Tom Gores' purchase of a 27% stake in the Los Angeles Chargers is approved by NFL team owners

Phoenix Suns owner Mat Ishbia, left, meets with Detroit Pistons owner Tom Gores before the NBA preseason basketball game, Tuesday, Oct. 8, 2024, in East Lansing, Mich.

Phoenix Suns owner Mat Ishbia, left, meets with Detroit Pistons owner Tom Gores before the NBA preseason basketball game, Tuesday, Oct. 8, 2024, in East Lansing, Mich. (AP Photo/Carlos Osorio)


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Tom Gores' purchase of a 27% stake in the Los Angeles Chargers was approved by NFL team owners on Tuesday during the league's fall meetings in Atlanta. Gores, who also owns the NBA's Detroit Pistons, bought the 24% share held by Dea Spanos Berberian, which includes 9% that is in a family trust that has a 36% stake in the team. He also purchased 1% each from shares owned by Dean Spanos, Alexis Spanos Ruhl and Michael Spanos for estate planning purposes. Despite having more than a one-quarter stake, Gores will not have a role in the Chargers' daily business or a path to a controlling stake. The Spanos family owns 69% with 4% controlled by legacy owners from the franchise's early days in San Diego.

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