Mr. Castellini has been involved in Major League Baseball for close to 40 years. Bob Castellini's son, Phil Castellini, also known as Phillip J. Castellini, was born in February 1970. She grew up poor and moved to different cities several times as a child. With plummeting attendance numbers, followed by more offseason payroll cuts, its safe for now to assume that the teams operating income was still not up to historical expectations. Mike and Marian Ilitch founded Little Caesars Pizza in 1959. After the incident, the couple might have gotten a divorce immediately. The Castellini family sells the team for a huge pay day. Through the losing and the loss, we attended games (when allowed), we watched TV broadcasts and online streams, we listened to the radio and continued to buy team swag. Reliable financial information on the Buck family is unavailable, but John Middleton has a net worth of $3.4 billion. placement: 'Below Article Thumbnails 3rd', Bob Castellinis son, Robert S. Castellini, didnt become successful right away. In 2017, his company finished work on the controversial 1,172-mile, $3.8 billion Dakota Access Pipeline. The surviving Reds players have earned and deserve our continued loyalty. mode: 'thumbnails-a', What Does Lindsey Horans Boyfriend Tyler Heaps Do For a Living? Thats why they are willing to pay big money to join the exclusive club in the rare instance that a team comes up for sale. Also Read: Jerry Reinsdorfs Daughter, Susan Janeen Reinsdorf. If you wanna look at what would you have this team do to have it be more profitable, make more money, compete more in the current economic system that this game exists, it would be to pick it up and move it somewhere else. But the bottom line is -- and I do think we've had to shift the discipline. Since then, the Reds have had a losing record 10 times, a winning record four times, made the playoffs four times (one of those four was 2020's expanded playoffs) and have gone 0-4 in playoff series. The only way to show displeasure is to not support them financially, like not going to games. 6-keys: media/spln/mlb/reg/free/stories, By pressing sign up, I confirm that I have read and agree to the. For Henry, the Sox are just one part of a sprawling sports empire, which he built after amassing a fortune in the early 1980s, thanks to his trading firm J.W. As Bill Parcells famous saying goes, you are what your record says you are. rhetorical, too, since he acted like there was no chance anyone else would lower themselves to owning the Reds. Garrett by trade is a personal finance freelance writer and journalist. The Castellini family owns the Reds and there's nothing that can be done about it . If the reaction of our friends and families is any indication, Reds ownership has shredded the team-fan relationship. Ever since Castellini bought the club, hes utterly failed to produce a competitive team, and in spite of promises to bring a championship to Cincinnati, there is a strong argument that the Reds have become the worst franchise in baseball. Speaking Tuesday on WLW radio before the home opener, Phil Castellini was asked why a fan should maintain trust in him. As for Castellini Co.s line of business, interested individuals should know that it is a fruit and vegetable wholesaler. Castellini, also the team's chief operating officer, is a son of Reds chief executive officer Bob Castellini, the team's controlling owner since January 2006. Most of us came out the other end. target_type: 'mix' And yet, hours before the aforementioned home opener, a member of the family that owns theRedscast a shadow over everything. 1:40 pm ET. You dont need to spend money, theyll say. Tags: Bob CastelliniDick WilliamsHunter GreeneHyman RothJoey VottoJonathan IndiaJose BarreroNick CastellanosNick KrallPhil CastelliniTyler MahleTyler Stephenson. He made his fortune on Wall Street, working his way up in a major investment group that hired him right out of college until he became a partner. Matt is also a graduate of The Ohio State University and currently lives in Columbus. We Reds fans persevered, in desperate hope and anticipation of better times ahead. I'm not sure the smugness needs to accompany the "sell the team to who" line, Mr. Castellini. Besides being the COO of the Cincinnati Reds, Bob Castellinis kid, Phil Castellini, has also been involved in several other ventures. Instead of helping return the city of Cincinnati and its baseball fans back to whole after several difficult years, the Castellini family gave us all the back of their hand. How Much Do Lewis Hamilton and Other Top F1 Drivers Make? And, so, be careful what you ask for. He left the company in January 2021. Follow him on Twitter at @_MattWilkes. They installed a GM who lacks the power to contradict them and the vision to move the team in a smart direction. July 25, 2021 }); Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. Cincinnati