Rytas. On 21 June, the new owners organised a meeting, during which the first changes were announced. The public institution Krepšinio rytas was renamed to Statyba to honour the historical Statyba Vilnius, Darius Gudelis replaced Martynas Purlys as the club's director, and it was decided that the club's name Lietuvos rytas would be changed within a year with the most likely, but not yet final, choice being Rytas. Guoga also told the media it was very likely that at least two Lithuanian basketball stars will participate on the team, in addition to Jonas Valančiūnas, Linas Kleiza and Arvydas Macijauskas. On 4 July, Gudelis announced that former assistant coach Alberto Blanco and Linas Kleiza were joining the club. Their first task was to assist Rimas Kurtinaitis to bring together a new team roster. On 13 July, a press conference was held during which it was announced that Kleiza had also become a shareholder of the club buying part of the Guoga's stake. He was named vice-president of the club and would act as sports director. Limited liability company Norvelita and Perlas also became shareholders of the club. Despite positive changes in the club, rifts between the new owners started to emerge after it announced a sponsorship agreement with Lithuanian business consortium MG Baltic. Club president Antanas Guoga condemned the partnership and demanded an annulment of it and the resignation of CEO Darius Gudelis. Despite his wishes the other shareholders decided against these actions and openly questioned Guoga's financial commitment to the club. Finally on 24 October, the club announced that Guoga had sold his share in the club to Gudelis and had written off €300,000 that he had previously loaned the club. On 9 October 2018, however, it was revealed Guoga was still the team's president. Gudelis resigned on 15 November, after a controversy involving Blanco. Executive director Julius Serapinas was named as his replacement. On 7 June 2019, Serapinas was replaced by former Rytas player Rolandas Jarutis. Kleiza left the team in February 2020, after a falling out with Jarutis. 2017–18: Comeback On 14 June 2017, it was announced that Rytas had received a wild card to the 2017–18 EuroCup season. On 17 June, Rytas signed with first addition to the club for the upcoming season, former Lietkabelis leader Ben Madgen. Rimas Kurtinaitis remained as head coach. On 11 July, famous Lithuanian masseur Juozas Petkevičius returned to the team. After