Tom Gores Buys 27% Stake in Chargers

Tom Gores has successfully acquired a 27% stake in the Los Angeles Chargers, a move approved by NFL team owners during fall meetings in Atlanta. Gores purchased a 24% share from Dea Spanos Berberian, including 9% from a family trust, along with 1% each from Dean Spanos, Alexis Spanos Ruhl, and Michael Spanos for estate planning. Despite owning a significant stake, Gores will not be involved in the team's daily operations or have a pathway to control, as the Spanos family retains 69% ownership. This acquisition marks the end of a contentious three-year dispute among the Spanos family regarding the franchise's future. Gores, who is also the owner of the NBA's Detroit Pistons, expressed his commitment to competing for championships with the Chargers. His entry into the Chargers ownership group raises questions about future ownership dynamics, given his substantial minority stake.