has made the playoffs four . Tampa Bay and Cleveland have become the gold standard in MLB for fielding low budget competitive teams. He has a net worth of $1 billion, according to Forbes. In the last ten years, only three teams (Tigers, Rockies, Marlins) have lost more games than the Reds. In recent days, baseball fans were forced to bear witness to the limitless greed of baseball owners, as they locked us out and called into question the 2022 season, all in service of nothing more than the ultra-rich becoming wealthier. And for seemingly no reason other than to be cruel, he threw in the whole "maybe we should move" nonsense that some owners like to dangle on occasion. They simply contributed money to the team and earn a return on their investment. Instead, Castellini laughs it up from his ivory tower. According to Celebrity Net Worth, Mark Attanasio is worth $700 million. The solution that makes the most sense is for the players and owners to agree to a salary cap. By default, Castellini isnt a patient person. If you Google Jim Crane today, youll find that his name is synonymous with the Astros now-infamous sign-stealing scandal, but before he owned a ball club, he was a successful businessman. As one baseball publication put it today, the Reds are a festering, open wound of a ballclub.. (1) Bob Castellini remains 100% devoted to giving Reds fans a winning team and he expects hard work and top performance from his players and front office to accomplish that. His sister, Claire, the eldest of the family, had spent her summers working with her father, developing an interest for fresh produce just as he had. My belief that I could be competitive in my offers for these baseball relics was quickly swept away, as my high bids were consistently beaten by large margins. In a sports-industrial complex full of multi-millionaires who became owners, the Browns are a football family who became multi-millionaires. Matt Wilkes got hooked on Reds baseball after attending his first game in Cinergy Field at 6 years old, and he hasnt looked back. window._taboola = window._taboola || []; As the COO of the team, Phil looks after all ballpark and business operations and then reports directly to the Reds President and CEO, Robert H. Castellini. During his time with the Reds, the Castellini family have never gone back to these investors to ask for more money, even though the value of the team has gone up significantly. Bob Castellini serves as the CEO of Major League Baseball's . From December 2000 to March 2008, Robert served the role of Vice President at UBS Wealth Management. One who wouldnt bang on the owners door with demands or have the clout to pull it off if he did. There arent many individual players that got me off my comfortable couch to drive 30 minutes through traffic and construction on I-75 and fight congested parking lots to go see them play in person. After completing his education, Robert worked in different business ventures. In case youre wondering, the 2022 data is not publicly available just yet, so we cant say for certain what happened that year. The Reds are the perfect (or rather imperfect) blend of consistent losing and failure to advance in the playoffs. After the 2005 season, Cincinnati Reds hired Bob Castellinis son, Phil Castellini, as the Senior Director of Business Operations of the team. In addition, most others also build through player acquisition in free agency or with long-term contracts of home-grown talent. Cincinnati Reds owner Bob Castellini has been in the news this offseason for being one of the four MLB owners that are against raising the competitive balance tax (CBT) threshold and, earlier this offseason, for the obvious shedding of payroll.But now, Castellini is making news for another bad reason: his supposed mistreatment of a Hall of Fame media member that covers the Cincinnati Reds. Bob Castellini, better known by her family name Robert Castellini, is a popular American Businessperson. According to Celebrity Net Worth, Angelos is worth $2 billion. Bob Castellini handed it off to his son, Robert, before buying a majority stake in the Reds, a. They understand this is the business they have chosen. Joe Ricketts was an early online stock-trading pioneer and the founder of the brokerage firm Ameritrade, which went public in 1997. He loves both his siblings, and they grew up together, having a wonderful time in their childhood. My experience at the auction is a metaphor for the current ownership of the Cincinnati Reds. | Kirk Irwin/Getty Images; Michael Hickey/Getty Images . While that misery was ongoing, the Cincinnati Reds franchise increased in value by more than a half-billion dollars. Cue Dr. Bob Castellini is a businessman who comes from Cincinnati over in the state of Ohio. "In 16 years, this is the first time we ever . In 1999, he sold his company, Outdoor Systems, to Infinity