ST. PETERSBURG -- The Tampa Bay Rays have announced that Presidents Matt Silverman and Brian Auld have chosen to step down from their roles in connection with the franchise’s sale, which is expected to close within the next two weeks pending final approvals.

Upon closing of the transaction, Silverman will conclude his tenure with the organization after more than two decades of service. While he will not have a formal role with the club moving forward, he will represent current principal owner Stuart Sternberg and his partners on an executive advisory board being established by the new ownership group.

Auld has also elected to step down as president but will remain with the Rays as a senior advisor to ownership and the leadership team during the transition and beyond.

Silverman reflected

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