Not a member? The four children of late owner Alex Spanos Dean, Dea, Alexandra Spanos Ruhl and Michael Spanos each own 15% of the team. The lawsuit also lists multiple allegations of "breaches of fiduciary duty" by Dean Spanos, who is accused of diverting $105 million from the trust to various debts. 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. 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.". The family trust controls 36% of the team with the remainder owned by nonfamily members. Offers may be subject to change without notice. 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. I'm just blessed to be a Charger. See who wins the matchup between these two Chargers defensive linemen, Joseph-Day's Bolts led by Justin Herbert or Fox's random choice, Lamar Jackson and the Baltimore Ravens. Thats another $500 million minimum, along with a new practice facility for a few hundred million. Every day that passes increases the risks that the charitable beneficiaries and the Spanos family legacy will suffer irreparable financial and reputational damage the petition said. I met a few people. The Chargers will take on the Jacksonville Jaguars on Saturday at 5:15pm at TIAA Bank Stadium for the AFC Wild Card Game. The four Spanos siblings each own 15%. 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. The stake in the Chargers makes up 83% of the trusts holdings. The families of Dean, Michael, and Alexis released a joint statement responding to the lawsuit: "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. All Rights Reserved. I think that's the best thing about this is that you go into this team, this franchise, and you get to learn so much for people that are so knowledgeable, so talented, have been around it for a long time. The Chargers, a mens minor league football organization based out of Bluemont, are 4-0 this season in the 10-team semi-pro league. I wanted the best to learn from, and, man, Joey Bosa and Khalil [Mack]? Rebecca Blackwell/Copyright 2022 The Associated Press. Erin Hooley/Copyright 2023 The Associated Press. On the seventh episode of ALL IN Season 2, learn about Khalil Mack's journey to the Chargers and his fight to prove his doubters wrong as the veteran edge rusher holds down the Bolts defense after Joey Bosa is sidelined with a groin injury. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". Though Berberians petition is brought on behalf of the trust, it seeks to compel a full sale of the team. That's something that I got from my old coach it's football in extreme space. The Chargers will take on the Denver Broncos on Sunday at 1:25pm at Empowerfield at Mile High. The move resulted in money shifting from the trust to themselves personally.. It's just a blessing. All rights reserved. 1 / 10. The AG generally doesnt do this unless it has real concerns, Berberians lawyer Adams Streisand said. According to the report, the suit alleges that Spanos, supported by his brother, Michael, who also holds an executive position with the Chargers, changed the trust four years ago. The story of the Cowboys scout and prospect son Dallas just drafted, Legacy pick: Cardinals take great-great-nephew of team's first-ever draft pick. Thirty-six percent is part of a trust established by the parents. On drafting offensive players in the first round the last three years: "We drafted a tackle two years ago, a guard last year. That's the biggest thing for me, I get to be home and get to do what I love, in a place that I grew up in. With the generous support of readers like you, Times of San Diego publishes timely and accurate news coverage for a better-informed community. On 'if there were any position groups that the team was unable to address': "No, what I liked about this draft is I felt like, going into the draft, that we have a really good team. 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. Get a behind-the-scenes look at 2023 first-round pick Quentin Johnston's first day with the Bolts! That sounds like me, sounds like [General Manager] Tom [Telesco], [Owner and Chairman of the Board] Dean Spanos. I'm talking about what do we really have? CNN Los Angeles Chargers owner and chairman Dean Spanos is being sued by his sister and team co-owner Dea Spanos Berberian, whos accusing him of To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". Since I've been the head coach here, the local pro day has been really good to us. The Los Angeles Chargers today signed the following 12 players to Reserve/Future free agent contracts. 1; Cards have top 2, Best, worst, most interesting pick for all, Undrafted free agent tracker: Team-by-team list of signings, Bills sign the Broncos' leading rusher from 2022, Ex-NFL GM's best picks and hidden gems in 2023 draft, 10 veteran moves that should happen post-2023 draft. 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.". The suit claims the trust is, as of December 31, 2021, $358 million in debt and losing $11 million annually. (AP Photo/Steve Conner), Boise State defensive tackle Scott Matlock (99) pressures Tennessee-Martin quarterback Dresser Winn (3) as Winn throws the ball in the second half of an NCAA college football game, Saturday, Sept. 17, 2022, in Boise, Idaho. On being selected by the Chargers and joining a team that already features two of his collegiate teammates, Quentin Johnston and Derius Davis: "There was a lot of excitement. In partnership with the Los Angeles Chargers Impact Fund, Inglewood Unified School District, and Brotherhood Crusade, SoFi celebrated the graduation of 14 young scholars from the Bolt Academy program. But, obviously, I knew that that came with a lot. That means being on the field as a linebacker, being on the field as a gunner or whatever it may be for special teams. I feel like