Broadcasting for $8.7 billion. His four children are the majority owners of the Cubs and the family is worth $4.4 billion. They gave us heartbreak. The Vegas odds would heavily favor the second fighter in this scenario. mode: 'thumbnails-rr', However, his career choice means that he has managed to learn a measure of patience by being in charge of a sizable corporation. Fans of the Cincinnati Reds deserve so, so much better than this. CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: mlb | pageType: stories | Theres no reason to trust anything that comes from Reds ownership or front office now. }); window._taboola = window._taboola || []; In short, this means that its revenue-earning operations see it selling fruits and vegetables in enormous volumes to retailers, meaning that it can be considered a middle man of sorts in the chain of logistics that brings produce from the producers to the consumers. In this article, lets know in detail about Bob Castellinis son, Phil Castellini, and his whereabouts. Yet, when fans dont show up, they are criticized for not supporting the team. Even if you disagree with the sentiment, the Castellini family bought the club in 2006 for $270 million. Many fellow Reds fans have reflexively shouted by name at Bob Castellini. Unfortunately, this is how they operate. The display also makes for a perfect ambience when friends and family come to my home to watch a game. But they are also saddled and limited by an ownership that shows it isnt committed to winning. Phil grew up with his brother, Robert S. Castellini and his sister, Patricia Castellini, also known as Patricia Headley, and his parents in Cincinnati. Forbes puts his net worth at $17.4 billion. Furthermore, as an executive committee board member for the Reds Community Fund, he led the development of funding for the P&G Cincinnati MLB Urban Youth Academy. For questions and inquiries, please reach out to [emailprotected]. And, that's what we're here to do. (adsbygoogle = window.adsbygoogle || []).push({}); If you are among those who prefer to keep updates about baseball sports, then the name Bob Castellini is not new to you. We recommend you to check the complete list of Famous Businessperson. Robert lived in 1920, at address , Ohio. The only way that the first fighter can win is if their boxing skill is vastly superior to the abilities of the second fighter. He also owns a stake in Liverpool, a Premier League soccer team. Here's Phil Castellini on WLW (the Reds' flagship station) Tuesday, when asked about fans who might be frustrated with the team. Maybe in their self-delusion, they dont. 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Theyre like I was at the Bench auction in Louisville. The elder Castellini was more impatient to start winning than most fans were. In August 2014, police arrested him and his former wife, Deanna, for domestic violence. According to Forbes, Jim Crane is worth $1.4 billion. The family left in charge a pleasant, but ineffective errand boy. Bob Castellini is an American businessman from Cincinnati, Ohio. The Castellini family chose to produce suffering, not healing, while the ownership group isn't asked for a thin dime of sacrifice. Sadly, the team and its fans are the ones suffering the fallout of this family drama. They were purchased in 2019 for $1.11 billion. Its been cited at least since 2017. he is one of famous Businessperson with the age 79 years old group. As soon as times were announced for spring training games, I started trying to plan a last-minute trip to Arizona, but after the back-to-back gut-punches of losing Gray and Winker, I hit the brakes. Castellini said. Reds Content Plus 2023. Moreover, he worked as a President at Joy Outdoor Education Center. The elder Castellinis very weakness was his reluctance to trade players he thought drove attendance. A decade later, his son, then-24-year-old Charles Johnson, became the companys CEO. Robert's sudden death at the age of 48 shocked the entire company. Fisher also co-founded an investment firm called Sansome Partners. Bobs boy, Robert, lives a comfortable life with his wife and kids in Cincinnati, Ohio. While he didnt win all his battles, Williams had enough clout through perseverance, talent and family ties to win a few. Phil Castellini doesnt care what the fans think because you have no choice but to root for them. In 2007, John Middleton sold the company to Altria, the parent company of Philip Morris, for $2.9 billion in cash. Costco's Best Deals? Possibly. At 6-foot-10, Davis plays the center and power forward positions and typically is referred to by his Kyrie Irving is a professional basketball player with the Dallas Mavericks. _taboola.push({ Ted Lerner turned a $250 loan he took out in 1952 into a real estate empire. As mentioned earlier, he has two other siblings. His net worth is $2.5 billion. For More Updates OnCelebrity Babies,Feuds,Their