Los Angeles Chargers Selling Portion of Team to Private Equity Firm

Los Angeles Chargers selling portion of team to private equity firm

There may be some new faces in the owners' suites at SoFi Stadium this fall. The Los Angeles Chargers are looking to sell an 8% stake in the team to Arctos, a private investment firm, the Los Angeles Times reports. The sale, which would reduce the Spanos family's stake to about 61%, will be voted on at next week's Spring League Meeting in Minnesota. Detroit Pistons owners Tom and Holly Gores bought a 27% stake in the team last year, though as NF…

Chargers seeking NFL approval to sell an 8% stake in the franchise

Chargers owner Dean Spanos is seeking approval from NFL owners to sell an 8% stake in the team to a private investment firm.

49ers, Chargers Requesting Approval On Sales Of Minority Stakes

Yet two more NFL teams are on the brink of selling a minority ownership stake to a private equity firm. According to Daniel Popper of The Athletic, the Chargers have requested approval to sell an eight-percent stake in their franchise to private investment firm Arctos. Meanwhile, the 49ers are making three deals with Bay Area families worth a total of six percent of the franchise (per ESPN’s Nick Wagoner). Both sales are pending approval during …