09/06/2023
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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. 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. The NFL declined to comment on the situation. Dea Spanos Berberian, sister of Dean Spanos, has filed a petition in Los Angeles County Superior Court in an attempt to force the Spanos family to sell the Chargers. Recipients? She filed papers in Los Angeles Superior Court in April contending that the. Following the deaths of their parents in 2018, Spanos and Berberian were named co-trustees of the trust, which holds a 36% ownership stake in the team, court filings show. 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. It claims the only solution for the finances is to sell the NFL . The value of the trusts assets would seem to far exceed the debt. Information from The Associated Press was used in this report. The San Diego Chargers are a professional club Footballs based in San Diego, California. Wait a minute. They have four adult children: Dean Spanos, the Chargers' team president; Michael Spanos, the Chargers' executive vice president; Alexis Spanos Ruhl, a vice President of A.G. Spanos Companies; and Dea Spanos Berberian, a vice President of A.G. Spanos Companies. The petition by Dea Spanos Berberian, who serves as co-trustee of the family trust along with her brother, alleges the trusts debts and expenses exceed $353 million. 2023 Cable News Network. In addition, according. In January, Dean Spanos was sued by two of his nephews Berberians sons, Dimitri and Lex Economou who allege that he secretly diverted money from the family trust. Together, Ron and Dea, are dedicated to enhancing the experience of visiting Bell Wines and offering the best quality of their award-winning wines. Chargers co-owner Dea Spanos Berberian is headed to court in an attempt to force the team to be sold, according to the Los Angeles Times . Lawsuit That Could Force Spanos Family to Sell Chargers - NBC 7 San Diego 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. But the 156-page filing raises questions about the future of the franchise owned by the Spanos family since 1984 and reveals a family dispute that until now had played out in private. 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. Your effort and contribution in providing this feedback is much They added that in no circumstances will this situation impact control of the franchise.. Jun 10, 2022 at 04:51 PM . "The statements made in today's court filing about my brother Dean Spanos are outrageously untrue," the statement read. A lawyer familiar with the matter told ESPN that Berberian's motive for filing the suit is to embarrass Spanos publicly. Dean Spanos Sued by Sister Amid Legal Battle for Control of Chargers Dean Spanos' sister petitions court to force sale of NFL's - CNBC Lula 2019 Pinot Noir (Anderson Valley) - Wine Enthusiast Chargers not for sale, Dean Spanos and siblings say -> Created for Dea Berberian, Ron Berberian. The Chargers are the only franchise ever so slightly stable for several seasons in the AFC West, by far the lowest pool of the American Conference. All Rights Reserved. Spanos Berberian Wine Company | Visit A Winery Dean refuses to consider a sale of the Trusts Interest of the Chargers, insisting that the Co-Trustees continue to borrow more and more, and to force the charities and beneficiaries to wait for years and to hope while Dean speculates further on a football team, the petition said. They are the sons of one of Spanos' sisters, Dea Spanos Berberian. All 2010 2007 Prices Profile Reviews Vintages Analytics 1 Price Compact view Set alert Alex Spanos bought the San Diego Chargers in 1984, and Dean Spanos took over managing the franchise in 1994. Just ask Michael Vick what he thinks. 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. Chargers owner Dean Spanos sued by sister Dea Spanos Berberian - Deadspin The franchise is currently a member of the Western Division of the American Football Conference (AFC) in the National Football League (NFL). Berberian is being represented by Adam Streisand, who also represented Jeanie Buss when she wrested control of the Los Angeles Lakers from her brothers and Steve Ballmer in the trial to force Donald Sterling to sell the LA Clippers. They now have an emerging superstar at quarterback in Justin Herbert and share the $5-billion SoFi Stadium with the Rams. Her lawsuit, filed Thursday in San Joaquin County Superior Court, also. Suddenly, San Diegans have a Spanos to root for. Berberian contends that Cohen aided and abetted her brother every step of the way., It will become clear the petition reads, that Dean, Michael and Cohen have pursued a campaign to punish, belittle and humiliate Dea ever since she had the audacity to speak up against their mismanagement., The petition specifically mentions that Cohen deliberately damaged Deas relationship with her Pastor and spiritual advisor, Father Alex Karloutsos., In a statement released Friday, Alexis Spanos Ruhl said: The statements made in todays court filing about my brother Dean Spanos are outrageously untrue. Her brothers and sisters affectionately refer to her as "bossy." 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 | --- Before the Chargers moved to L.A. the relocation led one columnist to brand Dean Spanos as the most hated man in San Diego he kept a copy of his fathers autobiography in his office. In addition to. Changes to the tax code being considered by President Joe Bidens administration could have a huge effect on wealthy individuals and families in the U.S., writes Barrons Abby Schultz. 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. Siblings in attendance included brother and Chargers executive vice president Michael Spanos and wife Helen; sister Dea Spanos Berberian, a vice president of A.G. Spanos Companies, and her husband . If not, could you forward this site to this person. 