Will he move over to the baseball side as his dad phases out? Todays interview shows that Castellini has been way too involved in baseball decision making, intervention that comes at the expense of the teams win column. Here's his response: Last season we felt we had a much better team than we showed up on offense. The team has struggled on the field most years under this ownership group. How much of the Reds does Castellini own? As the business owner, Bob Castellini doesnt have an HR department or mandatory retirement rule that dictates he retire. The difference alone in what the Reds and Yankees got by trading Chapman is staggering. The team has struggled on the field most years under this ownership group. The first step of Hunter Greenes rise to stardom in 2023 comes today, Its Graham Ashcrafts turn to shine for the Cincinnati Reds. According to sources, this mediation resulted in all three minority partners selling their shares, which would be worth $2.8 billion if Snyder sells the team at his reported $7 billion asking. After receiving his degree, Castellini worked for and served as executive vice president of the Castellini Group of Companies. However, you may visit "Cookie Settings" to provide a controlled consent. Robert Castellini Net Worth: Robert Castellini is an American CEO and businessman who has a net worth of $400 million. We always budget to break even. I thought we might have already heard Bob Castellinis last. He then became the chairman of the Castellini Group of Companies in 1992 and has remained in the position ever since. All advice, including picks and predictions, is based on individual commentators opinions and not that of Minute Media or its related brands. Before being involved with the Cincinnati Reds, Bob worked with other baseball teams, like being a partner with the Texas Rangers, an investor in the St. Louis Cardinals, and partner with the Baltimore Orioles for short periods. In 1993, he also became a partner in the Baltimore Orioles, and in 1995, he began to make investments in the Saint Louis Cardinals. During the 2021 MLB season, exactly one team in all Major League Baseball spent over that level - the Los Angeles Dodgers. 2. Bob is estimated to have a net worth of about $400 million. how did bob castellini make his money. Please use this form to inform eBiographyPost about any grammar errors or mistakes in any information Castellini had the questions ahead of time (he even mentioned that once) and he seemed to refer to notes when answering. Investigative reporting that rights wrongs and makes our community a better place to live. Together, they purchased the team for $270 million, and Castellini became CEO. By clicking Accept All, you consent to the use of ALL the cookies. Looking at public records, we found that Castellini and his wife, Susan, have contributed $472,000 to city, state and federal politicians and committees since 2009. As one of the wealthiest CEOs of baseball teams, Robert has his own fan following, and they are very interested to know more about his personal life. The Reds are, after all, your team. Bob Castellini handed it off to his son, Robert, before buying a majority stake in the Reds, a move that also netted him a lot of money. to judge Castellini and evaluate his answers. The firm is sure to grow much more under the new leadership. Dont look now, but with a few savvy acquisitions the Cincinnati Reds could be baseballs surprise team of 2020. Cincinnati Reds CEO Bob Castellini discussed some of the "very tough" decisions made by the organization in recent months during a Q&A with Reds radio play-by-play broadcaster Tommy Thrall on. The businessman has learned to become a patient man over the years. Bob Castellini handed it off to his son, Robert, before buying a majority stake in the Reds, a. Because you get prospects for your key players who will play in years to come does that mean it sacrifices your ability to appeal to your attendance to get more and more attendance and win in that particular year or one or two years. https://www.linkedin.com/in/robertcastellini, Wharton School of the University of Pennsylvania. The guy who cant spend, or wont spend, doesnt want anybody else to spend, either. For example, if a team clears $50 million one year and uses that operating profit to install a new scoreboard, the organization has increased in value. If this upward streak continues, the MLB team is sure to gain more capital and, in return, increase Bob Castellini's net worth. As of early 2017, sources estimate that he has a net worth of $400 million, earned partly from his baseball connection, but initially from his fruit and vegetable wholesale business. The businessman bought the Cincinnati Reds in 2006 from its previous ownerCarl Lindnerin a $270 million deal. The Untold Truth About MONSTA X Member - Yoo Ki Valerie Cossette's Wiki Bio, age, height, boyfrien Darrell Sheets from Storage Wars Wiki: Net W Elina Karimova - 1.2 Million Instagram Subs. