BREAKING: Tampa Bay Rays presidents Matt Silverman and Brian Auld will step down as the franchise prepares for a significant ownership change. This development was confirmed just moments ago as part of the pending sale of the team, valued at $1.7 billion, to a new ownership group led by Patrick Zalupski.
The Rays announced that the sale could close within the next two weeks, pending final approvals. Fans can expect more details about the new ownership and the sale process once the transaction is finalized.
Owner Stu Sternberg, who has held control of the club since 2005, has been negotiating this pivotal sale. Silverman, who is in his 22nd season with the Rays, has served as team president since his promotion in October 2005, making history at just 29 years old. Auld, also transitioning from his role, has been with the franchise for 21 seasons and will remain as a senior adviser during the ownership transition.
While Silverman will not have a formal role post-sale, he will serve on an executive advisory board established by the new ownership group, representing Sternberg and his partners.
In his parting remarks, Silverman expressed pride in how the Rays have become a vital part of the region, stating,
“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 emphasized the emotional connection fans have developed, with children who grew up attending games now bringing their own families.
This leadership change marks a significant moment in the history of the Rays, as the franchise looks to forge a new path under new ownership. Fans and stakeholders will be watching closely as the sale progresses.
Stay tuned for the latest updates on this unfolding story and what it means for the future of Rays baseball in St. Petersburg.