LA Chargers owner Dean Spanos is not very popular among the fan base. Spanos was already on thin ice and it was amplified when he decided to move the team to Los Angeles. Ever since the move from San Diego, a large portion of the fan base has called for the Spanos family to sell the team. Spanos has recouped some equity with the fanbase in recent years by shelling out cash to hire Jim Harbaugh and building a state-of-the-art training facility to help current players and lure in new talent. Spanos is looking to cash in on that fanbase equity with some actual equity in the team. The Chargers have requested permission to sell an 8% stake in the club to investment firm Arctos, per Daniel Popper of The Athletic. The Spanos family would retain control of the Chargers with a 61% stake. Does this guarantee the Spanos family will sell the Chargers anytime soon? Not at all. If anything, this should be viewed as a pure business decision with the Spanos family looking to receive some capital for a share of the team. For
This article first appeared on Bolt Beat and was syndicated with permission.