Former Giants executive Peter Magowan died Sunday afternoon in hospice care, his wife Debby Magowan told the San Francisco Chronicle. He was 76 years old.
Magowan, along with Larry Baer, led a group of local investors who purchsed the team from Bob Lurie in 1992. He was San Francisco's managing general partner until stepping down from the position in 2008. The Giants signed free-agent outfielder Barry Bonds to a record-setting contract in the first offseason under his group, and later built what is now known as Oracle Park using private funding.
“Peter was a rare combination in life of a close friend and mentor,” Baer, the Giants' President and CEO, told the Chronicle in a statement.