Pistons owner Tom Gores has reached an agreement to become a part-owner of the NFL’s Los Angeles Chargers, acquiring a 27% stake in the franchise, according to Daniel Popper of The Athletic.
The deal is now pending approval from the NFL’s other team owners, which is expected to be discussed at their next meeting.
Should the agreement be ratified, Gores will join the ownership group, though the Spanos family, which has controlled the Chargers for decades, will retain its majority share, holding 69% of the team.
Gores, a billionaire businessman who purchased the Detroit Pistons in 2011, is making his first foray into NFL ownership with this move.
His potential involvement with the Chargers highlights a growing trend of cross-sport investments among high-profile owners, who are increasingly expanding their portfolios across major U.S. sports leagues.
For the Chargers, Gores’ addition to the ownership group could provide fresh perspectives and additional resources to the franchise as it continues to establish itself in Los Angeles after relocating from San Diego in 2017.
Gores has built a reputation for his business acumen through his private equity firm, Platinum Equity, and has played a pivotal role in reshaping the Pistons franchise over the last decade.
His potential involvement with the Chargers marks a significant step in expanding his influence within the professional sports world, while also signaling his interest in the NFL’s growing global profile and economic potential.
Pistons Notes: Gores, Ivey, Duren, Holland https://t.co/tKPwbQwePv pic.twitter.com/s0CbxGij5X
— Hoops Rumors (@HoopsRumors) September 30, 2024
