Posted on Oct 15

Tom Gores joins Chargers ownership group, respects the Spanos family's legacy

u/alex • 3m

Tom Gores, owner of the NBA's Detroit Pistons, has acquired a 27% stake in the Los Angeles Chargers, purchasing shares previously held by Dea Spanos Berberian and other members of the Spanos family.

Why it matters: Gores' purchase brings changes to the Chargers ownership structure and resolves a three-year dispute within the Spanos family.

The details:

Gores bought a 24% share, including 9% from a family trust and smaller percentages from Dean Spanos, Alexis Spanos Ruhl, and Michael Spanos.
Despite his significant stake, Gores will not have involvement in the team's daily operations or hold a controlling interest.
The Spanos family retains ownership of 69% of the team, with an additional 4% held by legacy owners from the franchise's San Diego era.

What's new: Gores' acquisition marks his entrance into the NFL ownership group, expanding his sports portfolio beyond the NBA.

Yes, but: While Gores' involvement signals a change in ownership dynamics, the Spanos family remains in control of the Chargers.

Quotes:

Tom Gores on joining the Chargers ownership group: "It's a privilege to join the Chargers ownership group and become part of the NFL."
The Spanos family in a statement: "This ensures that the franchise will remain permanently under the control of Dean Spanos and his siblings."

Our thought bubble: Gores' investment provides financial stability and potential future collaboration between the Pistons and Chargers, given his status as an experienced sports franchise owner.

The bottom line: With the dispute settled and Gores on board, the Chargers can focus on their on-field performance, while the Spanos family maintains long-term control over the franchise.

#chargers #nfl

Tom Gores joins Chargers ownership group, respects the Spanos family's legacy

Tom Gores, owner of the NBA's Detroit Pistons, has acquired a 27% stake in the Los Angeles Chargers, purchasing shares previously held by Dea Spanos Berberian and other members of the Spanos family.

Why it matters: Gores' purchase brings changes to the Chargers ownership structure and resolves a three-year dispute within the Spanos family.

The details:

Gores bought a 24% share, including 9% from a family trust and smaller percentages from Dean Spanos, Alexis Spanos Ruhl, and Michael Spanos.

Despite his significant stake, Gores will not have involvement in the team's daily operations or hold a controlling interest.

The Spanos family retains ownership of 69% of the team, with an additional 4% held by legacy owners from the franchise's San Diego era.

What's new: Gores' acquisition marks his entrance into the NFL ownership group, expanding his sports portfolio beyond the NBA.

Yes, but: While Gores' involvement signals a change in ownership dynamics, the Spanos family remains in control of the Chargers.

Quotes:

Tom Gores on joining the Chargers ownership group: "It's a privilege to join the Chargers ownership group and become part of the NFL."

The Spanos family in a statement: "This ensures that the franchise will remain permanently under the control of Dean Spanos and his siblings."

Our thought bubble: Gores' investment provides financial stability and potential future collaboration between the Pistons and Chargers, given his status as an experienced sports franchise owner.

The bottom line: With the dispute settled and Gores on board, the Chargers can focus on their on-field performance, while the Spanos family maintains long-term control over the franchise.