. Spanos will win again if the National Football League successfully maneuvers to push the case outside a courtroom altogether. Wait a minute. They stated Spanos Berberian seems to have a different and misguided personal agenda from their own plan to keep the NFL club in the family for generations to come. Her petition includes claims against Steven Cohen, the executive vice president of The Spanos Corporation. This site uses Akismet to reduce spam. Dean and Michael Spanos and another sibling, Alexis Spanos Ruhl, have engaged in a public quarrel with Berberian. In the meantime if Tebow had not missed his two passes late in the game, the Denver team would probably have won. After the Broncos' record $4.65 billion sale to the Walton-Penner family, one of Denver's AFC West rivals, the Chargers, could be next on the list of NFL franchises to be sold. Not a member? Dea Spanos Berberian filed a petition . "Throughout this entire ordeal that was instigated without justification by my sister Dea Berberian, my brother Dean has been unfailingly respectful of me and of my wishes. Yet none of those probably best describe what the son of Greek immigrants would use to describe himself: husband, father, grandfather and friend. Dean's sister Dea Spanos Berberian filed a lawsuit last week in San Joaquin County Superior Court seeking full control of the Spanos Family Trust, which has a 36 percent stake in the Chargers. Berberian is represented by Adam Streisand, who represented Jeanie Buss in her fight to gain control of the Lakers from her brothers, and Steve Ballmer in the proceeding that forced Donald Sterling to sell the Clippers. Last year, Dea Spanos Berberian filed a lawsuit seeking a forced sale of the largest available chunk of the L.A. Chargers. Meanwhile, the trust is so heavily concentrated in owning a minority stake in a professional football team that beneficiaries have no choice but to depend almost solely on the rise or fall of the Team.. Alex G. Spanos Founder, 1923 - 2018 The petition by Dea Spanos Berberian, who currently owns 15% of the Chargers, is seeking instruction by a California state court for how to manage the 36% share owned by the family's trust. Information from The Associated Press was used in this report. San Diego did not actually justified the compliments on the ground. The lawsuit was filed Thursday in San Joaquin County Superior Court by attorneys representing Dea Spanos Berberian, who is seeking sole control of a family trust that constitutes more than one-third of the Chargers' ownership. Spanos earned varsity letters in running and diving at the University of the Pacific in Stockton and later distinguished . While Forbes valued the Chargers at $2.6 billion last year, Berberians petition described the team as a rare trophy asset and noted that the price a buyer is willing to pay is often not dictated by any economic metric. The NFL recently finalized massive new media rights deals that could be worth more than $10 billion per year, something the filing asserts will certainly attract potential buyers., The petition noted reports that Amazon.com founder Jeff Bezos, worth an estimated $180 billion, is interested in becoming an NFL owner and said the Chargers could be a perfect opportunity.. The NFL declined to comment on the situation. Denver, Tebow was still the event of the day (16/36, 205 yards, 3 sacks, 2 trials, 2 steals, 13 runs, 94 yards, 1 trial). Its sad they they will tarnish all the wealth that was handed to them since birth. It probably wasnt a coincidence the legal action came in the wake of two industry developments, both favorable to fetching a higher price. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Dea Spanos Berberian filed a petition Thursday in San Joaquin County Superior Court seeking sole control of the family trust that has a 36% stake in the ownership of the Chargers. You must be logged in to leave a comment. Spanos and Berberian were left as co-trustees of the trust after the deaths of Alex and Faye Spanos in 2018. Ron is husband of Dea Berberian (daughter of Alexander Spanos - real estate developer, owns the San Diego Chargers) Sorry for my poor english translation. If not, could you forward this site to this person. The filing was made this week in San Joaquin County Super Court by Dea Spanos Berberian, Dean's sister. All Rights Reserved. Dea Spanos Berberian filed the petition and is one of four Spanos siblings who control the Spanos Family Trust, which in turn owns 36% of the franchise. 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 non-family members. Among other accusations of the lawsuit include using $105 million of the trust to pay off debts and another $60 million to buy a plane with no connection to the business. Turn on desktop notifications for breaking stories about interest? "Many people say that, but it made us more harm than good to hear," coach Norv Turner tempers. The filing also calls for the removal of her brother as a co-trustee and seeks unspecified damages. The filing. Los Angeles Chargers owner Dean Spanos has been accused of "misogynistic" behavior, "self-dealing" and repeated "breaches of fiduciary duty" by his sister in a lawsuit that escalates the siblings' ongoing legal battle over control of the team. And he has been fighting, along with my brother Michael and me, to fulfill the wishes of our mother, Faye, relating to our family and our businesses. