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Longtime San Francisco Giants Owner Has Passed Away

A game between the Dodgers and the Giants.

SAN FRANCISCO, CA - APRIL 27: A general view during the Los Angeles Dodgers and the San Francisco Giants at AT&T Park on April 27, 2017 in San Francisco, California. (Photo by Ezra Shaw/Getty Images)

A longtime Major League Baseball owner has passed away at the age of 76.

Peter A. Magowan, the longtime owner of the San Francisco Giants - and the key figure in keeping the franchise in the Bay Area - died on Sunday.

The Giants announced the tragic news on Twitter.

"It is with deep sadness that we share the news that former #SFGiants President and Managing General Partner Peter Magowan passed away today, surrounded by his loving family," they announced.

The Giants' current owner, Larry Baer, released the following statement:

“The Giants family, the entire Bay Area and the game of baseball lost a man whose passion and loyalty to his favorite team and beloved community made it possible...to experience the magic of Giants baseball in San Francisco forever.”

The MLB released the following statement regarding his ownership:

Magowan, chairman and CEO of the Safeway supermarket chain from 1979-93, organized a group of San Francisco-area investors in 1992 to buy the team from Bob Lurie after a group based in Tampa-St. Petersburg reached an agreement in principle to purchase the franchise and move it there. History helped motivate Magowan. He grew up rooting for the Giants in their previous home, New York, and experienced the heartbreak of losing them when the club relocated to San Francisco in 1958. He became a member of the team's board of directors after its move West.

On Tuesday, Nov. 10, 1992, National League owners voted 9-4 to reject the Florida deal, handing the team to Magowan and his consortium.

"The National League today disapproved the relocation of the San Francisco Giants to Tampa-St. Petersburg," said Bud Selig, then chairman of baseball's executive council. "In doing so, the league reaffirmed baseball's long-established preference for the stability of its franchises."

Magowan became the Giants' managing general partner and, along with Baer, launched efforts to build a stadium that would replace Candlestick Park, which fans avoided by the thousands due to its decay and the chilly conditions surrounding the area. That, they knew, was essential to the franchise's survival in San Francisco.

Rest in peace, Peter.