Detroit Pistons owner Tom Gores has agreed to purchase a 27 percent stake in the Los Angeles Chargers, two people with knowledge of the deal revealed on Friday.
The two insiders spoke with AP on condition of anonymity as the purchase has not yet been announced by the team. It is expected to be approved by NFL owners at their league meetings in Atlanta next month.
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The two insiders spoke with AP on condition of anonymity as the purchase has not yet been announced by the team. It is expected to be approved by NFL owners at their league meetings in Atlanta next month.
Detroit Pistons owner Tom Gores 'agrees to buy stake in NFL team'
Gores, 60, has a net worth of $11.8billion. In 1995, he founded Platinum Equity, which has its headquarters in Beverly Hills. And 16 years later he sealed a $325m deal to acquire the Pistons.
