San Francisco Giants
Neukom had been an investor in the Giants since 1995 and on May 16, 2008 was named the new Managing General Partner for the Giants. He succeeded Peter Magowan, who retired at the end of the 2008 season at the age of 66. Neukom and other investors purchased a portion of Peter Magowan's ownership interest in the team. Neukom became the lead active investor of the team following the reduction of Magowan's ownership interest, the death of Harmon Burns (a leading investor who died in 2006) and the death of Sue Burns, who died in 2009.
On September 14, 2011, Bill Neukom announced he was retiring as the Managing General Partner and CEO of the San Francisco Giants effective January 1, 2012, and he would be succeeded by Giants executive Larry Baer. Sources have indicated Neukom was forced out due to differences in the ownership group on how to divide up the additional money earned after the Giants won the 2010 World Series. According to press reports Giants shareholder Charles Bartlett Johnson purchased additional interests in the team, becoming the largest individual shareholder at 25%.
Read more about this topic: Bill Neukom
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