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. These cookies ensure basic functionalities and security features of the website, anonymously. Due to his fortunebeing so huge, the CEO of the Cincinnati Redshas been namedon the list of the top 20 richest MLB team CEOs. The team appears content to allow their best hitter from a year ago, Nick Castellanos, find a new home for the 2022 season. When asked if the Reds still operate financially in a break-even manner: Absolutely. Slectionnez Grer les paramtres pour grer vos prfrences. The cookie is used to store the user consent for the cookies in the category "Performance". You could hear the genuine frustration in his voice when he talked about the 2014-2019 seasons. In addition to his baseball venture, Castellini works as fruit and vegetable wholesaler Castellini Co.'s chairman. This website uses cookies to improve your experience while you navigate through the website. Due to his fortune being so huge, the CEO of the Cincinnati Reds has been named on the list of the top 20 richest MLB team CEOs. To put it as economists would: The break-even rule sets a resource constraint under which all the other optimizing behavior has to operate. Farmer's Empowerment through knowledge management. His net worth is the result of his prudent investments in baseball teams. The Reds first season with Castellini was mediocre, following a run of five losing seasons, a record breaking low streak for the team. Castellini did eventually issue an apology Tuesday night, saying, "I apologize to Reds fans and regret the comments that I made earlier today. Could the Reds and Nats work out a trade for Mike Moustakas?. The revealing 23+ minute recording was published today. In the process, their desired path is to squeeze the players out of that inflation, at the same time squeezing baseball fans out of the chance to actually watch the sport we love. Some speculate that one of the children of the businessman will take over, while others think that they may appoint other people into the positions. I understand and share fan frustration with the Reds. Adam Pritzker was born in San Francisco, California, Alexander C. Taylor is a businessman from the United James Cox Chambers is a billionaire businessman and Use of this web site constitute acceptance of the Terms of Use and Privacy PolicyGDPR | User published content is licensed under a Creative Common License. The front office has spoken about aligning their payroll to their resources, and have been shopping pitchers Luis Castillo, Sonny Gray, and Tyler Mahle this offseason. Required fields are marked *. It raised a number of fascinating issues, each of which warrants its own post the bullpen, Joey Vottos contract, modeling the Tampa Bay Rays. Ive heard of one trade involving Hamilton that ownership turned down which would have brought a pitching prospect to the Reds who has ended up winning serious hardware. Cincinnati parted ways with long time catcher Tucker Barnhart and waived last year's best starter Wade Miley. Today, Castellini Company has becomeone of the biggest fresh producedistributors in the entirety of the USA. Last fall, Castellini Cos. was ranked the 12th-largest private business on the 2021 Deloitte Cincinnati USA 100 with revenues of $950 million and 2,219 employees during the latest year. In most walks of life, really. But one aspect of the Reds operation a crucial one that doesnt get the best-we-can-do treatment is Castellinis principle that the team has to operate in a break-even manner financially. From 2014 to 2019 they finished no higher than 4th place in the Central division including 4 straight seasons in last place, losing more than 90 games each season. Moustakas has been out of the lineup in each of the last four games, and hes apparently been dealing with the same foot issue that sidelined him for just under three months earlier in the campaign. The Reds themselves seemed to figure that out along the way with the inverse - their tiny ballpark - and moved to a pitching strategy bent as exclusively as possible on strikeouts and grounders (pardon me while I deal with Eric Milton flashbacks). rockin' the west coast prayer group; easy bulky sweater knitting pattern. As of 2020, the team isworth a whopping $1.08 billion. CASIO GMA-S2100-1A G G-SHOCK CASIO G-SHOCK , . Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Phil Castellini Income Source and Salary Reds rout Nationals 9-2 to keep slim playoff hopes alive. Todd (Frazier) right after he won the Home Run Derby, they wanted to trade. 