The Giants announce that the team has been sold to a group of Tampa Bay investors for a reported $110 million an the team will move to St. Petersburg for 1993. The move will be blocked by other investors.

On August 7, 1992 — The Giants announce that the team has been sold to a group of Tampa Bay investors for a reported $110 million an the team will move to St. Petersburg for 1993. The move will be blocked by other investors.

Source:
Baseball Reference August 7
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