Dean Spanos, who owns 15% of the Los Angeles Chargers, is feeling pressure from his sister, Dea Spanos Berberian, to sell the Spanos family trust share of the franchise, which is reportedly in debt. AUSTIN - The presidential campaign of former Texas Gov. The vines are planted and pruned by hand, and all grapes are hand-picked during harvest. Known Addresses for Dea Spanos Berberian, 10100 Trinity Pkwy Stockton, CA 95219 Advertisements Source California Secretary of State Data last refreshed on Monday, July 12, 2021 SPANOS FAMILY TRUST executed by Husband and Wife, as Settlers, and A.G. Spanos, as . The suit also alleges that the move from San Diego to Los Angeles in 2017 was a financial catastrophe, and that the familys only option to satisfy the trusts debt of nearly $360 million is to sell the team. Spanos Berberian accuses her brothers Dean and Michael of recurrently behaving out of their deeply-held misogynistic attitudes and sense of entitlement as the men in the family and to rationalize their pitiable behavior which she believes is intended to teach her that a woman has no rights, no matter what any trust instrument might say.. They are the parents of four adult children: Dean Spanos, who serves as the Chargers' Team President; Micheal Spanos, who serves as the Charger's Executive Vice president; Alexis Spanos Ruhl, a vice president of A.G. Spanos Companies; and Dea Spanos Berberian, a vice president of A.G. Spanos Companies. Professional live-in nanny, 21, shares the six things she will NEVER do as part of her job - so do you agree with her list? Berberian says her brothers plan is hope., An interesting wrinkle in the petition, according to the report, is that Amazon founder Jeff Bezos is interested in becoming an NFL owner and the Chargers could be a perfect opportunity.. Perez of Front Office Sports, Dea Spanos Berberian, co-owner of . He is the son of Alex Spanos, who purchased majority interest in the team in 1984. Dea is executive vice president of A. G. Spanos Companies. Whoops! On the single issue certified for Commissioner arbitration, the Economous are proxies for, and asserting claims on behalf of, the Trust, which is an owner of a member club of the NFL, bound by the NFL Constitution & Bylaws.. His parents were both of Greek ancestry. [5], In May 2015, Spanos ceded control of the team to his sons, John and A.G., though he stayed on as chairman to oversee a failed new stadium process. All rights reserved, In Your Neighborhood: What's Happening this Weekend in San Diego, Walgreens Response to GOP AGs Who Oppose Abortion Sparks Mixed Responses, If it's Not COVID or the Flu, What is it? Registered in England and Wales. 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. Dean Alexander Spanos was born on May 26, 1950, in Stockton, California, the United States of America to parents, Alex Spanos and Faye Papafaklis. Of the remaining 64% of the Chargers ownership stake, Spanos, Berberian, Alexandra . , Dea Spanos Berberian Net Worth, Unused Rap Punchlines, How To Calculate Contrast Of An Image, How Far Is Mcdonough Georgia From Atlanta . (Carolyn Kaster / Associated Press) The allegations leveled by the sister of Chargers owner Dean Spanos in a Thursday court filing are stunning and sobering. Dea and Dean are actually on the same side in one legal battle: a petition in U.S. Tax Court on Jan. 10 to challenge $5.8 million in back taxes and penalties. On July 26, NFL general counsel Jeffrey Pash wrote in a letter to those parties that the NFL would arbitrate the brothers claim that involved the football holding company. Hayley Elwood. Web page addresses and e-mail addresses turn into links automatically. Robert paid $600 million for the Houston Texans after . [24][25], In 2016, Spanos was ranked number 21 on the USA Today list of 100 most important people in the NFL. What did Dean Spanos do? It appears that the Los Angeles Chargers franchise will remain in the Spanos family for the foreseeable future. Federal Drug Seizure Auction, [23] After Hurricane Harvey in 2017, Spanos and the Chargers donated $500,000 to hurricane relief. 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 because, she says, her brother Dean (left) has racked up $353 million in debt for the family trustDea Spanos Berberian (right) 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. Gavino Borquez. Uncategorized. 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 because, she says, her brother Dean's reckless spending has resulted in $353 million in mounting debt. The couple raised four children in Stockton as Alex Spanos built a billion-dollar . Thanks for contacting us. The NFL requires arbitration for any dispute over a team stake. They are the sons of one of Spanos' sisters, Dea Spanos Berberian. Image: Getty Images. Spanos, Berberian and their siblings Michael Spanos and Alexandra Spanos Ruhl each own 15% of the Chargers franchise, with 36% managed by the family trust and the remaining 4% owned by. The Spanos family has owned the LA Chargers since 1984 when the late Alex Spanos purchased 60% ownership of the team. Now, the question most Chargers fans will have is, of course, could this result in the Bolts moving back to San Diego? With Dean Spanos as a chairman, the San Diego Chargers have participated in several Super Bowls, becoming one of the top three teams with wins, including five AFC West titles in 2004, 2006, 2007, 2008 and 2009. Sixty percent of the team is owned by the four Spanos siblings Dean, Dea, Alexis Spanos Ruhl and Michael Spanos (15 percent each) with outsiders owning four percent. The trust controls 36%. The sister of Chargers controlling owner Dean Spanos appears to have backed off her push to force her brother to sell the team, though she is still suing him, and other family members, in a long-running dispute over the family trust that owns 36 percent of the team. Millions in debt. