Billionaire Tom Gores Acquires 27% Stake in LA Chargers for $750 Million

Billionaire Tom Gores, owner of the NBA's Detroit Pistons, has made a significant investment in the NFL by purchasing a 27% stake in the Los Angeles Chargers for $750 million. This acquisition, approved by NFL team owners, resolves a longstanding family feud over the franchise's future and brings a new perspective to the Chargers' ownership group.

Gores' investment aligns with his existing sports portfolio, which includes the Pistons and a minority stake in the English Premier League's Crystal Palace. His passion for sports and dedication to winning on and off the field make him an ideal addition to the Chargers' ownership group. With a net worth of $11.8 billion, Gores' financial prowess will undoubtedly contribute to the team's success.


Gores' stake in the Chargers is substantial, but it does not come with a formal path to control the team. The Spanos family, which owns 69% of the franchise, will retain majority control. However, Gores' 27% stake is larger than any individual Spanos family member's share, positioning him as a significant influencer in the team's decision-making processes.

The NFL's ownership structure and rules impact Gores' ability to increase his stake or gain controlling interest in the future. NFL teams are required to have a minimum of 32 owners, with no single owner holding more than a 30% stake. This structure ensures that no one individual can control the team without the approval of the other owners. Gores' investment, however, allows him to play a crucial role in the Chargers' management and strategic decisions.

The resolution of the Spanos family feud and Gores' investment are expected to have a positive impact on the Chargers' long-term strategy and competitiveness. The team can now focus on winning on the field and growing its fan base, rather than being distracted by internal disputes. Gores' experience in sports ownership and his commitment to winning will undoubtedly contribute to the team's success.


Gores' investment in the Chargers also has the potential to create synergies between his Platinum Equity firm and the team's business operations. Platinum Equity specializes in acquiring and operating distressed and underperforming businesses, and the Chargers' recent struggles on the field and at the gate may present opportunities for Gores to apply his expertise.

In conclusion, Tom Gores' acquisition of a 27% stake in the LA Chargers for $750 million brings a new perspective and significant financial resources to the team. While Gores may not have a formal path to control the team, his substantial stake positions him as a key influencer in the Chargers' management and decision-making processes. The resolution of the Spanos family feud and Gores' investment are expected to have a positive impact on the team's long-term strategy and competitiveness, as well as create potential synergies between Gores' business interests and the Chargers' operations.