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Equity firm Arctos approved as Chargers limited partner by NFL owners

The Chargers welcomed Arctos as a limited partner Tuesday as NFL owners approved a sale that transferred some the team’s shares to the Dallas-based private equity firm that already has ties to the Dodgers.

“Arctos’ track record in major professional sports speaks for itself,” Chargers owner Dean Spanos said in a statement, “and we are grateful for their alignment moving forward during this time of tremendous growth for our organization.”

According to a league memo The Times obtained last week, Arctos acquired 8% of the team’s shares. Spanos and his family will retain control of the Chargers organization with approximately 61% of the franchise.

Arctos now has stakes in two NFL teams less than a year after the league approved private equity ownership. The company acquired a 10% stake in the Buffalo Bills in January, adding to its portfolio that already included MLB, NBA, NHL and MLS teams. Arctos has ownership stakes in six MLB teams: the Dodgers, Chicago Cubs, San Francisco Giants, San Diego Padres, Houston Astros and Boston Red Sox.

“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,” Arctos cofounder and co-managing partner Doc O’Connor said in a statement. “We’re excited to get to work and help the team achieve their vision however we can.”

Approaching a decade since their move to L.A., the Chargers have added two major ownership groups in the last year. Detroit Pistons owner Tom Gores bought a 27% stake in the team in September, resolving a long-running dispute between Dea Spanos Berberian and her siblings as Gores and his wife bought Spanos Berberian’s share of the franchise.

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

The Chargers will seek approval to sell an 8% stake in the franchise to private investment firm Arctos at next week’s NFL team owners meetings.

The approval request was sent in a memo to NFL team owners, according to a person with knowledge of the memo not authorized to speak publicly about it.

If approved, Chargers owner Dean Spanos and siblings Michael Spanos and Alexis Spanos Ruhl would still own approximately 61% of the franchise.

The NFL spring meeting will be held Tuesday and Wednesday in Eagan, Minn.

It is the second major change for the Chargers ownership group in the last year after Detroit Pistons owner Tom Gores bought a 27% stake in the team in September. That transaction resolved a long-running dispute between Dea Spanos Berberian and her siblings as Gores and his wife bought Spanos Berberian’s share of the franchise.

Players recently ranked Spanos and the ownership’s contribution to the Chargers’ success fifth-best out of 32 teams, according to an annual survey conducted by the NFL Players Assn. It was a stark improvement from the previous year’s rankings that placed ownership 24th in the league.

The jump can be attributed to the team’s new $250-million facility in El Segundo, which opened last July. Spanos also brought in coach Jim Harbaugh, who led the team to an 11-6 regular-season record in his first season.

The team entered free agency with the second-highest salary-cap space in the NFL, according to Overthecap.com, but did not make many splashy signings. The biggest contract of the offseason went to free agent offensive lineman Mekhi Becton, who signed a two-year deal worth $20 million after winning the Super Bowl with the Philadelphia Eagles.

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