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. 'Every day that passes increases the risks that the charitable beneficiaries and the Spanos family legacy will suffer irreparable financial and reputational damage,' the filing says. They are the sons of one of Spanos' sisters, Dea Spanos Berberian. The Chargers are coming off a 7-9 season and have struggled to sell tickets since moving to LA, (From left to right)Dean, Michael, and A.G. Spanos during the NFL football game between the San Diego Chargers and the Jacksonville Jaguars at Qualcomm Stadium in 2014. It would seem unnecessary to opine on changed NFL team valuation conditions or media deal that she had referred to in her 2021 lawsuit. The venue is owned and operated by StadCo LA, LLC., a joint partnership with Kroenke Sports & Entertainment and the Los Angeles Chargers. 781-535-5656 Merlene Lenning. Chargers' owner Dean Spanos is being sued by his sister, Dea Spanos Berberian, for alleged misogynistic behavior and repeated breaches of fiduciary duty, per me and . 781-535-5822 Faygen Robidoux. The first time I met him was when he was an assistant [to Daly] on the Dream Team. "Perhaps even more importantly, the Denver Broncos were recently purchased for record-breaking $4.6 billion, and the fact that there are multiple bidders who were unsuccessful in that process has bolstered interest in other teams, especially in a major market like Los Angeles. [29] He was also awarded the 2004 Jose A. Cota Award for philanthropy and the Chargers support of law enforcement. Faye and Alex Spanos married in 1948 and would have marked their 70th wedding anniversary on Aug. 21. Unfortunately, our sister Dea seems to have a different and misguided personal agenda. San Diego Residents Report Rise in Viruses, First Floor of 22-Story Billion Dollar Resort Takes Shape on Chula Vista's Bayfront, La Mesa Woman Says Paving Company Forced Her to Pay for Unfinished Driveway, San Diego Lands on Top 20 List of Happiest Places to Live,' Other San Diego Cities on List. April 1, 2021 12:41 pm PT. In that motion, she agreed that elements of her initial lawsuit not under NFL oversight would go to a separate arbitration required by the trust. Dea had accused her two brothers of "misogynistic attitudes" in court documents, but her three siblings disputed the allegation. 452 Bowes Road, Unit 9. The Chargers are not the only NFL franchise with ownership in question over a family squabble. Copyright 2023 NBCUniversal Media, LLC. The NFL has held off intervening . [31] He also was inducted into the DeMolay International Alumni Hall of Fame. dea spanos berberian husband. Nov. 23, 2011 News Ticker Texas governor and GOP presidential candidate Rick Perry may be sliding in the polls, but he still has the backing of Chargers president Dean Spanos (pictured) and his. Alex Spanos bought the San Diego Chargers in 1984 and Dean Spanos took over managing the franchise in 1994. The comments below have not been moderated. The brothers believe to their cores that, regardless of what their parents intended and their wills specified, men are in charge and women should shut up, the suit says. [30], In 2002, Spanos was awarded the Ellis Island Medal of Honor, 16 years after his father received the award. E Nail Kit, If Our Great Grandparents Were Cousins What Are We, the seller can t send a return postage label. There was an error and we couldn't process your subscription. 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. Spanos, the son of Greek immigrants, Constantino and Evanthia Spanos was born in Sept. 28, 1923 in Stockton, California. Help us grow with a monthly contribution. Home; About us; Services This section can be locked, requiring permission to view. Adam Schefter. Chargers chairman Dean Spanos has been sued by two of his nephews who allege that he secretly diverted money from the family trust that owns 36% of the team. 2023 Informa USA, Inc., All rights reserved, Matthew Stockman/Getty Images Sport/Getty Images, RIA Roundup: Lazard Asset Management Acquires Truvvo Partners to Create $8B Family Office, Eight Must Reads for CRE Investors Today (March 3, 2023), Charitable Giving With Non-Charitable Trusts, Watercoolers Become RTO Measure as Remote-Work Debate Rages, Blackstone Defaults on 531 Million Nordic Property CMBS, The 12 Best Business Books of 2022 for Advisors, The Most-Revealing Onboarding Questions Advisors Ask, Allowed HTML tags: . CNN Los Angeles Chargers owner and chairman Dean Spanos is being sued by his sister and team co-owner Dea Spanos Berberian, who's accusing him of "misogynistic" behavior and repeated. Alexander Gus Spanos (September 28, 1923 - October 9, 2018) was an American billionaire real estate developer, founder of the A. G. Spanos Companies, and the majority owner of the San Diego / Los Angeles Chargers of the National Football League (NFL). 781-535-4308 Annittah Eifler. ", According to Perez, Dean and the rest of the family "have long pushed back that the family trust has ever had issues meeting past, present, and future obligations, including charitable pledges.". 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