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Tom Gores' purchase of a 27% stake in the Los Angeles Chargers was approved by NFL team owners 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.
"It's a privilege to join the Chargers ownership group and become part of the NFL.