Diversification operation in Tom Gores' sports investments. Several Americans, including ESPNreport that the owner of the Pistons is preparing to buy a stake in the Los Angeles Chargers, the American football team (NFL).
Gores reportedly entered into an agreement to purchase 27% of the California franchise, which includes the 24% owned by Dea Spanos Berberian and 1% owned by the three other Spanos descendants, Dean, Michael and Alexis Spanos Ruhl. The deal will need to be approved by the league's owners, possibly next month.
This sale would end a tumultuous few years for the Spanos family. Berberian has brought numerous legal actions since 2021 (in particular, she questioned the behavior “ misogynist » from his brother Dean), including one that aimed to force the sale of the Chargers. As part of the agreement, however, Berberian reportedly agreed to drop his lawsuits against the Chargers and Dean Spanos.
The late Alex Spanos – when he died, his four children received a share – bought his stake in the Chargers from Gene Klein for $72 million in 1984. According to the latest Forbes reviewthe franchise is valued at $5.1 billion, an increase of 23% in one year.
This is the second sports franchise Gores has a stake in following his 2011 purchase of the Pistons, which he made with his private equity firm, Platinum Equity. In 2015, he became a full owner of the NBA franchise.
