Gores, who also owns the Los Angeles-base Platinum Equity firm, is dipping his toe into the NFL with a deal which must still get the approval of the other owners.
Tom Gores, the owner of the Detroit Pistons, has purchased a 27 percent share of the Los Angeles Chargers, according to various reports.
The team’s majority owners, the Spanos family, have been haggling for a period of time over the team’s financial direction.
The late Alex Spanos purchased his interest in the Chargers from Gene Klein for $72 million in 1984. Forbes’ latest valuation of the franchise is $5.1 billion, which is up 23 percent over a year.
When Spanos died in 1984 each of his four children were awarded 15 percent of the franchise, with the remainder, save 3 percent owned by the Pernicano family, going into the Spanos family trust.
