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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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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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Spanos siblings say they won't sell Chargers


Spanos siblings say they won t sell Chargers
By Zac Wassink
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Last updated 4/1/21
Earlier on Thursday, reports surfaced that Dea Spanos Berberian had requested that Los Angeles Chargers owner Dean Spanos and her other two siblings agree to sell the NFL franchise to offset massive amounts of debt linked with the family trust. 
Every day that passes increases the risks that the charitable beneficiaries and the Spanos family legacy will suffer irreparable financial and reputational damage, she wrote in a petition. 
Dean Spanos, Alexis Spanos Ruhl and Michael Spanos responded via a statement shared on the Chargers website: 
Our parents, Alex and Faye, wanted the Chargers to be part of the Spanos Family for generations to come. For the three of us the Chargers is one of our family s most important legacies, just as it was for our parents. Unfortunately, our sister Dea seems to have a different and misguided personal agenda. If De ....

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