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The club's previous majority shareholderJames Pallotta, the chairman of Boston-based Raptor Capital Management, originally purchased the club in 2011 alongsideThomas R. DiBenedetto, Michael Ruane and Richard D'Amore.
Palotta has officially resigned from his position on the board of directors alongside Charlotte Beers, Richard D'Amore, Gregory Martin, Paul Edgerly, Cameron Neely and Barry Sternlicht from the Board of Directors.