Is Blackwell looking for a conflict of interest?

The Cincinnati Enquirer reported yesterday that Republican gubernatorial candidate and current Ohio Secretary of State, Ken Blackwell is part of the group that is buying the Cincinnati Reds. I've been a Blackwell supporter, but will admit that I'm flummoxed by his decision to be involved with a major corporate entity which could have business dealings with the state. I understand that President Bush was a part owner of the Texas Rangers. However, a key difference is Bush was not in government service or running for an elected office at the time.