Private equity mogul Tom Gores purchased a 27 percent stake of the Los Angeles Chargers from the Spanos Family, the NFL confirmed on Thursday. Owners voted in favor of the transaction to bring to a close a years-long tiff between siblings.
Tom Gores, the owner of the NBA’s Detroit Pistons has a deal in place to buy a 27% stake in the Los Angeles Chargers. While the exact dollar figure of the deal is not yet known, Forbes estimates the value of the Chargers at $5.1 billion in 2024, making 27% of the franchise worth around $1.3 billion.
Detroit Pistons owner Tom Gores has agreed to buy a 27% stake in the Los Angeles Chargers, according to a report from ESPN on Friday. This deal includes 24% owned by Dea Spanos Berberian and 1% each from her three siblings, Dean, Michael, and Alexis Spanos Ruhl.
The Los Angeles Chargers have named two new members to the team's Hall of Fame — former owners Alex and Faye Spanos. The late Alex Spanos, father of current Chargers' owner Dean Spanos, originally purchased the team back in 1984.
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LA Chargers fans had a shared disdain for the team's ownership prior to the 2024 offseason. However, the Bolts then went out and hired Jim Harbaugh before opening a brand-new state-of-the-art training facility to completely squash the "cheap" allegations.
It was 25 years ago that the Los Angeles Chargers played a bit further south. Fans in that not-to-be-named city had to deal with an owner in Alex Spanos who was leading an absolute laughingstock of an organization.