Giants add power to ownership lineup

March 22, 2002
Three new members of the San Francisco Giants ownership group are pumping new money into the franchise.
Outgoing Yahoo Inc. President Jeff Mallett bought into San Francisco Baseball Associates L.P. earlier this month, Giants officials said. He follows former Charles Schwab Corp. Vice Chairman Lawrence Stupski and Cisco Systems Senior Vice President Dan Scheinman, who joined last season.
Mallett, Stupski and Scheinman collectively own less than 10 percent of the Giants, but as new investors, represent an increase in capital available to the team. That could prove valuable to a franchise that this year expects to post a loss as player payroll and other expenses escalate, but Chief Operating Officer Larry Baer said the Giants don't plan to use the new money for immediate operating expenses.