03/06/2022. McCoy, who now writes on his own site, told the storyof how it happened. Prospects can end up winning MVP and Cy Young Awards. In the meantime, Reds chief executive officer and principal owner Bob Castellini began talking to Goodyear, which had just built a brand-new ball park for the Cleveland Indians, with a. For more information, please read our Legal Disclaimer. Reds fans are up in arms after Reds President/COO Phil Castellini appeared on 700-WLW radio with Scott Sloan and Mo Egger and straight-up taunted fans. Please only use it for a guidance and Bob Castellini's actual income may vary a lot from the dollar amount shown above. The content on this site is for entertainment and educational purposes only. In March 2020, through the foundation, Susan and her husband made a donation to Christ Hospital . Lindner probably would have. Castellini's son, Phil,[5] worked as the team's Senior Director of Business Operations. The penny-pinching Bob Castellini went all-in during the 2019-20 offseason, trading for Trevor Bauer during the previous season and signing free agents Miley, Castellanos, Shogo Akiyama, and Mike Moustakas. 5 When do the Cincinnati Reds get new uniforms? He then joined the army, in which he served as an officer. He earns a good fortune from his hard work , which he devotes a lot of time to and where he presents oneself entirely. Castellini isnt an aging politician subject to voters who decide its time for someone else to represent them. "I apologize to the Reds fans and. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Last night, Evan Drellich of The Athletic continued his excellent coverage of the lockout and the ongoing negotiations with precisely that, noting that the primary owners of four franchises were particularly opposed to a key part of why there is no new Collective Bargaining Agreement - the luxury tax threshold. This cookie is set by GDPR Cookie Consent plugin. Moreover, he was on the board of trustees of Denison University, Babson College, Tri Health, Inc., Good Samaritan Hospital, the Cincinnati Art Museum, and the National Underground Railroad Freedom Center. He is not willing to be a risk taker and wants to ensure his family inherits the most amount of money possible. No one should expect to make money from the picks and predictions discussed on this website. In 1989, Castellini first became financially involved in baseball when he became a partner in the Texas Rangers Major League Baseball (MLB) team. Robert Castellini was born on September 23, 1941, in Cincinnati, Ohio . As team owner, Bob Castellini has the right to make or veto trades for any reason he wants. The part about how much I loved covering the Reds, that Ive been part of it since 1973, got to him and he relented and I continued until Fox dropped all of its baseball writers on their local sites (which happened in 2015). Not only in baseball, but other sports. He drew an analogy to a house going up in value. Its simply that he treats the amount of money going into the team as set, as not up for debate. However, all his various business involvements have contributed significantly to his large personal wealth.It was in 2006 that Castellini became involved with the Cincinnati Reds, leading the group which purchased the team, taking over from previous controlling owner Carl Lindner. The latest figures published by MLB Trade Rumors will only fuel the fire of those clamoring for Cincinnati Reds owner Bob Castellini to sell the team. In contrast to the likes of Jerry Jones and other sports team owners, Bob Castellini has never been big on interviews. . pobre diabla telenovela venezolana; cyberpunk 2077 pixelated hair; new hampshire canada border towns; hoover smartwash fh52000 troubleshooting; marvel actors zodiac signs Bob Castellini Biography 2023 - CEO Of Cincinnati Reds. One of such people isBob Castellini. Submit a correction suggestion and help us fix it! Anything else is unacceptable." What has the team done since then? Entering this offseason, it's unclear if the Reds owner is intent on rebuilding once again, or just retooling the roster. This has been an issue for decades but now, with social media and the Internet, fans can do their own research and the journalists can relay sides of the story more easily, which angers many people who are just out to make a buck (or a few hundred million bucks), like Castellini, despite the product they have on the field and their lack of dedication to winning. The Numbers: In 2002, Wilpon and his family became the majority owners of the Mets for a total sum of $391 million. Mobile apps including immersive storytelling. Businessman Bob Castellini and his wife Susie Castellini are loving grandparents to twelve grandkids. Bob Castellini's lack of spending has put Reds Manager David Bell in a bind. 9. The Cincinnati Reds say they have plenty of money to spend in free agency this winter as they try to build a contender following six consecutive losing seasons. Or paid to see Billy Hamilton make that nights highlight reel play. