Some huge news out of Philly on Thursday. 

Paul Holmgren has been removed from the Team President position. 

However it doesn't mean he's gone from Philly as he'll actually take on a Senior Advisor role to Dave Scott. 

Flyers general manager Chuck Fletcher will now become President of Hockey Operations and General Manager of the Flyers. 

"It's been an honor to serve this franchise in many different roles throughout my life and I look forward to this next chapter," said Holmgren. "I approached Dave about my idea to step aside to spend more time with my family. I have complete confidence in Chuck in his new role, leading the Flyers to great things. The Flyers have given so much to me and my family over the years, and I have forged life-long friendships with the many players, coaches, employees and fans who have helped me make Philadelphia home for over 40 years. I would like to thank Dave and Chuck for their efforts to lead this franchise into a bright future and for their continued confidence in me as I take on this new role."

Musical chairs?