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Chargers Owner, Siblings Defend Team's Ownership In Face of New Challenge

By City News Service
Apr 1, 2021
LOS ANGELES (CNS) - Chargers owner Dean Spanos and two of his siblings said today they are prepared to buy out their sister's stake in the team following her filing of court papers looking to compel a sale of the franchise.
“Our parents, Alex and Faye, wanted the Chargers to be part of the Spanos family for generations to come,'' according to a joint statement from Dean Spanos, Michael Spanos and Alexis Spanos Ruhl. “For the three of us the Chargers is one of our family's most important legacies, just as it was for our parents.

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As debt mounts, Spanos heirs in heated battle over Chargers ownership

As debt mounts, Spanos heirs in heated battle over Chargers ownership
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Dean Spanos' sister asks court to force sale of the Chargers -

LOS ANGELES (KUSI) – Dea Spanos Berberian, the sister of controlling the Los Angeles Chargers controlling owner, Dean Spanos, has filed a petition in Los Angeles County Superior Court asking a judge to order the sale of the Chargers in order to pay for the family trust’s debts.
The Los Angeles Times reports that Dea Spanos Berberian serves “as co-trustee of the family trust along with her brother,” and says the petition “alleges the trust’s debts and expenses exceed $353 million.”
The petition reads, “Dean refuses to consider a sale of the Trust’s 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.” Continuing, “Dean has failed to present any plan to address the Trust’s bleak financial picture, because there is no other plan than the one urged by [Berberian]. Dean simply refuses to discuss it. … His plan is hope.”

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Dean Spanos' sister asks court to force sale of Chargers

Dean Spanos' sister asks court to force sale of Chargers
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Dean Spanos' sister asks L.A. court to force Chargers sale

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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 family’s finances and the only solution is to put the NFL franchise on the market.
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. In addition, according to the filing, the trust doesn’t have a plan to pay more than $22 million it has pledged to charities.

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Chargers owner Dean Spanos' sister petitions court to force sale of team over mounting debt

Chargers 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

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