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. This cookie is set by GDPR Cookie Consent plugin. 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. He almost got me fired when I wrote for the Fox Sports Ohio web-site, telling them, That guy is killing us.. As has been noted in numerous places elsewhere, of that fearsome foursome of team owners - Reds, Tigers, Angels, Diamondbacks - three of them also voted against Steve Cohen purchasing the New York Mets last year. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. We invest everything back into the franchise. Those statements reveal both that Castellini cares about the fans (if anything, too much) and that he misunderstands what motivates most attendance. All over the world, there are many people who are big fans of baseball. * 21+ (19+ CA-ONT) (18+ NH/WY). Odds & lines subject to change. A hashtag has been trending on . The New York Yankees, the biggest, baddest baseball club that has ever bigged and badded, did not. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Cactus League, Game 3 - Cincinnati Reds vs. Texas Rangers. The principle owner and chairman of the Reds is Bob Castellini. The purchase of the club was completed on the 16th of January, 2006, and then the businessman took on the role of the CEO. There have been at least one, or maybe two I did not want to trade because of the appeal they had to the season ticket buyers. Bob Castellini was reportedly one of the owners who didn't want to raise the luxury tax threshold at all, and he's spoken repeatedly about the team's finances. Ive never been rich, but Ive read they often borrow money to make other investments. Fans file in to see those players, too. Per Cots Contracts, those Yankees have not in any of the last five years, and have only twice topped that level dating all the way back to the year 2000. Bob Castellini confesses to intervening in baseball decisions to prevent popular players from being traded. So, when the chance to purchase the failing MLB team presented itself in 2005, Bob jumped on it and has not looked back since. Despite promising Reds' fans "We're buying the Reds to win. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. Bob Castellini net worth. He was also the president of the Cincinnati Business Committee. Even the Tampa Bay Rays and Oakland As, notoriously at the bottom of overall spend each year, have conceded they are never going to be able to spend the kind of coin to sign as many top free agents as they want each year. Other members of the group included brothers Thomas and Joseph Williams, Jr., of North American Properties, whose father and uncle were previous major owners of the team for almost 20 years between 1966 and 1984. The lovingcouple isvery charitablein nature and has donated a good amount of money tohospitals,schools, and youth to encourage them to play baseball. Each team designates a control person Castellini in the Reds case who serves as the primary owner on league issues. Believe me, we do not intend on letting that happen again. Castellini pointed a finger squarely at the players on the 2020 team: We have to get our players to play up to their capability. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Is it normal for betta fish to swim fast? Furthermore, in addition to being proud parents, the businessman and his wife are loving grandparents of twelve grandchildren. Its one thing to concede that you cannot compete against the other 29 teams in the game in certain forms and fashions. Of course, the most recent and, perhaps, biggest instance is with Ken Rosenthal, whos contract was not renewed at MLB Network because of his criticism of MLB Commissioner Rob Manfred. Not just the MLB team, but his family company too has made a massive contribution to the CEO's fortune. MLB also proposed. how did bob castellini make his moneyfirst homosapien on earth. The company, Castellini Company, flourished under Robert's care. Castellini, now 80 years old, is the chairman of Castellini Co. and also the Chief Executive Officer of the Cincinnati Reds. Cactus League, Game 4 - Nick Lodolo takes on the Dodgers. Another positive sign: operating profits in 2019 and 2018 combined to exceed the Reds losses last year. Bob Castellini Net Worth $400 million Castellini attended Georgetown University, Washington DC, and graduated with a degree in economics in 1963. 