EL SEGUNDO, Calif. — Detroit Pistons owner Tom Gores has agreed to purchase a 27% stake in the Los Angeles Chargers, two people with knowledge of the deal told The Associated Press on Friday.The people spoke on condition of anonymity because the purchase has not been announced by the team. It is expected to be approved by NFL owners at their league meetings in Atlanta next month.Sports Business Journal first reported Gores’ purchase.Gores is buying the 24% share held by Dea Spanos Berberian, which includes 9% that is in a family trust that has a 36% stake in the team. He is also purchasing 1% each from shares owned by Dean Spanos, Alexis Spanos Ruhl and Michael Spanos for estate planning purposes.The transaction ends a bitter three-year fight between Spanos Berberian and her siblings. Spanos Berberian filed a lawsuit against Chargers controlling owner Dean Spanos in 2021 that alleged breach of fiduciary duty by the Spanos Trust and tried to force a sale. She filed another lawsuit in 2022 accusing her brother of “misogynistic” behavior, “self-dealing” and repeated “breaches of fiduciary duty.”As part of the sale, Spanos Berberian has agreed to resolve her disputes with the family and the franchise.Dean Spanos and Berberian were left as co-trustees of the trust following the deaths of Alex and Faye Spanos in 2018. According to 2021 financial statements that were part of court documents, the trust’s stake in the Chargers makes up 83% of its holdings.The 60-year-old Gores has a net worth of $11.8 billion, according to Bloomberg. In 1995, he founded …
