Chargers seeking NFL approval to sell an 8% stake in the franchise
Briefly

The Los Angeles Chargers are requesting approval to sell an 8% stake in the team to investment firm Arctos during the upcoming NFL owners meetings. Current owners Dean Spanos and his siblings would still retain around 61% of the franchise. This move follows another significant change in ownership last year when Tom Gores acquired a 27% stake. The Chargers' improved performance under coach Jim Harbaugh, highlighted by recent player rankings placing ownership fifth out of 32 teams, coincides with their new $250-million facility and substantial salary-cap space for free agency.
The Chargers are seeking approval from NFL team owners to sell an 8% stake to Arctos, indicating shifts in the franchise's ownership dynamics.
Recent performance improvements have led players to rank the Chargers ownership fifth-best in the league, up from 24th the previous year.
Read at Los Angeles Times
[
|
]