Latest news with #DeanSpanos
Miami Herald
4 days ago
- Sport
- Miami Herald
Chargers returning to San Diego for pair of training camp practices
The Los Angeles Chargers will be back in San Diego for two training camp practices this summer, the team announced Thursday. The Chargers will hold the pair of practices at Torero Stadium on the University of San Diego's campus on July 22-23. Before moving to Los Angeles in 2017, the Chargers spent 56 years in San Diego, beginning in the AFL in 1961. This tenure included an AFL championship in 1963, a Super Bowl appearance in the 1994-95 season and 11 playoff wins. The team played in Los Angeles for its inaugural season in 1960. Owner Dean Spanos and the city of San Diego failed to reach an agreement on a new stadium in the city, causing Spanos to uproot the franchise and move north. --Field Level Media Field Level Media 2025 - All Rights Reserved
Reuters
5 days ago
- Business
- Reuters
Chargers returning to San Diego for pair of training camp practices
June 6 - The Los Angeles Chargers will be back in San Diego for two training camp practices this summer, the team announced Thursday. The Chargers will hold the pair of practices at Torero Stadium on the University of San Diego's campus on July 22-23. Before moving to Los Angeles in 2017, the Chargers spent 56 years in San Diego, beginning in the AFL in 1961. This tenure included an AFL championship in 1963, a Super Bowl appearance in the 1994-95 season and 11 playoff wins. The team played in Los Angeles for its inaugural season in 1960. Owner Dean Spanos and the city of San Diego failed to reach an agreement on a new stadium in the city, causing Spanos to uproot the franchise and move north. --Field Level Media
Yahoo
20-05-2025
- Business
- Yahoo
Chargers add equity firm Arctos as a limited partner after NFL owners approve sale
Dean Spanos and his family will retain control of the Chargers organization with approximately 61% of the franchise. (George Walker IV / Associated Press) 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.' Advertisement 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. Read more: NFL owners vote to allow players to compete in flag football at 2028 L.A. Olympics '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.' Advertisement 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. Get the best, most interesting and strangest stories of the day from the L.A. sports scene and beyond from our newsletter The Sports Report. This story originally appeared in Los Angeles Times.
Los Angeles Times
20-05-2025
- Business
- Los Angeles Times
Chargers add equity firm Arctos as a limited partner after NFL owners approve sale
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 co-founder 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.
Yahoo
15-05-2025
- Business
- Yahoo
Chargers seeking NFL approval to sell an 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. Advertisement If approved, Chargers owner Dean Spanos and siblings 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. Read more: Meet the Chargers content team winning the schedule release 'Super Bowl' 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. Advertisement 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 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. Get the best, most interesting and strangest stories of the day from the L.A. sports scene and beyond from our newsletter The Sports Report. This story originally appeared in Los Angeles Times.
