Managing General Partner of The San Francisco Giants
Magowan, along with a group of investors, purchased the franchise on January 12, 1993, from the previous owner, Bob Lurie. Before Magowan's consortium stepped in with its offer to buy the team, Lurie had planned to sell the team to a group from St. Petersburg, now home to the Tampa Bay Rays. Magowan made his mark on the team immediately, signing free agent superstar Barry Bonds, a San Francisco Bay Area-native whose father began his career as a Giant.
Magowan is also noted for spearheading the construction of the Giants' current home, AT&T Park (previously SBC Park and Pacific Bell Park). Previously, several initiatives to build tax-supported stadiums had been rejected by San Francisco voters. In December 1995, Magowan unveiled his plan for a 42,000 seat ballpark in China Basin, which would be privately funded - the first privately funded in over 30 years. The plan was passed easily by San Francisco voters, by a 2 to 1 margin. Pacific Bell Park opened in 2000, replacing the oft-criticized Candlestick Park. Since AT&T Park opened, the San Francisco Giants have been at the upper top half of revenue-generating teams in Major League Baseball.
Read more about this topic: Peter Magowan
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