The Chargers have emerged 33-28. -> Created for Dea Berberian, Ron Berberian. The four siblings are equal beneficiaries of the family trust, according to court documents. Chargers owner Alex Spanos, a plain-spoken, self-made billionaire from Stockton who bought a majority stake in the NFL football club in 1984, died Tuesday morning, the team announced. 24/7 coverage of breaking news and live events. Dea Spanos Berberian, in Stockton CA - Company Profile According to the filing, Berberian attempted numerous times and numerous ways to resolve the dispute. "It is unfortunate that our sister Dea, who clearly has no interest in continuing to participate in the family's businesses, has resorted to leveling false and provocative charges in an attempt to impose her will on the rest of the family," the statement read. Dean Spanos sued by sister, accused of 'misogynistic' behavior as legal XFL Week 3 preview: Can AJ McCarron, Battlehawks continue their fourth-quarter heroics? Lawsuit That Could Force Spanos Family to Sell Chargers - NBC 7 San Diego Spanos at 90: Birthday brings reflections on developer's legacy Excel Known Addresses for Dea Spanos Berberian, 10100 Trinity Pkwy Stockton, CA 95219 Advertisements Source California Secretary of State Data last refreshed on Monday, April 4, 2022 What next? I can only refer you to the statement made by the three siblings that they have no intention of selling the team, said Chargers special counsel Mark Fabiani, when asked Thursday if the petition could result in the team being sold. Statement Issued by the Families of Alexis Spanos Ruhl, Michael Spanos and Dean Spanos. That may be a blessing in disguise because Denver will have the first pick in the draft next April. Regarding the "breaches of fiduciary duty," Berberian's petition contends that. Spanos also allegedly manipulated the trust to borrow over $60 million "for the wasteful purchase of an airplane for Dean's and Michael's use that has no legitimate business justification.". Spanos sued by sister as Chargers feud escalates, The future of the NFL combine: Is there really a chance it could end forever? The legal conflict involving the Spanos siblings came to light in April 2021, when Berberian petitioned the Los Angeles County Superior Court to put the trust up for sale because of growing financial concerns. Alex Spanos bought the San Diego Chargers in 1984, and Dean Spanos took over managing the franchise in 1994. At the end of the 1994 season, the Chargers faced the San Francisco 49ers in Super Bowl XXIX and lost 49-26. They are the sons of one of Spanos' sisters, Dea Spanos Berberian. The San Diego Chargers are a professional club Footballs based in San Diego, California. The nephews claim that Dean Spanos, with the aid of Michael, altered the trust in February 2018 to divert money to themselves personally.. Dean Spanos took over as managing owner of the Chargers in 1994, 10 years after his father bought the franchise. 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Focus Wednesday on the AFC West division by far the lowest in the American Conference. Spanos will win again if the National Football League successfully maneuvers to push the case outside a courtroom altogether. None of the Children ever had to work for a dime of their wealth. The filing also calls for the removal of her brother as a co-trustee and seeks unspecified damages. Adam Schefter on Twitter: "Dea Spanos Berberian claims in her lawsuit The value of the trusts assets would seem to far exceed the debt. Dea Spanos Berberian, sister of Los Angeles Chargers owner Dean Spanos, is trying to force a sale of the franchise because of the family's current financial state. However, he grew up in troubled circumstances, as his parents were constantly fighting. The Chargers . And if Dea intends to sell her share of the team, they have the right to buy it under their right of refusal and they will do so. 2023 Cable News Network. Alexander Gus Spanos (September 28, 1923 - October 9, 2018) was an American billionaire real estate developer, founder of the A. G. Spanos Companies, and the majority owner of the San Diego / Los Angeles Chargers of the National Football League (NFL). When the Chargers moved to Los Angeles in 2017 after 56 seasons in San Diego, they faced the daunting task of paying off a $650 million relocation fee to the NFL and building a fan base in a market crowded with college and professional sports. In this desert, where three teams are rebuilding (Oakland, Denver and Kansas City), San Diego, this opens a boulevard. Three join Pacific Board of Regents | University of the Pacific This week, Berberian also agreed to allow the NFL to arbitrate a settlement in the case. Berberian, co-owner of The Spanos Corporation since 1994, serves as its executive vice president, director and secretary. Chargers Owner Dean Spanos in Legal Fight with Nephews Over Family STOCKTON Faye Spanos, the wife of Stockton developer Alex Spanos and the bedrock of her family as her husband once called her, died Tuesday night at age 92 of undisclosed causes. Spanos Berberian seeks a California state court ruling on how to manage the 36 percent share owned by the trust. It probably wasnt a coincidence the legal action came in the wake of two industry developments, both favorable to fetching a higher price. The legal conflict came into public view in April 2021, when Berberian petitioned the Los Angeles County Superior Court to put the trust up for sale. Dean Spanos took over as managing owner of the Chargers in 1994, 10 years after his father bought the franchise. Spanos Clan to Host Romney Fundraiser at Stockton Estate The lawsuit also states that Dean and Michael "believe to their cores that, regardless of what their parents intended and their wills specified, men are in charge and women should shut up.". She is represented by Adam Streisand, the same attorney who helped Jeanie Buss take control of the Los Angeles Lakers in the NBA. Spanos, Berberian and their siblings Michael Spanos and Alexandra Spanos Ruhl each own 15% of the Chargers franchise, with 36% managed by the family trust and the remaining 4% owned by non-family members. