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Chargers owner Dean Spanos accused by sister of fiduciary mismanagement

The lawsuit, filed by Dea Spanos Berberian, escalates the battle over control of the NFL franchise.

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Chargers owner accused by sister of fiduciary mismanagement | Taiwan News

Chargers owner accused by sister of fiduciary mismanagement | 2022-06-11 07:41:34

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Dean Spanos' sister petitions court to force sale of LA Chargers

Dean Spanos' sister petitions court to force sale of LA Chargers
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Dean Spanos' sister petitions court to force sale of LA Chargers

Dean Spanos' sister petitions court to force sale of LA Chargers
fox10phoenix.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox10phoenix.com Daily Mail and Mail on Sunday newspapers.

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Dean Spanos' sister petitions court to force Chargers' sale

Dean Spanos' sister petitions court to force Chargers' sale
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Question of the Day
By JOE REEDY
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Associated Press
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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.

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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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