Detroit Pistons owner is set to purchase a sizeable stake in the Los Angeles Chargers.
Each of the 32 teams in the NFL is typically owned by billionaires who serve as the main shareholders of their respective teams. However, these owners can also buy minority stakes in teams outside of their main sports.More news: Chargers All-Pro Defender Suspended Ahead of Massive Week 4 Game vs ChiefsOne such person is the Detroit Pistons owner Tom Gores, who is set to finalize a deal that will see him purchase a 27 percent stake in the Los Angeles Chargers.
The move resolves a protracted Spanos family dispute that resulted in multiple pieces of litigation.'What makes this purchase a bit surprising is that Gores will have no say in any sort of decisions, though he is set to own more than a quarter of the team. However, he is sure to benefit from buying into a professional football team.
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