Here is Jed York’s memo to 49ers employees following the demotion of team president Paraag Marathe, courtesy of the 49ers’ P.R. department:
By now I am sure most of you have seen reports of some transition in our front office, and I apologize that we were unable to communicate with you directly prior to certain information reaching the media. Our original intent was to formalize the transition following the Super Bowl.
As many of you may have seen in recent months, Paraag and Al’s roles within the organization have been evolving.
In addition to his longstanding responsibilities in football operations as the team’s chief contract negotiator and head of our analytics department, Paraag has chosen to take a leadership role in the organization’s new ventures efforts. As you know, Paraag has been the lead in our partnership with the Sacramento Republic FC soccer team and was instrumental in developing and launching VenueNext. We anticipate great things to come from our new ventures wing as it continues to grow.
With Paraag focusing so much time and energy on new business opportunities, Al has taken the lead on the day-to-day business operations of the team and Levi’s® Stadium.
Despite how some have chosen to portray this transition in the media, I want you to know that Paraag has been and will continue to be an instrumental member of this organization. Without his contributions over the last 15 years, the successes achieved by this organization would not have been possible.