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Dean Spanos' sister petitions court to force Chargers' sale Follow Us
Question of the Day By JOE REEDY - Associated Press - Thursday, April 1, 2021
LOS ANGELES (AP) - 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.
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.
According to the petition, the trust had debts and expenses of $353 million as of Sept. 30. Nearly half of that ($164,778,931) is due to the trust’s investment in the Chargers. The trust’s stake in the Chargers makes up 83% of its holdings.
CaliforniaUnited-statesSan-diegoLos-angelesWashingtonMichael-spanosSpanos-ruhlAlexandra-spanos-ruhlDea-spanos-berberianDean-spanosDaniel-snyderFaye-spanosChargers owner Dean Spanos's sister petitions court to force sale of team, saying that her brother's reckless spending has resulted in $353 million in mounting debt for the family trust
The daughter of late Chargers owner Alex Spanos has filed a lawsuit in a bid to force the family trust's sale of the Los Angeles-based NFL franchise
Dea Spanos Berberian says the reckless spending by her brother Dean, the team's controlling owner, has resulted in $353 million in debt for the family trust
The budget shortfall is so bad, Berberian claims, that the family trust might be forced to renege on $22 million that has already been pledged to charities
San-diegoCaliforniaUnited-statesLos-angelesWashingtonSteve-ballmerMichael-spanosSpanos-ruhlDea-spanos-berberianDean-spanosDaniel-snyderAdam-streisand