The Los Angeles Chargers have officially welcomed Arctos as a limited partner following NFL owners' approval of the sale that transferred 8% of the team's shares to the private equity firm. Despite the new partnership, the Spanos family will retain most of the control with 61% ownership. This sale comes as part of a broader trend in the NFL where private equity ownership is becoming more prevalent. The Chargers have recently seen changes in ownership dynamics, especially after Detroit Pistons owner Tom Gores acquired a 27% stake last year.
Arctos' track record in major professional sports speaks for itself, and we are grateful for their alignment moving forward during this time of tremendous growth for our organization.
We're honored to join the Los Angeles Chargers ownership group and are grateful to Dean and the rest of the management team for their partnership.
Approaching a decade since their move to L.A., the Chargers have added two major ownership groups in the last year.
According to a league memo, Arctos acquired 8% of the team's shares. Spanos and his family will retain control of the Chargers with approximately 61%.
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