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. Dean has failed to present any plan to address the Trusts bleak financial picture, because there is no other plan than the one urged by [Berberian]. 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. Dean Spanos, for what it's worth, has long insisted he will never sell the Chargers. ESPN also reported that a lawyer familiar with the matter believes Berberian is trying to embarrass her brothers and that all three siblings, including Michael and Alexis Spanos, stand together in opposing her. Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. In June 2002, Dea's husband Ron, from a wealthy Stockton family, announced he and Alex Spanos were buying the Bell Wine Cellars, an ultra-premium Napa Valley winery run by Anthony Bell that has since made . You may occasionally receive promotional content from the Los Angeles Times. Faye and Alex Spanos married in 1948 and would have marked their 70th wedding anniversary on Aug. 21. The defense, she will benefit from the return of the machine Sacker, Shawne Merriman, who both missed last season. It claims the only solution for the finances is to sell the NFL . --- And then, getting way ahead of ourselves, if other large obstacles were surmounted, the Chargers could be relocated to San Diego, making Dea Spanos Berberian as popular here as Fernando Tatis Jr. Not happening, said Dean Spanos and his other two siblings. Spanos sued by sister as Chargers feud escalates, The future of the NFL combine: Is there really a chance it could end forever? Who would have thought Klein the old owner would be so sorely missed. For the three of us, the Chargers is one of our familys most important legacies, just as it was for our parents, the statement said. Tom Eddy Wines Spanos-Berberian Vineyard Cabernet Sauvignon Napa Valley, USA Avg Price (ex-tax) $ 452 / 750ml Red - Bold and Structured 3 from 1 User Rating 89 / 100 from 2 Critic Reviews Only a couple of critics have rated this Napa Valley wine so far. He also has support from other family members and beneficiaries (though not all).. Just ask Michael Vick what he thinks. Berberian accuses brothers Dean and Michael of repeatedly acting "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." Dean will likely contend that if he is only allowed to use his position as a Co-Trustee to be a speculator to double and triple down on bad decisions of the past, he can turn things around because there are positive developments at the NFL level that should benefit the Chargers as well, the petition said. Spanos also allegedly manipulated the trust to borrow over $60 million "for the wasteful purchase of an airplane for Dean's and Michael's use that has no legitimate business justification.". 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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). If there is a significant tax risk on the horizon, an issue the L.A. judge and the Spanos family lawyers may have to sort out is whether waiting to sell the team is a violation of fiduciary responsibility. U-T draft analyst Eddie Brown has the Chicago Bears considering a trade, Privacy PolicyTerms of ServiceSign Up For Our NewslettersSite Map, Copyright 2023, The San Diego Union-Tribune |. A lawyer familiar with the matter told ESPN that Berberian's motive for filing the suit is to embarrass Spanos publicly. --- In addition, according to the filing, the trust doesnt have a plan to pay more than $22 million it has pledged to charities. Her siblings say they love owning the football team. I see another great franchise going down in flames due to greed of the already wealthy. The suit also asks the court to suspend and remove Spanos as a co-trustee and seeks unspecified financial damages awarded to Berberian. Information from The Associated Press was used in this report. Dean refuses to consider a sale of the Trusts 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, the petition said. Business leader Dea Berberian, Adobe executive Brian J. Miller and philanthropist Janet Rogers are the newest members of the University of the Pacific's Board of Regents. Smith runs second-fastest 40 by DL since 03, Saleh compares Carr to Stafford pre-Rams trade, Allen to be ready to roll for offseason program, How to maximize leverage of No. Adam Streisand, the attorney for Berberian, declined to comment. -> Created for Dea Berberian, Ron Berberian. The Spanos family, screwing up the Chargers since 1984. Berberian is being represented by Adam Streisand, who also represented Jeanie Buss when she wrested control of the Los Angeles Lakers from