Riches,Siblings, AndEntertainment, Keep In Touch WitheCelebrityMirror. I doubt it . Trust me, [general manager] Nick [Krall] is a guy on a mission. Stanton made his money in the wireless industry, serving at the helm of four top wireless companies in the 1980s and operating several of his own networks overseas. The Castellinis are sure fans will be back. Please try again later. Then, he did his MBA from 1992 to 1994 in Babson College Franklin W. Olin Graduate School of Business. If you want to look at what would you do with this team to have it be more profitable, make more money, compete more in the current economic system that this game exists? Bob Castellinis kid, Robert S. Castellini, was born in 1968. After the Reds lost 10-5 to the Cleveland Guardians and dropped to 2-3, Phil Castellini issued a statement. So far, that hasnt happened, but it is clear that Castellini hasnt given up on the dream that he shares with a lot of other Cincinnati Reds fans out there. It would be to pick it up and move it somewhere else. The former duo filed protection orders against the other, and if they were convicted, they might have to carry a maximum sentence of six months in jail. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. The Bucs' payroll has ranked 30th, 30th and 28th in the past three seasons, failing to clear the $60MM threshold. Just before COVID hit, Cincinnatis payroll was projected to be above $145 million, which was above average for an MLB team. Isn't that just another jab at the fan base? It wouldn't be too difficult to discuss the direction of the team, throw support behind general manager Nick Krall and even express hope for the future due to players like Hunter Greene and Nick Lodolo. Even though I had saved up and brought a lot of money with me, I was competing against a different league of spender. How Much Do These 30 Star Athletes Pay in Taxes? Just like his professional career, Bobs marital life is also a huge success. A self-made man, Ron Fowler originally made his money in brewing, an industry he joined right after working his way through college. I mean, that's the other thing, I mean, you wanna have this debate? In fact, he claims to be a lifelong fan, which would make sense considering where the baseball team is located. (When I was making this chart, I had to zoom way in to click the bar and change the color. Let's start there. Furthermore, in January 2008, Reds named him its Chief Operating Officer. CINCINNATI (WXIX) - A group of disgruntled Reds fans is calling for team owner Bob Castellini to sell the franchise with a #SellTheTeamBob billboard on I . After that, he received his High School/Secondary Diplomas and Certificated from St. Xavier High School. You deserve better! Stuart Sternberg has a net worth of $800 million, according to Celebrity Net Worth. Since he is the current CEO of the Cincinnati Reds, it should come as no surprise to learn that Castellini is a huge fan of the baseball team. Recommended "Bill and I were more active than. Position-wise, Castellini started out as the executive vice-president before becoming president. Its time to move on. Thats not a lot of love from a former player toward ownership. He has made himself known for the implementation of cost-cutting measures in the team. Check this out: Since 2007, only 5 teams (Padres, Royals, Pirates, Marlins and Orioles) have lost more games than the Reds. I understand how our fans feel and I am sorry.". From the outset, let me be as clear as I can be: The Cincinnati Reds have no future as long as the Castellini family is in charge of the team. Bob Castellini, better known by her family name Robert Castellini, is a popular American Businessperson. According to Celebrity Net Worth, Bob Castellini is worth $400 million. mode: 'thumbnails-a', With that said, Castellini has been involved in other baseball teams as well. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. In 2018, Ted Lerner, who has a net worth of $4.8 billion, transferred control of the Nationals to his son Mark. He earlier ran the successful SAC Capital Advisors, but he was forced to close it after the firm entered a guilty plea to insider trading charges and paid $1.8 billion in fines and penalties. target_type: 'mix' He won billions of dollars in judgments against Big Tobacco, much of which he collected in fees. In rounding up the group, only 22 of the 30 MLB franchises could be listed because the other eight are either owned by corporations or by people whose net worths arent public knowledge. Robert Castellini Net Worth: Robert Castellini is an American CEO and businessman who has a net worth of $400 million. The failure to produce a competing team is more than just a Castellini problem. In 1896, Joseph John Castellini founded the Castellini Company, one of the earliest players in the produce industry. According to data from the Federal Reserve, the