Gores Buys 27% Stake in Chargers

Detroit Pistons owner Tom Gores has agreed to purchase a 27% stake in the Los Angeles Chargers, buying out Dea Spanos Berberian's 24% share and 1% each from her three siblings, Dean, Michael, and Alexis Spanos Ruhl. This deal, set to be approved at the NFL's owners' meeting next month, will resolve ongoing legal disputes within the Spanos family. Despite acquiring a significant portion, Gores will have no control or day-to-day involvement in the team. The purchase price remains undisclosed, but the Chargers are valued around $5.38 billion. Gores' acquisition marks his expansion into NFL ownership, adding to his portfolio that includes full ownership of the Pistons since 2015.