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Lafley says he's buying a 'micro share' of franchise

Updated: January 27, 2006, 2:11 PM ET
Associated Press

CINCINNATI -- Procter & Gamble Co.'s top executive is buying a tiny share of the Cincinnati Reds.

"I'm a baseball fan, and a longtime Cincinnati Reds fans," A.G. Lafley wrote in an e-mail.

Lafley -- chairman, president and chief executive of the consumer products company -- is buying what he called a "micro share" of one of the new ownership units in Cincinnati Reds LLC.

Cincinnati businessmen Bob Castellini, who leads a group that just finished buying 75 percent ...

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