January 9, 1976 – The San Francisco Giants announce the franchise has been sold to a group of investors in Toronto for $13.3 million. San Francisco mayor George Moscone obtains a preliminary injunction to prevent the impending move and behind the scenes the Dodgers and other MLB owners discuss how to keep the Giants in San Francisco. The team eventually is purchased by real estate developer Bob Lurie and a group of investors for $8 million on March 2, 1976. The American League later awarded expansion teams to Toronto and Seattle. In October 1992, Lurie announced he was going to sell the Giants to a group in St. Petersburg, FL, but the N.L. nixed the deal and Lurie sold the Giants to S.F. investors, preserving a Dodgers-Giants geographical rivalry dating back to the 1880s.