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Dean Spanos' sister petitions court to force sale of LA Chargers fox29.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox29.com Daily Mail and Mail on Sunday newspapers.
As debt mounts, Spanos heirs in heated battle over Chargers ownership recordnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from recordnet.com Daily Mail and Mail on Sunday newspapers.
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.
Print 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. ....
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. ....