By Kevin Kinkead

PHILADELPHIA (CBS) — Sources tell CBS 3 that team CEO and Operating Partner Nick Sakiewicz will be removed from his duties on Friday morning.

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According to those close to the situation, team majority owner Jay Sugarman is scheduled to be in Philadelphia on Friday. He has reportedly called a mandatory staff meeting in the morning.

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The news comes on the heels of Philadelphia’s penalty shootout loss in Wednesday’s U.S. Open Cup final. The Union drew 1-1 with Sporting Kansas City but fell short, 7-6, in the shootout. It was the second straight year the Union has lost in the final of the competition at PPL Park.

Sakiewicz owns a stake in the Philadelphia Union, so his share would reportedly need to be bought out by Sugarman. Sugarman attended Wednesday night’s U.S. Open Cup final in a private helicopter, which he landed on the Union’s practice fields at PPL Park.

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Sakiewicz had been with the Union since the team’s inception in 2008.