The Los Angeles Chargers have requested approval to sell an eight percent stake in the club to private investment firm Arctos, according to league sources.
The league’s finance committee has reviewed the transaction and recommended approval by owners at the May league meetings. If the sale is approved, Chargers owner Dean Spanos and his family would retain a controlling stake in the club at approximately 61 percent. Spanos and two of his siblings would be involved in the sale.
In August 2024, the NFL approved a measure that allows private equity firms to purchase up to 10 percent stakes in clubs. According to league sources, the Chargers have been in communication with multiple firms approved by the league about potential sales.
The Chargers did not respond to a request for comment.
Arctos, according to its website, is “a private investment platform dedicated to the professional sports industry and sports franchise owners.” According to Fortune, Arctos also owns stakes in the Golden State Warriors, the Buffalo Bills, the Los Angeles Dodgers and Chicago Cubs, among other sports franchises.
Thursday’s news comes less than a year after the team sold a 27 percent stake to Detroit Pistons owner Tom Gores. In that move, Gores purchased the entire 24 percent stake of Dean Spanos’ sister, Dea Spanos Berberian, plus one percent each from Dean, Alexis and Michael Spanos. It also resolved a legal dispute between Spanos Berberbian, who had petitioned to sell the team in 2021, and her other siblings.
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