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.". Alex G. Spanos Founder, 1923 - 2018 Each sibling owns an additional 15% of the . About Us | Bell Wine Cellars He died on October 9, 2018. For the three of us, the Chargers is one of our familys most important legacies, just as it was for our parents, the statement said. Alexander Spanos Net Worth 2023 998. The remaining 4% of the franchise is owned by other parties outside of the Spanos family. Maybe taxpayers should buy both sides of the family a stadium so they can share the team. Turn on desktop notifications for breaking stories about interest? Its sad they they will tarnish all the wealth that was handed to them since birth. Meanwhile, the trust is so heavily concentrated in owning a minority stake in a professional football team that beneficiaries have no choice but to depend almost solely on the rise or fall of the Team.. ", Alexis, Dean's other sister, has also pushed back against Berberian's allegations: "The statements made in today's court filing about my brother Dean Spanos are outrageously untrue," she wrote. Faye and Alex Spanos married in 1948 and would have marked their 70th wedding anniversary on Aug. 21. Dean Spanos sued by sister, accused of 'misogynistic' behavior as legal The lawsuit was filed Thursday in San Joaquin County Superior Court by attorneys representing Dea Spanos Berberian, who is seeking sole control of a family trust that constitutes more than one-third of the Chargers' ownership. Berberian contends that the Spanos family trust and subtrusts are all but insolvent, that Spanos' decision to move the Chargers to Los Angeles has proved financially ruinous and that the family has no option but to sell the team to satisfy the trust's debt obligations, which she says are currently in excess of $358 million. Dean Spanos: Los Angeles Chargers owner is sued by his sister in a 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. Wat Betekent BERBERIAN in het Nederlands - Nederlands Vertaling Discovery Company. A Warner Bros. Jesus, who are these people?! Alex G. Spanos Celebrated businessman, generous philanthropist and respected NFL owner have been some of the words used to describe Alex G. Spanos, who died Tuesday morning at age 95. Follow Receive an email notification when changes occur for Dea Spanos Berberian,. A page was dog-eared for quick reference. I love how the rich have a dead ear to how ridiculous and entitled they sound, and are! -> Site for Ron Berberian, Dea Berberian. 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." During the 34 years following the merger, the Chargers went ten times in the playoffs four times and reached the final of the AFC. Berberian's sons, Dimitri and Lex Economou, also previously filed a lawsuit against Dean Spanos, alleging that he secretly diverted money from the trust. However, he grew up in troubled circumstances, as his parents were constantly fighting. I agree to receive the "Pick Six Newsletter" and marketing communications, updates, special offers (including partner offers), and other information from CBS Sports and the Paramount family of companies. section: | slug: chargers-owner-dean-spanos-sued-by-sister-for-financially-ruinous-business-family-rebuts-false-charges | sport: football | route: article_single.us | The claims include a charge that Spanos borrowed in excess of $60 million for the wasteful purchase of an airplane for Deans and Michaels use that has no legitimate business justification.. Every story about NFL owners is like reading a comic book. Dea Spanos Berberian filed a petition . The current political climate may be creating a potential for tax and legal exposure to the Spanos family trustees, absent a sale, that its caretakers would do well to consider. The making and sale of fine wine is a pursuit of Dea Spanos Berberian, Alex's first born daughter, secretary of the A.G. Spanos board. Jaguars won't spend big, but here are five players they could target in free agency, The most memorable pre-NFL draft workouts ever: Coaches, scouts, execs make their picks, 2023 NFL franchise tag tracker: Raiders tag Josh Jacobs, the NFL's rushing leader. Family feud over Chargers' ownership lands in court - Yahoo 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. Here's everything we know, QB Young 5-10 1/8, 204 pounds at NFL combine, Sources: Patriots tell QB Hoyer he's being cut, Horns' Robinson: Versatility worthy of early pick, Jones: Not fixated on Cowboys' drought, just '23, Sources: Raiders plan franchise tag for Jacobs, WR Addison to Steelers' Pickett: 'Come get me', Wolverines' Turner wows with 4.26 40 at combine, Top QB prospect Levis eager to unleash 'cannon', Everything you need to know about Geno Smith's contract negotiations. SPORTS ILLUSTRATED is a registered trademark of ABG-SI LLC. 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.". Alex and Faye Spanos, the siblings' parents, who died three years ago, created the trust in 1998. 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. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. mesurer votre utilisation de nos sites et applications. While Forbes valued the Chargers at $2.6 billion last year, Berberians petition described the team as a rare trophy asset and noted that the price a buyer is willing to pay is often not dictated by any economic metric. The NFL recently finalized massive new media rights deals that could be worth more than $10 billion per year, something the filing asserts will certainly attract potential buyers., The petition noted reports that Amazon.com founder Jeff Bezos, worth an estimated $180 billion, is interested in becoming an NFL owner and said the Chargers could be a perfect opportunity.. Disputed loan at center of Commanders probe. Chargers fans of the world, rejoice Dean Spanos, the widely hated part-owner of the L.A. Chargers, is being sued by his sister, Dea Spanos Berberian, for repeated misogynistic behavior. Moreover they are worth much better than their record 2008-2009. XFL Week 3 preview: Can AJ McCarron, Battlehawks continue their fourth-quarter heroics? That is the precedent Berberian argues the court should follow. Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. However, theres still reason to believe this could become a sticky situation for the Spanoses. dvelopper et amliorer nos produits et services. 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. When she saw how much the Broncos went for, she said, I want some of that. They stated Spanos Berberian seems to have a different and misguided personal agenda from their own plan to keep the NFL club in the family for generations to come. It remains a remarkable campaign and has become one of the best quarterbacks in the league. Dea Spanos Berberian filed suit Thursday, petitioning the court to put the Bolts on the block. 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 will win again if the National Football League successfully maneuvers to push the case outside a courtroom altogether. 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. All Rights Reserved. Get the latest on L.A.'s teams in the daily Sports Report newsletter. "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. 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. 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.
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