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". For more Los Angeles Chargers coverage, go toCharger Report. Dea Spanos Berberian - Pro Football Rumors The new lawsuit, which focuses on ousting Dean Spanos as a co-trustee, presumably was drafted to navigate any potential arbitration obligation. CNN Los Angeles Chargers owner and chairman Dean Spanos is being sued by his sister and team co-owner Dea Spanos Berberian, who's accusing him of "misogynistic" behavior and repeated. As first reported by ESPN's Adam Schefter and Kimberley Martin, Dea Spanos Berberian's attorneys filed the lawsuit this week in San Joaquin County Superior Court in California. Dea Spanos Berberian filed a petition Thursday in Los Angeles County Superior Court contending that mounting debt from the franchise is creating an estimated yearly loss of at least $11 million for the family trust. Chargers Owner Wins Legal Battle As NFL Stands By Use of this site constitutes acceptance of our Terms of Use and Privacy Policy, The Breer Report: Los Angeles Chargers Training Camp Takeaways, ESPNs Adam Schefter and Kimberley Martin reported. It was good the Chargers because Rivers was not a great day (21/37, 313 yards, 5 sacks, 1 interception). Beyond the 36% owned by the trust, Spanos, Berberian and their siblings, Michael and Alexis , each own 15% of the Chargers, with the remaining 4% belonging to non-family members. Alex Spanos Biography - Facts, Childhood, Family Life & Achievements The Spanos family owns 96 percent of the Chargers franchise, and a four percent stake belongs to holdovers from the Eugene Klein ownsership group. -> Created for Dea Berberian, Ron Berberian. Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. The Chargers have six players and a coach entered the Pro Football Hall of Fame: The wide receiver Lance Alworth (1962-1970), the defensive end Fred Dean (1975-1981), quarterback Dan Fouts on (1973-1987), head coach / general manager Sid Gillman (1960-1969, 1971), wide receiver Charlie Joiner (1976-1986), offensive lineman Ron Mix (1960-1969) and the tight end Kellen Winslow (1979-1987). In addition, according to the filing, the trust doesnt have a plan to pay more than $22 million it has pledged to charities. Dean Spanos' sister attempting to force sale of Chargers Dean Spanos: Los Angeles Chargers owner is sued by his sister in a He also has support from other family members and beneficiaries (though not all).. Dean's sister Dea Spanos Berberian filed a lawsuit last week in San Joaquin County Superior Court seeking full control of the Spanos Family Trust, which has a 36 percent stake in the Chargers. Chargers co-owner asks court to force sale of team due to mounting Philip Rivers, the wand is constantly growing. You may occasionally receive promotional content from the Los Angeles Times. Berberian is trying to make the case that Dean has put the family trust in such deep . 2004-2023 CBS Interactive. Maybe hed pay $2.55 billion for 51 percent of the Chargers. After the Broncos' record $4.65 billion sale to the Walton-Penner family, one of Denver's AFC West rivals, the Chargers, could be next on the list of NFL franchises to be sold. However, theres still reason to believe this could become a sticky situation for the Spanoses. The family trust controls 36% of the team with the remainder owned by nonfamily members. That included mediation with a retired L.A. County Superior Court judge that didnt work. On the surface, Spanos Berberians claim of debt as a driving force to sell the team doesnt seem convincing. Chargers chairman Dean Spanos is being sued by two of his nephews who allege that he secretly diverted money from the family trust that owns the team. The petition by Dea Spanos Berberian, who serves as co-trustee of the family trust along with her brother, alleges the trust's debts and expenses exceed $353 million. -> Created for Dea Berberian, Ron Berberian. Menu & Reservations Make Reservations . True to Dean Spanos forecast late in the franchises San Diego tenure, the Chargers have remained a career vehicle for generations of Spanos family members, seven of whom are listed in the club directory in the teams 2020 media guide. Early life and education [ edit] The petition by Dea Spanos Berberian, who serves as co-trustee of the family trust along with her brother, alleges the trust's debts and expenses exceed $353 million. Alexis Spanos Ruhl BOARD MEMBER Alexis serves as a company liaison to local non-profit agencies. Spanos and Berberian were left as co-trustees of the trust after the deaths of Alex and Faye Spanos in 2018. Unfortunately, our sister Dea seems to have a different and misguided personal agenda., They said operations of the Chargers will be entirely unaffected by this matter.. 236. And then, getting way ahead of ourselves, if other large obstacles were surmounted, the Chargers could be relocated to San Diego, making Dea Spanos Berberian as popular here as Fernando Tatis Jr. Not happening, said Dean Spanos and his other two siblings. Your effort and contribution in providing this feedback is much As proof, it took the Chargers to make a record of 8-8 last year to win their division, when New England, with 11 victories, has not even played in the playoffs Californians are still likely to dominate their three rivals this season.
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