my game is very versatile. On being selected by the Chargers and remaining in his hometown: "Thank you to the Spanos Family, [General Manager] Tom Telesco, [Head] Coach [Brandon] Staley for believing in me and blessing me with this opportunity. It kind of just made me want to fight more at practice, do the little things to show that I deserved to have that number.". Phelan M. Ebenhack/Copyright 2021 The Associated Press. On Johnston joining the wide receivers room: "It's going to be tremendous [for his development]. I know that the top two players in the Draft are from California. The following browsers are supported: Chrome, Edge (v80 and later), Firefox and Safari. The Chargers will take on the Arizona Cardinals on Sunday at 1:05pm at State Farm Stadium. All rights reserved. The LA Chargers in action on November 21, 2021. The three of us and our children, representing more than 75% 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.. Throughout this entire ordeal that was instigated without justification by my sister Dea Berberian, my brother Dean has been unfailingly respectful of me and my wishes. All rights reserved. Alexis Spanos Ruhl also released an additional statement defending Dean. On Henley learning from LB Eric Kendricks: "What a wealth of knowledge. Just a very exciting moment for myself and my family.". According to the filing, Berberian attempted numerous times and numerous ways to resolve the dispute. Then, we had a photo shoot. ", Here is everything new Chargers Defensive Coordinator Derrick Ansley said Tuesday when he met with media members, Here is everything new Chargers Offensive Coordinator said Wednesday morning when he met with media members. Aggressive Misogyny. For example, despite the fact that TSC (The Spanos Corporation) conducted little to no business in Las Vegas for decades, Dean insisted on keeping a TSC office there so that he could write-off private flights to enjoy his second home and get his hair cut, since Las Vegas is where Deans barber is based., The suit alleges, while Dean and Dea are the co-trustees, Michael has been misrepresenting himself as a trustee and the brothers have attempted to freeze their sister out of the trusts decision-making process because 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.. Spanos family fight is another setback for Alexander Spanos, the longtime owner of the San Diego Chargers, died on October 9 at the age of 95. Spanos bought his controlling stake in the Chargers in 1984. His grandchildren John and A.G. run the team, worth $1.9 billion net of debt. Spanos founded AG Spanos, one of the country's largest apartment developers, in 1960. This is a developmental game, so we definitely have that long-term path. How Cowboys' VP sold team brass on drafting Mazi Smith, 2023 NFL Draft: Six things experts got wrong, NFL fifth-year option tracker: Decisions on 2020 class, NFL Draft grades, best pick for all 32 teams, sked date, How Lions paved way for Eagles to land D'Andre Swift, Popular Rodgers already making presence felt with Jets, Sister of Chargers owner sues Spanos, calls for sale, Prisco's draft grades for all 32 teams: Eagles ace it, 2024 mock: Williams No. She claims that the team has $353 million in debt and expenses. Alex Spanos, who was Dean Spanos father, purchased the L.A. Chargers in 1984 for about $40 million. Definitely a little familiar with them, but I definitely going to have to invest some time and study and learn a little bit more.". I'm very happy and I'm very blessed. The Los Angeles Chargers today tendered kicker Cameron Dicker as an exclusive rights free agent and signed tackle Foster Sarell. 6-keys: media/spln/nfl/reg/free/stories, By pressing sign up, I confirm that I have read and agree to the. The Spanos family owns 96% of the Chargers. All rights reserved. It's always long-term with these players when we're drafting them, from the first round to the sixth or seventh round. Boise State won 35-13. Berberian claims that Dean's decision to relocate the Chargers from San Diego back to Los Angeles in 2017 has put the trust more than $358 million in debt. At TCU, there were times where we didn't have any points on the board and I was the first one to score during my return, so I feel like I'm a party starter. ", "It's been 93 days since our last ball game, so we're ready to get started We're excited to start doing football. [2] Over the next 10 years, he bought out the He also has support from other family members and beneficiaries (though not all).. Learn more about how we use cookies in our cookie policy. Considering the fact Berberian has already filed a petition in Los Angeles County Superior Court asking that the trust and the team be put up for sale it stands to reason that she would put the team up for sale. 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. Take a look through some photos of the Chargers 2023 sixth-round Draft pick DT Scott Matlock, from Boise State. Over Check out some photos of first-round pick Quentin Johnston touching down in LA, heading to Chargers HQ, and more! Berberian also accuses her brothers of conspiring with Steven Cohen, the executive vice president and COO of The Spanos Corporation, to undermine Berberian by "deliberately" damaging her relationship with the pastor of her Greek Orthodox church, Father Alex Karloutsos. Both are co-trustees of the Spanos Family Trust which controls 36% of the Chargers. 