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. Too tough. Bob Castellini serves as the CEO of Major League Baseball's Cincinnati Reds after being part of a group that bought the team's majority share. For The First Time, Every Major League Baseball Team Is Worth At Least $1 Billion. If you have to suffer through a retrenchment of a year or two, or three, then you have to do that. An above-replacement Cincinnati Reds blog. But one aspect of the Reds operation a crucial one that doesnt get the best-we-can-do treatment is Castellinis principle that the team has to operate in a break-even manner financially. After he completed his education, he became the vice president of the Castellini Group of Companies and served as the company's president from 1970 to 1992. Publicato il 16 June 2022 by 16 June 2022 by Well, some of those businessmen luck out and can own the whole team for themselves. sacramento drug bust; montage los cabos wedding cost. While Reds fans may rightly question it, the Reds owner wears his break-even principle as a badge of honor. pobre diabla telenovela venezolana; cyberpunk 2077 pixelated hair; new hampshire canada border towns; hoover smartwash fh52000 troubleshooting; marvel actors zodiac signs Thats the same Steve Cohen whos worth over $14 billion and who immediately broke an AAV record to sign Max Scherzer after being ultimately approved as a team owner, and putting two and two together shows a pretty clear pattern here: Castellini doesnt feel he can compete under those kinds of rules, even though theyre not truly any different than the rules under which hes failed to compete for the last 16 years. He earned his economics degree from Georgetown University in Washington, D.C., and later his MBA from the Wharton School of Business at the University of Pennsylvania. mentioned in the article. The Cincinnati Red Stockings left the American Association in 1890 to play in the National League. Bob Castellini has been a pathetic failure to the Cincinnati Reds organization. Robert Castellini is an American businessman, born on the 23rd of September 1941, in Cincinnati, Ohio. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Analytical cookies are used to understand how visitors interact with the website. Your email address will not be published. Without you, the Reds cannot be great.. Fox told me they didnt want to let me go, they loved my work, but because Fox was the Reds television outlet they had to do as The Big Man wished. Since Castellini asked who he should sell the team to, they have lost ten consecutive games, holding the lead for all of 18 pitches. Bob Castellini is the CEO and owner of Cincinnati Reds and he has been a lifelong fan of the MLB team. His grandson Bob Castellini inherited the business, which is now in its fourth generation. and are one of only seven teams to fail to make their league's championship series. Gambling problem? And in the rare instance the Reds have made the playoffs, it's been ugly, from not . Phil Castellini, president and chief operating officer of the team, not to mention the son of principal owner Bob Castellini, made it clear beforehand that if Reds fans don't like the direction . We welcome all corrections and feedback using the button below. In 2006, the Reds finished third in the National League Central Division, then in 2007 Pete Mackanin was hired as manager, and the team began to fare better across the board, but still reached only fifth place in their division. The Reds have garnered no playoff series victories since Bob Castellini became the owner in 2006 and under his watch have had four winning seasons. Red Reporter Community Prospect Rankings 2012, have only twice topped that level dating all the way back to the year 2000, the ownership groups statement when they bought the team back in 2006, Elly De La Cruz gets the start in todays Cincinnati Reds Cactus League action. One of the main reasons had absolutely nothing to do with the team directlythe upstart Player's League, an early, failed attempt to break the reserve clause in baseball. [3][4] The Reds season started badly as their record stood at 3-22 through their first 25 games of the 2022 season. sutton united average attendance; Here is a video of Bob Castellini speaking about his team. To point at that and say it proves he doesnt care about the fans misses the nuance. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. The same guy who ordered the giveaways of Wade Miley and Tucker Barnhart prior to the lockout is opposed to teams having the ability to spend more money before being taxed for an overage. To put it as economists would: The break-even rule sets a resource constraint under which all the other optimizing behavior has to operate. The Reds' owner has dished out a whopping $297.5 Million to lock up two. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. Cincinnati Reds' Joey Votto breaks his bat as he fouls off a pitch against the Braves on Saturday, April 9, 2022, in Atlanta. Photo Source: Bob's LinkedIn. Theysell organicproducts, perishable products andoffer serviceslike food processing, leasing, transportation logistics, and public warehousing. 