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Tampa Bay Rays Presidents Step Down Amid $1.7 Billion Sale

UPDATE: In a significant development, Tampa Bay Rays presidents Matt Silverman and Brian Auld will step down from their positions as the team prepares for a potential sale to new ownership. The franchise announced on Wednesday that these changes are directly tied to the ongoing sale process, which could conclude within the next two weeks pending final approvals.

This urgent news comes as the Rays’ current owner, Stu Sternberg, who has led the team since 2005, negotiates the sale to a group led by Patrick Zalupski. The team stated they would provide further updates on the sale and the incoming ownership group after the transaction is finalized.

Silverman, who is wrapping up his 22nd season with the Rays and his 17th as team president, expressed pride in the franchise’s impact on the community. He was first promoted to team president in October 2005 at the age of 29. Meanwhile, Auld, in his 21st season with the franchise and 11th as team president, will transition to a role as a senior adviser to the new ownership team.

Silverman noted, “What makes me proudest is seeing how the Rays have become woven into the region’s identity, with a true generational fan base taking shape.” He highlighted how children who once attended games are now bringing their own families, emphasizing the lasting connection between the team and the community.

This transition marks a pivotal moment for the Rays as they prepare for new leadership. As the sale progresses, fans and stakeholders are eagerly awaiting how these changes will shape the future of the franchise. The Rays, based in St. Petersburg, Florida, have been a beloved part of the local sports landscape, and this sale could signal a new chapter in their history.

Stay tuned for more updates as this story develops and the sale approaches completion. The implications of this leadership shift are significant, not only for the team but also for the dedicated fanbase that has supported the Rays throughout the years.

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