Colangelo remains with team as President
TORONTO, May 21, 2013 /CNW/ - Maple Leaf Sports and Entertainment
President and CEO Tim Leiweke announced Tuesday that he has revamped
the senior leadership of the Toronto Raptors in preparation for next
season. Bryan Colangelo has had his contract extended as the team's
President and will report directly to Mr. Leiweke. The club has also
created a new position of General Manager that will have final
authority on all basketball-related decisions. At this time, with input
from Colangelo, Leiweke is conducting a search to identify candidates
and expects to name the new GM in the next 30 days.
"After thorough evaluation and considering all the options, we have
concluded that these changes will be in the best interest of the
organization," said Leiweke. "By splitting the roles and having both
men report directly to me, we are adding depth to the basketball
operations group and giving the Toronto Raptors the best chance of
competing for championships in the future. The new GM will inherit a
great situation in Toronto, as all of my due diligence around the
League indicates that we have a fine, young core and a few key moves
will make us a playoff contender next season."
While the General Manager will have autonomy over basketball decisions,
Colangelo will continue to advise Leiweke on basketball-related matters
while also broadening his involvement with the business side of the
franchise. "The future of this team and this organization excites me
more than ever, and I am looking forward to being part of our future
success," said Colangelo. "I will add whatever is necessary to help
improve our basketball team while also expanding my efforts to increase
brand awareness and influence growth of the game across this great
"Bryan is skilled, knowledgeable and respected across the NBA and will
be a resource that we count on to help build the Raptors into Canada's
team," said Leiweke.
MLSE also announced that Leiweke would move up his official start date
from July 1 to June 3 at the suggestion of the Board.
SOURCE: Maple Leaf Sports & Entertainment Ltd.
For further information:
Jim LaBumbard, Director, Media Relations, Raptors, (416) 815-5423
Jamie Deans, Manager, Corporate Communications, MLSE, (416) 815-5445