Margaret Carolyn Schott was an American baseball executive. Serving as managing general partner, president and CEO of Major League Baseball's Cincinnati Reds franchise from 1984 to 1999, she was the second woman to own a North American major-league team without inheriting it, after New York Mets founder Joan Whitney Payson.

The Cincinnati Reds are an American professional baseball team based in Cincinnati. The Reds compete in Major League Baseball (MLB) as a member club of the National League (NL) Central Division and were a charter member of the American Association in 1881 before joining the NL in 1890.