Who’s got it better than us?
A multi-billionaire who owns an NBA team and who just purchased a substantial chunk of an NFL team. (Turns out, “Nobody” is really quite catchy.)
PFT has confirmed that Detroit Pistons owner Tom Gores has sealed the deal on acquiring 27 percent of the L.A. Chargers. Now, although Tom Gores is the big cheese at Platinum Equity, he’s laying down the cash for this buy-in all on his lonesome.
No Control, No Problem
Gores won’t be steering the ship or mapping out the big plays; he won’t have any control over the day-to-day huddles or game plans within the Chargers. Think of him as a silent partner, but without the secrets.
A Family Feud Settled
He’s basically buying out Dea Spanos Berberian, the sister of current head honcho Dean Spanos. Their family squabble made headlines, even leading to several legal scuffles, but this purchase ought to put all that behind them.
What’s the Price Tag?
Now, here’s the kicker—the final price for that 27-percent share remains a well-guarded secret. Revealing that would shine a light on the team’s valuation. Some insiders whisper that NFL franchises are rolling towards a valuation between $8 billion and $10 million. The standing record for a team sale was set in 2023, when Josh Harris and his crew snapped up the Commanders for a whopping $6.05 billion.
All Eyes on the Owners’ Meeting
This buy is anticipating the league’s owners’ thumbs-up at the upcoming quarterly meeting next month. So, get your popcorn ready—big things are afoot in NFL town!
“In the NFL, things move quickly and unpredictably—just like a slick quarterback dodging a blitz,” an insider quipped. Just imagine the excitement when Gores stepped into the boardroom, inked the deal, and walked out with a significant piece of NFL action.
Final Thoughts
The acquisition of this 27-percent share hints at a broader picture, with NFL franchise values skyrocketing to new heights. Stay tuned as we await further developments and official nods at the owners’ meeting. In the ever-dramatic and unpredictable world of the NFL, one thing’s for certain: the playbook is far from closed on this epic tale!