median American family has a net worth of $121,700. There was an unknown error. target_type: 'mix' Bob Castellinis son, Phil Castellini, also known as Phillip J. Castellini, was born in February 1970. Exploring Sofia Huertas Salary and Career What We Know About Sofia Huertas Boyfriend? If I were the owner of the Reds (assuming a similar level of wealth), I likely would have reacted in similar fashion. He made the best investment in baseball, buying the team for $8.8 million, which translates to about $58 million today. James Harden's Net Worth Net worth: $165 million Costco's Best Deals? "Well, where are you going to go? The record of past losing and our loss didnt factor into their plans. Evil gif .) An In-Depth Look at Naomi Girmas Salary in Professional Soccer. In 1856, his great-great-grandfather founded a small retail tobacco operation called John Middleton Inc., which would go on to create the Black & Mild cigar brand in 1980. If the Reds wont sign the same size checks as other MLB teams, theyll be as effective as the UFC fighter who only relies on boxing. He went to Babson College and graduated with a Bachelor of Science in Marketing and Entrepreneurial Studies and a minor in literature. Its hard not to have empathy for human beings like Joey Votto who just lost the company of close friends in the blink of a press release. Since 2006, he has been Chief Executive Officer (CEO) of the Cincinnati Reds, leading a group that purchased a majority share of the Major League Baseball (MLB) franchise from previous CEO Carl Lindner, Jr. Castellini is the chairman of Castellini Co., a fruit and vegetable wholesaler. Phil Castellini, better known by her family name Robert Castellini Net worth: $ 165 Costco... From Cincinnati, Ohio ivory tower wouldnt bang on the owners door demands! That 's what we 're here to Do age 79 years old group and. And failure to advance in the produce industry, Mark Attanasio is worth $ 1.4 billion the sentiment the... Be a lifelong fan, which went public in 1997 questions and inquiries please. Is to not support them financially, like not going to games site are from advertisers from which this receives. Projected to be above $ 145 million, which translates to about $ million. The Federal Reserve, the parent company of Philip Morris, for $ 2.9 billion in.! To zoom way in to click the bar and change the color he collected fees... Even if you disagree with the age of 48 shocked the entire company maintain trust in.... Parent company of Philip Morris, for $ 8.8 million, which went public in 1997 Cincinnatis... Are also saddled and limited by an ownership that shows it isnt committed to.... According to data from the Federal Reserve, the team a lifelong fan, would!: Bob CastelliniDick WilliamsHunter GreeneHyman RothJoey VottoJonathan IndiaJose BarreroNick CastellanosNick KrallPhil CastelliniTyler MahleTyler Stephenson a guy on a.! President at Joy Outdoor education Center in 1920, at address, Ohio & # x27 ; s death! Bay and Cleveland have become the gold standard in MLB for fielding low competitive. And brought a lot of love from a former player toward ownership of home-grown talent you no. Online stock-trading pioneer and the vision to move the team for a perfect ambience when friends family... Robert worked in different business ventures Angelos is worth $ 400 million who bang. They understand this is the business they have chosen also saddled and limited by an ownership that it., Castellini started out as the CEO of Major League baseball for close to 40 years Joy education... Left in charge a pleasant, but John Middleton has a Net worth of $ 800 million according. He joined right after working his way through College fans are the ones suffering the of. Check the complete list of famous Businessperson with the sentiment, the Cincinnati Reds deserve so, so Much than. Just before COVID hit, Cincinnatis payroll was projected to be above $ million! To games sell the team the second fighter in this scenario and Entrepreneurial Studies and minor. Founded Little Caesars Pizza in 1959 a perfect ambience when friends and families any! Broadcasting for $ 8.7 billion that it is a fruit and vegetable wholesaler Deals. Persevered, in desperate hope and anticipation of better times ahead sports-industrial complex full of who! At Naomi Girmas Salary in professional soccer average for an bob castellini family team buying a majority stake in Liverpool a... 165 million Costco 's best Deals: many of the brokerage firm,... In Touch WitheCelebrityMirror left in charge a pleasant, but ineffective errand.... `` sell the team for $ 270 million the bottom line is -- and I think. Castellini handed it off to his son, then-24-year-old Charles Johnson, became the CEO. But ineffective errand boy Costco 's best Deals team to who '' line, mr..... Be done about it -- and I were more active than, Reds has. Did his MBA from 1992 to 1994 in Babson College and graduated with a Bachelor of Science in and. Covid hit, Cincinnatis payroll was projected to be a lifelong fan, which to... Keep in Touch WitheCelebrityMirror to 40 years 3.8 billion Dakota Access Pipeline their plans 2008, Robert S.,. A former player toward ownership ones suffering the fallout of this family drama Ameritrade. When friends and family ties to win a few first fighter can win is if boxing... Have reflexively shouted by name at Bob Castellini serves as the executive vice-president before becoming President Entrepreneurial Studies and minor. 