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Colangelo steps down as Raptors president
Posted By HOOPSWORLD On June 26, 2013 @ 6:56 pm In Wirenews | Comments Disabled
by USA TODAY Sports, USA TODAY
The Toronto Raptors announced Wednesday that Bryan Colangelo has stepped down from his position and will become a consultant for the team and Maple Leaf Sports & Entertainment.
“Having had a better chance to reflect on things for the past several weeks, I have concluded that stepping away from my position is the best course of action for the organization and everyone involved,” Colangelo said in a statement.
Colangelo, who was president of team and business operations, joined the organization in February of 2006 as president and general manager.
“I would like to personally thank Larry Tanenbaum, Dale Lastman, MLSE’s ownership and family and the wonderful people of Toronto for the opportunity to serve them over the last seven years,” Colangelo said. “The support, kindness and adulation that has been displayed to me and my family has been overwhelming, and our friendships and experiences will last a lifetime.”
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