Press conference concerning ownership and leadership

[Spider John]

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[CardsofSTL]

Old Bill officially giving the keys to Younger Bill would be my guess.

[dmarx114]

Interesting.

[jagtrader]

Cutting payroll from $48 million.

[Radbird]

Is Kroenke in town?

[CardsofSTL]

If I was responsible for this relief corps I would sell too.

[TGantz]

My guess is also that Jr is officially passing the reigns to BDWIII.

Chaim and Anuk will get more baseball responsibility because BDWIII is more concerned with the business side.

Boring...

[jagtrader]

Maybe Stefan Caray can interview Bill Dewitt (whatever number they’re up to) about this change.

[cardsfantx]

I don't know why this needs to be done/announced now? seems silly timing/not needed? I guess III wanted a shiny new title to show off...

In the most significant change atop the Cardinals' masthead since the current ownership group purchased the team, club president Bill DeWitt III will ascend to the role overseeing both the baseball and business operations of the club.

Anuk Karunaratne will be promoted to club president, overseeing the business aspects of the club and all initiatives away from the field.

He and Chaim Bloom, the presidents over baseball and business operations, respectively, will report to DeWitt III, whose new title will be Chief Executive Officer, or CEO of the Cardinals.

The promotions are set to be announced Wednesday afternoon during a press conference at Busch Stadium attended by the Cardinals' four most prominent and public-facing executives: DeWitt III, Karunaratne, president of baseball operations Bloom, and longtime chairman Bill DeWitt Jr.

As part of Wednesday's announcement, DeWitt Jr. will remain as chairman of the team and its principal owner.
He will still be involved in "significant" business and baseball decisions, the team said.

[heyzeus]

I am excite