Pistons owner Tom Gores will buy a 27% stake in the Los Angeles Chargers, according to AP sources
Two people with knowledge of the deal told The Associated Press that Detroit Pistons owner Tom Gores has agreed to purchase a 27% stake in the Los Angeles Chargers
By JOE REEDY
Published - Sep 27, 2024, 04:03 PM ET
Last Updated - Dec 16, 2024, 06:50 PM EST
EL SEGUNDO, Calif. (AP) — Detroit Pistons owner Tom Gores has agreed to purchase a 27% stake in the Los Angeles Chargers, two people with knowledge of the deal told The Associated Press on Friday.
The people spoke on condition of anonymity because the purchase has not been announced by the team. It is expected to be approved by NFL owners at their league meetings in Atlanta next month.
Sports Business Journal first reported Gores' purchase.
Gores is buying 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 is also purchasing 1% each from shares owned by Dean Spanos, Alexis Spanos Ruhl and Michael Spanos for estate planning purposes.
