BREAKING: Reserve Chairman Exiled, Commissioner Resigns in Wake of Coup

Weeks of demonstrations forced El-Beni to act

The protest dog was immediately signed by Jay-Z's agency

PSAS Reserve Chairman Hermodorus has been forced to flee the polis by a military coup following weeks of demonstrations.  Early indications have placed the exiled Chairman near the West coast in a desolate mountainous region.  Although no formal announcement has been made, it is believed that the San Francisco Ferries will offer Hermodorus asylum in the Sierra Nevada riverlands.

An artists impression of the wild lands

Banks react to the coup

An address on state television by Grossman Sachs general El-Beni indicated that Chairman Hermodorus had acted against democratic principles by becoming a preeminent above his fellow citizens - a man apart.  The Reserve Chairman was widely assumed to have been the force behind the King's County Club, the oligarchy fronted by Commissioner Arbiter. Hermodorus' absence made immediate waves as the commissioner agreed to step down in lieu of exile.  In his first dictates from the Commissioner's office the Grossman Sachs general dissolved the unpopular "secret keeper" league, planned by the previous administration, and called for an auction draft within five weeks.  In addition his statement hinted that new teams may be enfranchised for the first time in years.
 

An undated dispatch of the exiled Hermodorus

Ephesian fluxists celebrated  the military's broadcast with riotous  bacchanals , while Eleatic hardliners remained locked in their traditional strongholds.  "The Ephesians should go hang themselves" one loyalist quipped along the barricades "and leave their city to boys, for they banished Hermodorus, first among them."

What the so called Ionian Summer portends for the economy of the PSAS remains to be seen.  El-Beni promises a return to a so-called banker-byte economy, but early details are sketchy at best.