Magowan ready to exit Giants
Magowan, 66, left the baseball owners' meetings in Milwaukee early and plans to make the announcement at a meeting of the Giants' ownership partners Friday. Magowan is expected to sell some or all of his shares in the team, according to people familiar with the arrangement.
Magowan will always be seen as the man who saved baseball for San Francisco after the previous owner
While Magowan also led the Giants to their most successful run in their time in the Bay Area, he has come under significant fire in the past couple years from his Giants partners for spending liberally and failing to deliver a winner. The Giants' over-reliance on aging former stars and liberal free-agent contracts have failed to lift the club from the basement the past couple years. Magowan has been a big backer of general manager
One of Magowan's first acts in charge was bringing Barry Bonds back home to the Bay Area with a $43.75 million deal before the 1993 season. Originally seen as a brilliant move that helped establish the Giants as a perennial power in the NL West, Magowan has received criticism in recent years for trying to defend Bonds. He wrote a memorably apologetic letter to Giants season ticket holders for re-signing Bonds for the 2007 season, when Bonds broke
Giants leadership was cited unflatteringly in the Mitchell Report for failing to report suspicion of Bonds' steroid usage, and it is believed that commissioner