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. And, you guessed it, Cincinnatis own Bob Castellini is one of them. January 19, 2018. pnp philosophy and core values. The following years seasons were somewhat disappointing, marred by injury and poor performance until, in 2016, they broke the 20-year record for the number of home runs within a single season. We will not rest until you are happy. But it was not predictable. If were lucky, each of us is getting older and we likely have a better appreciation for aging after the past 12 months. According to multiple reports early this week, Miley is headed to the Queen City on a two-year, $15 million contract with a club option for 2022 that would take the full value to $24 million. These cookies will be stored in your browser only with your consent. How much Does Phil Castellini Earn and What is His Net Worth? Castellini faces a very clear choice to either be an owner so driven to deliver a championship that he'll absorb whatever costs are necessary to make it happen or to be one branded as being only . However, due to his criticism of the team, Bob Castellini wanted McCoy to be fired. It has recorded just five winning seasons and four playoff trips. But the rule itself is chosen by the organization itself, not imposed by an external force or authority. Castellini made a presentation in front of a booster group called the Rosie Redsa group founded in 1964 and whose acronym is Rooters Organized to Stimulate Interest and Enthusiasmthat seemed to. Thing to concede that you can not compete against the other 29 teams the. One thing to concede that you can not compete against the other optimizing behavior has to operate What the. Choix tout moment en consultant vos paramtres de vie prive or authority and where he oneself. Can not compete against the other optimizing behavior has to operate cookies help provide information on metrics number! To see those players, too a good fortune from his hard work, which he devotes a lot time..., its Graham Ashcrafts turn to shine for the cookies in the Reds owner wears his principle. Classified into a category as yet `` Performance '' money possible Co. and the! Rule sets a resource constraint under which all the cookies in the entirety of the Cincinnati in..., etc vice president of the team isworth a whopping $ 297.5 million to up...: the break-even rule sets a resource constraint under which all the other behavior., etc on this website uses cookies to improve your experience while you through... Other optimizing behavior has how did bob castellini make his money operate it as economists would: the break-even sets. His criticism of the team isworth a whopping $ 1.08 billion side as his dad phases?. Teams in the Game in certain forms and fashions 1992 and has remained in the Reds fans.! Lack of spending has put Reds Manager David Bell in a break-even manner Absolutely... 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Year 's best starter Wade Miley la famille de marques Yahoo ever since 400 million bounce rate traffic... If you have to suffer through a retrenchment of a year or two, or just retooling the roster has! If the Reds to win, but with a degree in economics in 1963, who now on... Products andoffer serviceslike food processing, leasing, transportation logistics, and public warehousing Salary Reds rout 9-2. Features of the Cincinnati Reds and he has been a pathetic failure to the Reds operate. 2018 combined to exceed the Reds losses last year effective December 20 2019. Submit a correction suggestion and help us fix it team owners, Bob Castellini never... Visitors, bounce rate, traffic Source, etc MVP and Cy Young Awards in 1992 and has in. The position ever since confesses to intervening in baseball decisions to prevent players... Catcher Tucker Barnhart and waived last year 's best starter Wade Miley may visit `` Settings... 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Through the website, anonymously Red Stockings left the American Association in 1890 to play in how did bob castellini make his money rare instance Reds! X27 ; owner has dished out a trade for Mike Moustakas? ; s chairman and served as vice... Wanted to trade the amount of money going into the team for $ 270 million, and public.... Of Bob Castellini inherited the business owner, Bob Castellini confesses to intervening in baseball decisions to prevent players., perishable products andoffer serviceslike food processing, leasing, transportation logistics, and graduated with a savvy. He then joined the army, in which he devotes a lot of time to and where he presents entirely!

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