Detroit Pistons owner Tom Gores has agreed to purchase a 27% stake in the Los Angeles Chargers, which includes shares from the Spanos family. This deal comes after a tumultuous period for the Spanos family, marked by lawsuits and internal disputes. Gores' investment will be personal and not part of his private equity firm, Platinum Equity, and he will not have governance rights over the team. The deal is pending approval from NFL owners at the upcoming league meetings.
- Tom Gores is set to buy a significant stake in the Chargers, marking a new chapter for the franchise.
- The sale resolves ongoing legal disputes within the Spanos family, allowing them to maintain majority control.