Peter Magowan Biography by The Baseball Page
Peter A. Magowan, then CEO of Safeway, led an eleventh-hour bid called for by MLB when the Giants were on the cusp of being sold and moved to St. Petersburg at the close of the 1992 season. Magowan's group's purchase of the Giants from Bob Lurie was approved in January 1993; the Giants then quickly signed Barry Bonds to a 6-year, $43.75 million (then a record both for total package and average salary).
Voters had declined several opportunities to help build a new ballpark for the Giants (leading to their near move to St. Pete). But in 1995 SF voters approved Magowan's plan to build Pac Bell Park in the South Beach district of the city with private financing.
Magowan's teams won the NL West in 1997, 2000 and 2003, the Wild Card in 2002, lost a one-game playoff for the Wild Card slot in 1998 and won a 103 games in 1993, but did not qualify for the post-season.
In May 2008 Magowan announced he would retire after the season and that he would be succeeded as managing partner of the ownership group by William Neukom, and as President of the club by Larry Baer.By BR Bullpen
More From Around the Web
The San Diego Padres sign former All-Star outfielder Brad Ha ...
Ricky Nolasco, recovering from arthroscopic surgery on his r ...
Matt Capps and the Washington Nationals reach a preliminary ...