her brothers and Steve Ballmer in the trial to force Donald Sterling to sell the LA Clippers. Berberian contends that the Spanos family trust and subtrusts are all but insolvent, that Spanos' decision to move the Chargers to Los Angeles has proved financially ruinous and that the family has no option but to sell the team to satisfy the trust's debt obligations, which she says are currently in excess of $358 million. Spanos Berberian seeks a California state court ruling on how to manage the 36 percent share owned by the trust. Alexis Spanos Ruhl also released an additional statement defending Dean. It remains a remarkable campaign and has become one of the best quarterbacks in the league. In both attack and defense, they have no real weaknesses. The trust's beneficiaries are the four Spanos siblings: Dea, Dean, Michael Spanos and Alexis Spanos Ruhl. Suddenly, San Diegans have a Spanos to root for. Her lawsuit also requests the court suspend and remove Dean Spanos as a co-trustee, accusing both he and brother Michael, the team's vice chairman, of operating "out of their deeply held misogynistic attitudes and sense of entitlement as the men in the family." In addition, according. As noted by Daniel Kaplan of TheAthletic.com, Berberian agreed earlier this week that her 2021 lawsuit, aimed at forcing the sale of the 36-percent interest held by the familys trust, should go to the NFLs secret, rigged kangaroo court (i.e., arbitration). 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. Suddenly, San Diegans have a Spanos to root for. The four siblings are equal beneficiaries of the family trust, according to court documents. And if it were accepted that the team must be sold to take advantage of favorable tax treatment under current law, selling a controlling stake would fetch the highest price and would align with fiduciary responsibility. Published Berberian is being represented by Adam Streisand, who also represented Jeanie Buss when she wrested control of the Los Angeles Lakers from her brothers and Steve Ballmer in the trial to force Donald Sterling to sell the LA Clippers. True to Dean Spanos forecast late in the franchises San Diego tenure, the Chargers have remained a career vehicle for generations of Spanos family members, seven of whom are listed in the club directory in the teams 2020 media guide. Siblings in attendance included brother and Chargers executive vice president Michael Spanos and wife Helen; sister Dea Spanos Berberian, a vice president of A.G. Spanos Companies, and her husband . 2023 ABG-SI LLC. In her petition, Spanos Berberian argued mounting debt has imperiled the familys finances and the only solution is to put the NFL franchise on the market. Focus Wednesday on the AFC West division by far the lowest in the American Conference. ", The families of Dean, Michael and Alexis Spanos Ruhl have since rebutted Berberian's claims in a statement issued to CBS Sports via Mark Fabiani, special counsel for the Chargers: "It is unfortunate that our sister Dea, who clearly has no interest in continuing to participate in the family's businesses, has resorted to leveling false and provocative charges in an attempt to impose her will on the rest of the family. Go Bolts.. Changing ownership is not a bad thing. The families of Dean Spanos, Alexis Spanos Ruhl and Michael Spanos released a statement later Friday reaffirming their unity. They have four adult children: Dean Spanos, the Chargers' team president; Michael Spanos, the Chargers' 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. The family trust that holds the majority ownership of the Los Angeles Chargers is in such a dire financial situation that Dea Spanos Berberian, the sister of controlling owner Dean Spanos, wants . The making and sale of fine wine is a pursuit of Dea Spanos Berberian, Alex's first born daughter, secretary of the A.G. Spanos board. But the 156-page filing raises questions about the future of the franchise owned by the Spanos family since 1984 and reveals a family dispute that until now had played out in private. He also served as the Angels beat writer for The Times and the Register. She has been the co-owner of the Los Angeles . The families of Dean Spanos, Alexis Spanos Ruhl and Michael Spanos released a statement later Friday reaffirming their unity. Jun 10, 2022 at 04:51 PM . In the petition, Berberian accuses her brothers Dean and Michael of repeatedly acting out of their deeply-held misogynistic attitudes and sense of entitlement as the men in the family 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., It also states that Dean and Michael believe to their cores that, regardless of what their parents intended and their wills specified, men are in charge and women should shut up., In a statement issued Friday by the families of Alexis Spanos Ruhl, Michael Spanos and Dean Spanos, they said: It is unfortunate that our sister Dea, who clearly has no interest in continuing to participate in the familys businesses, has resorted to leveling false and provocative charges in an attempt to impose her will on the rest of the family. 