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Section 415 · Yesterday · 27 min

Who really owns the Giants?

The San Francisco Giants were supposed to move to Florida. That was the expectation in 1992, when owner Bob Lurie agreed to sell the team to a group that planned to relocate it to St. Petersburg. National League owners voted 9-4 to reject the sale, and 18 San Francisco-area investors stepped in with a $100 million bid to buy the Giants. The Giants haven’t changed hands since then, but the ownership group looks dramatically different now than it did when the sale was completed in 1993. On the “Section 415” podcast, John Shea joins host Kerry Crowley to discuss how ownership has evolved, which individuals hold the most power, and how an influx of money in recent years has changed the franchise. 00:00 Intro 01:31 Meet David Jenkins, the Giants' colorful top shareholder 03:42 The near-move to Tampa & genesis of the Giants' ownership circle 07:42 Why did John Shea pursue a story about ownership? 13:59 The new private equity owners v. "old money" owners 19:46 Larry Baer, Peter Magowan, and building a winner Learn more about your ad choices. Visit megaphone.fm/adchoices

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show notes

The San Francisco Giants were supposed to move to Florida. That was the expectation in 1992, when owner Bob Lurie agreed to sell the team to a group that planned to relocate it to St. Petersburg. National League owners voted 9-4 to reject the sale, and 18 San Francisco-area investors stepped in with a $100 million bid to buy the Giants. The Giants haven’t changed hands since then, but the ownership group looks dramatically different now than it did when the sale was completed in 1993.
On the “Section 415” podcast, John Shea joins host Kerry Crowley to discuss how ownership has evolved, which individuals hold the most power, and how an influx of money in recent years has changed the franchise.


00:00 Intro 01:31 Meet David Jenkins, the Giants' colorful top shareholder 03:42 The near-move to Tampa & genesis of the Giants' ownership circle 07:42 Why did John Shea pursue a story about ownership? 13:59 The new private equity owners v. "old money" owners 19:46 Larry Baer, Peter Magowan, and building a winner

Learn more about your ad choices. Visit megaphone.fm/adchoices

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