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(Photo by John McCoy/Getty Images). The suit also asks the court to suspend and remove Spanos as a co-trustee and seeks unspecified financial damages awarded to Berberian. In March 2021, she filed a petition to Los Angeles Superior Court asking the franchise be sold due to mounting trust debts. But Berberian, who runs the family trust with her brother as co-trustee, has been angling for more control inside the franchise since at least last year. All 2010 2007 Prices Profile Reviews Vintages Analytics 1 Price Compact view Set alert The lawyer went on to say that Berberian's three siblings, Dean, Michael and Alexis, have stood firmly in opposing her in the past and that "today's lawsuit will receive the same reaction.". Fifteen percent apiece belongs to four siblings: Dean, Dea, Chargers Vice Chairman Michael Spanos and Alexis Spanos Ruhl. 15 Alex and Faye Spanos Family Trust, PETITION FOR ORDERS To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". Berberian's sons, Dimitri and Lex Economou, also previously filed a lawsuit against Dean Spanos, alleging that he secretly diverted money from the trust. CNN Sans & 2016 Cable News Network. That was four years after Alex ceded. A solid family foundation: This is the basis of everything, the essential passage said. Go Bolts.. Changing ownership is not a bad thing. Not a member? The NFL declined to comment on the situation. In an attempt to force the sale of the Chargers, a sister of controlling owner Dean Spanos filed a petition in Los Angeles County Superior Court on Thursday arguing that mounting debt has imperiled the familys finances and the only solution is to put the NFL franchise on the market. "Throughout this entire ordeal that was instigated without justification by my sister Dea Berberian, my brother Dean has been unfailingly respectful of me and of my wishes. Published Her three siblings are not thrilled with the situation. Alexander Gus Spanos (September 28, 1923 - October 9, 2018) is an American real estate developer and self-made billionaire of Greek origin who is the majority owner of the NFL's Los Angeles Chargers, who also founded the A.G. Spanos Companies. He died on October 9, 2018. 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. His plan is hope.. A sister of Chargers owner Dean Spanos, Dea Spanos Berberian, has filed a petition in Los Angeles County Court asking a judge to force a sale of the team. The Spanos brothers, her lawsuit argues, "believe to their cores that, regardless of what their parents intended and their wills specified, men are in charge and women should shut up. Please check the opt-in box to acknowledge that you would like to subscribe. The arrival of a new coordinator, Ron Rivera, in the middle of last season, has restored a bit of punch to this solid squad, both against the run than against the pass. Alexis Spanos Ruhl also released an additional statement defending Dean. -> Site for Ron Berberian, Dea Berberian, Yet, once again, everything is there. Spanos earned varsity letters in running and diving at the University of the Pacific in Stockton and later distinguished . section: | slug: chargers-owner-dean-spanos-sued-by-sister-for-financially-ruinous-business-family-rebuts-false-charges | sport: football | route: article_single.us | --- LOS ANGELES - The sister of Los Angeles Chargers controlling owner Dean Spanos is petitioning a California court to put one-third of the team's ownership stake up for sale. Her brothers and sisters affectionately refer to her as "bossy." 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But the whole is very attractive. Meanwhile the Chargers (9-7), whose season was marked by inconsistency and injuries, did well. Berberian accuses brothers Dean and Michael of repeatedly acting "out of their deeply-held misogynistic attitudes and sense of entitlement as the men in the family and to rationalize their pitiable behavior which she believes is intended to teach her that a woman has no rights, no matter what any trust instrument might say." 1 draft pick, Spanos family calls Dea Spanos Berberians allegations false and provocative, Report: Derek Carr wants $35 million per year, The Raiders are the betting favorites to land Aaron Rodgers, Mike McCarthy: Kellen Moore wants to light the scoreboard up, I want to run the damn ball, Arrest warrant issued for Jalen Carter for reckless driving, racing, ESPN reiterates report that Lamar Jackson wants a fully-guaranteed deal, Aaron Rodgers says hell make a decision soon enough, Competition Committee begins to explore the quarterback push play, Players say Chiefs discourage them from reporting injuries, have NFLs worst training staff, Bryce Young is just over 5-10 and 204 pounds. The family trust controls 36% of the team with the remainder owned by nonfamily members. Los Angeles Chargers owner Dean Spanos has been accused of "misogynistic" behavior, "self-dealing" and repeated "breaches of fiduciary duty" by his sister in a lawsuit that escalates the siblings' ongoing legal battle over control of the team. But the Chargers are much higher. The nephews claim that Spanos with the . Sorry for my poor english translation. Dean Spanos, who owns 15% of the Los Angeles Chargers, is feeling pressure from his sister, Dea Spanos Berberian, to sell the Spanos family trust share of the franchise, which is reportedly in debt. The debt includes $164 million associated with the Trusts Interest in the Chargers and at least $75 million in estate tax. -> Created for Dea Berberian, Ron Berberian. Already looking forward to the 2023 NFL Draft? The club began playing in 1960 as a member of the AFL (American Football League), under the name "Los Angeles Chargers. Nearly