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. And that ultimately may be why this lawsuit was filed. Statement Issued by the Families of Alexis Spanos Ruhl, Michael Spanos and Dean Spanos. 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. The legal conflict involving the Spanos siblings came to light in April 2021, when Berberian petitioned the Los Angeles County Superior Court to put the trust up for sale because of growing financial concerns. In March 2021, she filed a petition to Los Angeles Superior Court asking the franchise be sold due to mounting trust debts. (In San Diego arose the old football chant, spelled with a twist: Dea-Fence Dea-Fence!). Following the deaths of their parents in 2018, Spanos and Berberian were named co-trustees of the trust, which holds a 36% ownership stake in the team, court filings show. Berberian claims that Dean's decision to relocate the Chargers from San Diego back to Los Angeles in 2017 has put the trust more than $358 million in debt. -> Created for Dea Berberian, Ron Berberian. Please check the opt-in box to acknowledge that you would like to subscribe. Dea Spanos Berberian, sister of Los Angeles Chargers owner Dean Spanos, is trying to force a sale of the franchise because of the family's current financial state. The petition was filed in San Joaquin County Superior Court by attorneys representing Dea Spanos Berberian, who seeks control of a family trust that makes up 36% of the Chargers ownership. And he has been fighting, along with my brother Michael and me, to fulfill the wishes of our mother, Faye, relating to our family and our businesses. Not until next season after a draft that the Broncos can not afford to squander. Berberian also accuses her brothers of conspiring with Steven Cohen, the executive vice president and COO of The Spanos Corporation, to undermine Berberian by "deliberately" damaging her relationship with the pastor of her Greek Orthodox church, Father Alex Karloutsos. Berberian points to one instance where she said financials were manipulated to borrow more than $60 million for the wasteful purchase of an airplane for Deans and Michaels use that has no legitimate business justification, according to the lawsuit. The racing game, LaDainian Tomlinson with the tandem-Darren Sproles, is frightening, especially as LT intends to rediscover the form that had him a star. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". It was good the Chargers because Rivers was not a great day (21/37, 313 yards, 5 sacks, 1 interception). Berberian's sons, Dimitri and Lex Economou, also previously filed a lawsuit against Dean Spanos, alleging that he secretly diverted money from the trust. Smart girl. What a crock. But the whole is very attractive. Already looking forward to the 2023 NFL Draft? His father owned a small bakery. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The current political climate may be creating a potential for tax and legal exposure to the Spanos family trustees, absent a sale, that its caretakers would do well to consider. They now have an emerging superstar at quarterback in Justin Herbert and share the $5-billion SoFi Stadium with the Rams. 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. "It is unfortunate that our sister Dea, who clearly has no interest in continuing to participate in the family's businesses, has resorted to leveling false and provocative charges in an attempt to impose her will on the rest of the family," the statement read. Additionally, Berberian claims the Chargers move from San Diego to Los Angeles was financially ruinous and the family needs to sell to recoup the trusts debt. Berberian argues that her brothers have pursued a campaign to punish, belittle and humiliate her in retaliation for speaking against their management of the family trust. And he has been fighting, along with my brother Michael and me, to fulfill the wishes of our mother, Faye, relating to our family and our businesses. -> Site for Ron Berberian, Dea Berberian. The lawsuit was filed Thursday in San Joaquin County Superior Court by attorneys representing Dea Spanos Berberian, who is seeking sole control of a family trust that constitutes more than one-third of the Chargers' ownership. 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 non-family members. -> Created for Dea Berberian, Ron Berberian. The Spanos brothers, her lawsuit argues, "believe to their cores that, regardless of what their parents intended and their wills specified, men are in charge and women should shut up. According to the filing, Berberian attempted numerous times and numerous ways to resolve the dispute. "Throughout this entire ordeal that was instigated without justification by my sister Dea Berberian, my brother Dean has been unfailingly respectful of me and of my wishes. At the end of the 1994 season, the Chargers faced the San Francisco 49ers in Super Bowl XXIX and lost 49-26.