Tom Gores, the owner of the Detroit Pistons, is set to purchase a 27 percent stake in the Los Angeles Chargers. This deal is seen as a way to resolve past disputes between the Spanos family, who are majority owners of the team, including Dea Spanos Berberian, the sister of controlling owner Dean Spanos. Despite owning a significant portion of the team, Gores will not have any control or involvement in day-to-day operations. The specific dollar amount of the purchase has not been disclosed, but most NFL teams are valued in the range of eight to 10 billion dollars.
The purchase from Tom Gores is expected to be approved by NFL owners at their upcoming quarterly meeting. While Gores will own a significant portion of the Chargers, it is unclear whether Dean Spanos will ever choose to sell his majority stake in the team. The team has faced criticism from fans since moving from San Diego to Los Angeles, but recent changes, such as the hiring of new head coach Jim Harbaugh and the construction of a new training facility, have sparked excitement among supporters. Despite these improvements, the Chargers have struggled on the field under former head coach Brandon Staley.
Tom Gores, who is primarily known for his ownership of the Detroit Pistons, is also involved in other sports ventures, such as purchasing minority stakes in professional sports teams. The deal to purchase a portion of the Los Angeles Chargers is seen as a strategic move to resolve internal disputes within the team’s ownership group. This purchase is part of a trend where billionaires, who are often the main shareholders of NFL teams, seek to expand their sports portfolio by investing in other teams outside of their main sport.
The involvement of Tom Gores in the Los Angeles Chargers ownership group marks a significant development in the ongoing saga of the team’s ownership. Gores’ purchase of a 27 percent stake is expected to have a positive impact on the team and its operations, as it helps to alleviate tensions within the Spanos family. The deal is on track to be finalized pending approval from NFL owners, which is expected to take place at their next meeting. Despite Gores not having any decision-making power, his investment in the team is likely to yield benefits in the long run.
Overall, the purchase of a 27 percent stake in the Los Angeles Chargers by Tom Gores is a notable move that reflects the increasing involvement of billionaires in professional sports ownership. The deal is set to resolve internal conflicts within the Chargers ownership group and could potentially lead to positive changes for the team. As the NFL continues to evolve and attract investments from wealthy individuals like Gores, it will be interesting to see how these ownership structures influence the league’s future dynamics. Fans of the Chargers can look forward to the potential benefits that Gores’ investment may bring to the team in the seasons to come.