half of that ($164,778,931) is . Last year, Berberian filed a lawsuit attempting to force the sale of the family trust, including its stake in the Chargers franchise. However, theres still reason to believe this could become a sticky situation for the Spanoses. Dea Spanos Berberian filed suit Thursday, petitioning the court to put the Bolts on the block. He also served as the Angels beat writer for The Times and the Register. XFL Week 3 preview: Can AJ McCarron, Battlehawks continue their fourth-quarter heroics? Dean Spanos took over as managing owner of the Chargers in 1994, 10 years after his father bought the franchise. The NFL recently brokered a gargantuan media rights deal worth more than $100 billion, raising the potential sales price of all 32 franchises. Additionally, Berberian claims the Chargers move from San Diego to Los Angeles was financially ruinous and the family needs to sell to recoup the trusts debt. Its sad they they will tarnish all the wealth that was handed to them since birth. Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. It probably wasnt a coincidence the legal action came in the wake of two industry developments, both favorable to fetching a higher price. Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. they can afford. The Spanoses reside in Stockton, California.Spanos also owns property in Las Vegas, Nevada. That included mediation with a retired L.A. County Superior Court judge that didnt work. 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. Berberian filed a lawsuit looking to gain full control of the Spanos family trust, which would remove Spanos as co-trustee, along with financial damages. 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. CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: nfl | pageType: stories | To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". Anime, ice sculpting and Buffalo wings: NFL teams get creative as 2022 season schedule is released, In her lawsuit, Berberian alleges that Dean Spanos and brother Michael have acted against their parents wishes out of their deeply-held misogynistic attitudes and sense of entitlement as the men in the family in order to teach her that a woman has no rights.. The NFL has held off intervening . 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). This year, Berberian has filed a lawsuit seeking control over the trust . In this latest filing citing financial statements Berberian says the trusts debts totaled more than $358 million as of Dec. 31. Its just mystifying as to what her strategy is, Fabiani added, since the right of first refusal always rules in situations such as this.. Jun 10, 2022 Dea Spanos Berberian, the sister of Chargers owner Dean Spanos, is suing her brothers for "misogynistic" treatment, "self-dealing" and "breaches of fiduciary duty," ESPN's Adam. 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. Dea Spanos Berberian filed the suit Thursday in San Joaquin County Superior Court, as ESPN reported, seeking sole control of the Spanos Family Trust that constitutes more than one-third of the Chargers' ownership. (Late billionaire Alex Spanos purchased the team in 1984, and his four children, including Dean and Dea, each own 15 percent of the club, while the family trust owns 36 percent.) 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.". Suddenly, San Diegans have a Spanos to root for. 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 . In a November 2019 letter included with the court filing, Dean Spanos vowed to his three siblings that he would retain an investment bank at the end of the 2024 season in an effort to find a new owner. The petition asks the court to order Berberian and Spanos to take steps to sell the trusts share of the Chargers and invoke a provision of trust law that would require the teams other shareholders to do the same. Her lawsuit also requests the court suspend and remove Dean Spanos as a co-trustee, accusing both he and brother Michael, the team's vice chairman, of operating "out of their deeply held misogynistic attitudes and sense of entitlement as the men in the family." The Spanos family owns 96 percent of the Chargers franchise, and a four percent stake belongs to holdovers from the Eugene Klein ownsership group. The petition paints a bleak picture of its finances, estimating an annual shortfall of $11 million with little cash flow or reason to believe the numbers will improve. -> Site for Ron Berberian, Dea Berberian. Los Angeles Chargers owner Dean Spanos has been accused of "misogynistic" behavior, "self-dealing" and repeated "breaches of fiduciary duty" by his sister in a lawsuit that escalates the siblings' ongoing legal battle over control of the team. Provided it is not disturbed by problems outside the sport, since he is suspected of beating his girlfriend. 8 Attorneys for Dea Spanos Berberian, Co- Trustee of the Alex and Faye Spanos Family 9 Trust, dated January 27, 1998, as amended and restated on June 28, 2007 10 11 SUPERIOR COURT OF THE STATE OF CALIFORNIA 12 COUNTY OF LOS ANGELES 13 14 In re the Case No. The NFL intervened and asked to arbitrate the matter since it was a dispute among NFL owners, a source familiar with the case told CNN. Faye and Alex Spanos married in 1948 and would have marked their 70th wedding anniversary on Aug. 21. They now have an emerging superstar at quarterback in Justin Herbert and share the $5-billion SoFi Stadium with the Rams. Berberian points to one instance where she said financials were manipulated to borrow more than $60 million for the wasteful purchase of an airplane for Deans and Michaels use that has no legitimate business justification, according to the lawsuit. In both attack and defense, they have no real weaknesses. However, he grew up in troubled circumstances, as his parents were constantly fighting. In addition, according. Focus Wednesday on the AFC West division by far the lowest in the American Conference. Multiple outlets reported the lawsuit claims . She also is in charge of community relations. The lawsuit also . Voluntary arbitration is legal in employment contracts. Neither Berberian nor Streisand responded to ESPN's requests for comment. