The San Francisco Giants are sold to businessmen Bob Lurie and Bud Herseth for an estimated $8 million

On March 4, 1976 — The Giants, due to the intervention of San Francisco mayor George Moscone, will stay in the City by the Bay. In a last-minute deal, the Stoneham family sells the team to Bob Lurie and Bud Herseth for $8 million instead of the Labbat’s Brewery, which had planned to move the Giants to Canada. Lurie promises to keep the Giants in the Bay Area despite dwindling attendance.

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