NFL team, the Chargers, are seeking official permission to sell an 8% share of their ownership.
The Chargers are about to get a bit more cash-flush, with private investment firm Arctos eyeing an 8% slice of the franchise, subject to approval at the upcoming NFL team owners meetings.
According to a sneaky insider who doesn't have the green light to spill the beans publicly, a memo outlining the deal has been circulated amongst the bigwigs.
If all goes well, Chargers owner Dean Spanos and his siblings, Michael Spanos and Alexis Spanos Ruhl, will still dominate with close to 61% of the franchise.
The drama unfolds at the NFL spring meeting, scheduled for Tuesday and Wednesday in Eagan, Minn.
You might know the Chargers' social media team for their fan-engaging prowess, especially come schedule release time, dubbed the 'Super Bowl' of their calendar.
Recent happenings in Chargers land include a significant stake purchase by Detroit Pistons owner Tom Gores. He snapped up a whopping 27% back in September, finally settling a long-running feud between Dean Spanos Berberian and her kin.
Recent player surveys ranked the Chargers' ownership excellent, with a fifth-place finish out of 32 teams. Quite the climb from the previous year's ranking that relegated them to a dismal 24th position.
Green thumbs can thank the team's swank new $250-million facility in El Segundo for the upgrade, along with the recruiting of coach Jim Harbaugh, who racked up an 11-6 regular season record in his first year.
The team kicked off free agency with a bulky wad of cash, second only to the NFL's top salary-cap space, according to Overthecap.com. Despite that advantage, their offseason signings consisted mainly of modest moves, with the biggest deal going to Mekhi Becton. He snagged a two-year contract worth $20 million after winning the Super Bowl with the Philadelphia Eagles.
- The potential 8% investment in the Chargers from Arctos could see Los Angeles football aficionados looking forward to more American-football entertainment in California.
- Despite Arctos' looming investment, Chargers owner Dean Spanos, along with his siblings Michael Spanos and Alexis Spanos Ruhl, is poised to maintain a commanding 61% ownership stake in the franchise.
- With new investors such as Detroit Pistons owner Tom Gores, who recently purchased a 27% stake, and potential investments from Arctos, the Chargers are demonstrating a strong appeal for investors in sports enterprises based in California.