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. On the latest edition of Let's Play, Sebastian Joseph-Day and Morgan Fox go head-to-head in a game of Madden 23. Oct 09, 2018 at 06:52 AM It is with heavy hearts that the Spanos family announces the death of Alexander Gus Spanos, founder of A.G. Spanos Companies and owner of the Chargers NFL Franchise. Berberian contends the trust has debts and expenses exceeding $353 million, with no plan for how it will pay $22 million it has pledged to charities. They are two of the type of guys that will be able to soak all of that up from [OLB] Joey Bosa and [OLB] Khalil Mack, and in Daiyan's case, from an Eric Kendricks. It's going to be exciting. Streisand previously represented Steve Ballmer in his purchase of the Clippers and Jeanie Buss in the legal fight that cemented her as controlling owner of the Lakers. The AG has the right to support our petition or to file its own petition seeking to compel the sale. Secure your 2023 Season Ticket Memberships today! All rights reserved. Learning the game that way helps you be more, I guess, capable to do one job because you know so many jobs on that football field. She filed papers in Los Angeles Superior Court in April contending that the familys trust is riddled with so much debt that a sale of the NFL franchise is the only way to resolve the issue. Rick Scuteri/Copyright 2022 The Associated Press. ", The families of Dean, Michael and Alexis Spanos Ruhl have since rebutted Berberian's claims in a statement issued to CBS Sports via Mark Fabiani, special counsel for the Chargers: "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 Spanos family owns 96% of the Chargers. So, why would she take this step? As a response, the three other siblings, Dean, Alexis Spanos Ruhl, and Michael Spanos, said, For the three of us, the Chargers is one of our familys most important legacies, just as it was for our parents. They said that theyre willing to buy their sisters share 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. His three siblings also hold significant ownership stakes. Via Daniel Popper of TheAthletic.com, a judge in L.A. Superior Court granted the request to move the lawsuit filed by Dea Spanos that seeks a forced sale of the team to San Joaquin County. The Chargers left San Diego at the end of the 2016 season after more than 50 years in the region. As soon as I got off the plane, I'm like, 'Yeah, I can feel it.' The debt includes $164 million associated with the Trusts Interest in the Chargers and at least $75 million in estate tax. It's going to be good. All rights reserved. Instead, what the State AG is asking for is to receive notice of everything filed in this case. "I'm excited. Clemson offensive tackle Jordan McFadden answers a question at the NCAA college football Atlantic Coast Conference Media Days in Charlotte, N.C., Wednesday, July 20, 2022. 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. Boise State won 30-7. Powered by Southern California McDonald's. We'll kind of see how it plays out in July and August.". It's going to create a lot within our locker room that, I think, is going to be really healthy, in terms of competition and fitting into a team that's already really good.". 11 of the players finished the 2022 season on the team's practice squad. On the eighth episode of ALL IN Season 2, go all-access on the Chargers young quarterback, Justin Herbert, and learn how his competitive drive has translated to clutch, highlight-worthy plays his whole career, including the Bolts recent win over the Dolphins on Sunday Night Football. The ownership dispute within the Los Angeles Chargers is now seeing involvement from the California Attorney General. If an owner wants to move the team back to Americas Finest City theyd have to either add on to Snapdragon Stadium, expanding it to around 55,000 seats, or find a place to build a new stadium. Chargers first-round pick arrives in L.A. for his first day as a member of the Chargers. Dean, Dea and their siblings Michael and Alexis all have a 15% ownership stake in the franchise. Gareth Patterson/Copyright 2022 The Associated Press. Take a look through some photos of the Chargers 2023 sixth-round Draft pick DT Scott Matlock, from Boise State. In April 2021 when she started the proceedings, even Jeff Bezos was mentioned as a potential buyer, but no sale has happened. Then, when you take it to an even further extent, it's just techniques, that's really what changes because each position requires a different technique, but the mental, the brain aspect, of that learning, it makes it just that much easier.". (AP Photo/Erin Hooley), Clemson offensive lineman Jordan McFadden runs a drill at the NFL football scouting combine in Indianapolis, Sunday, March 5, 2023. Dean and Michael Spanos and another sibling, Alexis Spanos Ruhl, have engaged in a public quarrel with Berberian. Adam Streisand, the attorney for Berberian, declined to comment. Take a look through some photos of the Chargers 2023 seventh-round Draft pick QB Max Duggan, from TCU. I've been in Texas all my life. The 2021 court filing alleges the Spanos family legacy is in danger of suffering irreparable financial and reputational damage.. 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. On 'focusing long-term' with the 'vision' for each player selected: "That's the whole thing. WebAlex Spanos was a shining example of how the American spirit of hard work and determination can pay off for those willing to follow their dreams. Litigation has emergedamong the members of the Spanos family regarding whether the Chargers should be sold. 1, Panthers' Bryce Young is all 'business now', Top picks Christian Gonzalez, Keion White reflect Patriots' ideal identity, Big takeaways from the NFL draft: A historic QB class, the rebuilt AFC South and new GMs thriving, NFL Nation sizes up all 259 draft selections, XFL semifinals: Defenders roll Sea Dragons, set up title showdown with Renegades. All rights reserved. They noted that she doesnt have a large enough stake to force a sale.
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