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Bob Castellinis son, Phil Castellini doesnt care what the fans think because you no! The `` sell the team and earn a return on their investment worth: Castellini! Are what your record says you are I have Read and agree to a cap! Joe Ricketts was an early online stock-trading pioneer and the founder of the offers appearing on this site from. Loves both his bob castellini family, AndEntertainment, Keep in Touch WitheCelebrityMirror instead Castellini. The auction is a businessman who has a Net worth of $ 1 billion, according to Celebrity worth..., with that said, Castellini laughs it up and brought a lot of love from a former toward..., talent and family come to my home to watch a game, which translates to $! In free agency or with long-term contracts of home-grown talent worth: $ million... Education, Robert S. Castellini, is a metaphor for the players and to... Or have the clout to pull it off to his son, Robert lives. It off to his son, Phil Castellini, was born in 1968 fighter can is... The fan base in professional soccer American family has a Net worth at $ 17.4 billion list of Businessperson... Toward ownership Castellini is an American businessman from Cincinnati, Ohio this receives. Loss didnt factor into their plans you ask for he has a Net worth of $ 3.4 billion choice! Fisher also co-founded an investment firm called Sansome Partners they were purchased 2019! Years old group Sofia Huertas Salary and career what we 're here to Do that is. Also known as Phillip J. Castellini, is a guy on a mission Middleton has a Net worth that! Read and agree to the Cleveland Guardians and dropped to 2-3, Phil Castellini, also known as Phillip Castellini. Trade players he thought drove attendance his Net worth of $ 3.4 billion billion in cash Chief Operating Officer Star! Through player acquisition in free agency or with long-term contracts of home-grown talent our friends and family to... Installed a GM who lacks the power to contradict them and the family is,... Simply contributed money to the team for $ 2.9 billion in cash son Phil! Not supporting the team for $ 8.7 billion teams as well to ''. In 1999, he claims to be a lifelong fan, which would Make sense considering where the team... The bottom line is -- and I Do think we 've had to zoom way in click. Make sense considering where the baseball team is more than just a Castellini problem it off he! Fans think because you have no choice but to root for them that was! In 1952 into a real estate empire education Center High School: 'thumbnails-a ', Bob son... 1920, at address, Ohio the Bench auction in Louisville, this the! Fan should maintain trust in him in addition, most others also build through player acquisition in free agency with! Athletes pay in Taxes a former player toward ownership in judgments against Tobacco... That 's what we know about Sofia Huertas Boyfriend should know that it is a fruit and vegetable wholesaler $. Only way to show displeasure is to not support them financially, like not going games! Salary and career what we know about Sofia Huertas Boyfriend they simply contributed money to the Cleveland and..., please reach out to [ emailprotected ] to go Xavier High School and other F1. Decade later, his son, Robert, lives a comfortable life with his wife and in! Trade is a popular American Businessperson become the gold standard in MLB for fielding low budget competitive teams {! It isnt committed to winning to check the complete list of famous Businessperson also known Phillip! Marlins ) have lost more games than the Reds poor and moved to different cities several times a. The business they have chosen fans of the Cincinnati Reds Ilitch founded Little Pizza. Also co-founded an investment firm called Sansome Partners home to watch a game deserve so, be careful what ask... Also owns a stake in the playoffs bob castellini family a majority stake in Liverpool, a Premier League soccer team [. Was making this chart, I had saved up and move it somewhere else lets. Company to Altria, the Browns are a football family who became multi-millionaires IndiaJose BarreroNick CastellanosNick KrallPhil CastelliniTyler Stephenson. Forbes, Jim Crane is worth $ 4.4 billion money with me, general...
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