Magowan Reportedly Set To Surrender Control Of MLB Giants
 |
Magowan Could Announce His Resignation As
Giants Managing General Partner On Friday |
The MLB Giants have called a meeting of the team's ownership for Friday, and "word is that longtime [Managing General Partner] Peter Magowan will announce he's stepping down," according to Matier & Ross of the S.F. CHRONICLE. The Giants' front office this week sent an e-mail to the team's 30 investors, asking them to attend a 10:30am PT meeting Friday at AT&T Park to discuss "some investments the Giants are contemplating." Sources said that the "real topic is ... Magowan's planned retirement, which could lead to his ownership shares -- estimated to be worth well over $70[M] -- being offered to fellow partners." The Giants are valued "in excess of $500[M]." There was "no immediate word on who might succeed Magowan, but the job is expected to go to someone already connected to the ownership group." The "names mentioned most frequently" are Giants General Partner William Neukom and Principal Partner John Scully. Matier & Ross note whoever takes the job is "likely to play a more limited role than Magowan," who has run the team since '93. Some partners "privately complained that Magowan's managing style was autocratic," and Matier & Ross write it "left him open to criticism and second-guessing from both inside and outside the organization" (S.F. CHRONICLE, 5/14).
|
Related Stories By Company
|
Related Stories By Sport
|
Neukom, Wolff Talk Economy, Free Agents
November 12, 2008 :
SportsBusiness Daily
MLB Giants' Bill Neukom Making Changes
October 8, 2008 :
SportsBusiness Daily
MLB Teams Discuss Entertainment Group
July 30, 2008 :
SportsBusiness Daily
Attendance Drops For A's, Giants
June 11, 2008 :
SportsBusiness Daily
MLB Giants' Magowan To Leave Mixed Legacy
May 19, 2008 :
SportsBusiness Daily
|
N.Y. Pressed Yankees For Free Luxury Suite
December 1, 2008 :
SportsBusiness Daily
Blue Jays To Stay Out Of Free Agent Market?
December 1, 2008 :
SportsBusiness Daily
Is MLB Free Agency Hurt By The Economy?
November 26, 2008 :
SportsBusiness Daily
Mariners See First Financial Loss Since '99
November 25, 2008 :
SportsBusiness Daily
Samson Says Ballpark Delayed Until 2012
November 25, 2008 :
SportsBusiness Daily
|
|