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". 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. Ron is husband of Dea Berberian (daughter of Alexander Spanos - real estate developer, owns the San Diego Chargers) Sorry for my poor english translation. They are the sons of one of Spanos' sisters, Dea Spanos Berberian. 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. These changes may not happen, and may not be applicable to the Spanos family trust. He previously spent 20 years as a sports columnist for the Orange County Register and, before that, the Miami Herald. Moreover they are worth much better than their record 2008-2009. Jun 10, 2022 at 04:51 PM . Spanos Berberian seeks a California state court ruling on how to manage the 36 percent share owned by the trust. 2023 www.recordnet.com. But it is the life of the Chargers in January next will determine the success or otherwise of their season. The trust's beneficiaries are the four Spanos siblings: Dea, Dean, Michael Spanos and Alexis Spanos Ruhl. He had a very difficult first season. Alex G. Spanos Founder, 1923 - 2018 2:14 pm ET. And he has been fighting, along with my brother Michael and me, to fulfill the wishes of our mother, Faye, relating to our family and our businesses. at Throughout this entire ordeal that was instigated without justification by my sister Dea Berberian, my brother Dean has been unfailingly respectful of me and of my wishes. Rich people and their perceived reputations. Los Angeles Chargers not moving to London, owner angrily tells LA Times, Her lawsuit claims that Dean and Michael Spanos believe to their cores that, regardless of what their parents intended and their wills specified, men are in charge and women should shut up.. Alex Spanos bought the San Diego Chargers in 1984 and Dean Spanos took over . The three of us and our children, representing more than 75% of the family and its ownership of its business, stand united in support of our parents and grandparents wishes, including as to the continued ownership and operation of the Chargers.. The NFL has declined comment on the matter. The Chargers won one AFL title in 1963 and reached the playoffs five times in the AFL and the AFL Championship four times before joining the NFL when the AFL-NFL merger. A lawyer familiar with the matter told ESPN that Berberian's motive for filing the suit is to embarrass Spanos publicly. NFL Combine 2023: Colossal Richardson breaks QB records, Jackson Mahomes accused of assault at Kansas restaurant, NFL combine measurements: Full list of WR, TE numbers, Agent's Take: Rodgers' trade value, logistics, best fit, Ex-Patriots star McGinest facing 8 years in prison, Gould to test market, won't kick for 49ers in '23. "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. Menu & Reservations Make Reservations . It was good the Chargers because Rivers was not a great day (21/37, 313 yards, 5 sacks, 1 interception). With the NFL combine starting Tuesday in Indianapolis, here are five positions the Los Angeles Chargers might focus on during this offseason. With Vincent Jackson, Malcolm Floyd, Chris Chambers and tight end Antonio Gates is served San Diego. "The statements made in today's court filing about my brother Dean Spanos are outrageously untrue," the statement read. Factors likely, the division in which you move you more or less likely to win the playoffs. At the end of the 1994 season, the Chargers faced the San Francisco 49ers in Super Bowl XXIX and lost 49-26. Dean Spanos, for what it's worth, has long insisted he will never sell the Chargers. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Tim will still work its launch. In this desert, where three teams are rebuilding (Oakland, Denver and Kansas City), San Diego, this opens a boulevard. Dean will likely contend that if he is only allowed to use his position as a Co-Trustee to be a speculator to double and triple down on bad decisions of the past, he can turn things around because there are positive developments at the NFL level that should benefit the Chargers as well, the petition said. Business leader Dea Berberian, Adobe executive Brian J. Miller and philanthropist Janet Rogers are the newest members of the University of the Pacific's Board of Regents. That's mostly because of a longstanding legal dispute that continued this week, when the sister of current Chargers owner Dean Spanos filed a lawsuit accusing her brother of "misogynistic" and "financially ruinous" business practices, arguing that the Spanos family has no choice but to sell the team in order to pay off its debts. 24/7 coverage of breaking news and live events. Faye Spanos: A wonderful person, a wonderful life, Whos who of civic, sports leaders bid farewell to Alex Spanos, Your California Privacy Rights / Privacy Policy. Early life and education [ edit] The three of us and our children, representing more than 75 percent of the family and its ownership of its businesses, stand united in support of our parents' and grandparents' wishes, including as to the continued ownership and operation of the Chargers. 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. Dea Spanos Berberian filed a petition Thursday in San Joaquin County Superior Court seeking sole control of the family trust that has a 36% stake in the ownership of the Chargers.