Margaret Unnewehr Schott (August 18, 1928 – March 2, 2004) was the managing general partner, president and CEO of Major League Baseball's Cincinnati Reds franchise from 1984 to 1999. She was the third woman to own a North American major-league team without inheriting it (the first being New York Mets founder Joan Whitney Payson), and the second woman to buy an existing team rather than inheriting it. She is perhaps most well known for her controversial behavior during her tenure as owner of the Reds, which included slurs towards African-Americans, Jews, and persons of Japanese ancestry. She was banned from managing the team by the MLB from 1996 through 1998 due to statements in support of German domestic policies of Nazi party leader Adolf Hitler; shortly afterwards, she sold the majority of her share in the team.
$1.7 Million
