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--- Spanos and Berberian were left as co-trustees of the trust following the deaths of Alex and Faye Spanos in 2018. 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. In March 2021, she filed a petition to Los Angeles Superior Court asking the franchise be sold due to mounting trust debts. Alexander Gus Spanos (September 28, 1923 - October 9, 2018) is an American real estate developer and self-made billionaire of Greek origin who is the majority owner of the NFL's Los Angeles Chargers, who also founded the A.G. Spanos Companies. 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. 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. Alex and Faye Spanos, the siblings' parents, who died three years ago, created the trust in 1998. Without family, you will be left emotionally empty, no matter how fabulous your accomplishments.. The NFL has declined comment on the matter. 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. Los Angeles Chargers owner and chairman Dean Spanos is being sued by his sister and team co-owner Dea Spanos Berberian, whos accusing him of misogynistic behavior and repeated breaches of fiduciary duty in his role as controlling owner of the NFL franchise. Dea Spanos Berberian SECRETARY OF THE BOARD Dea is also Executive Vice President of the A. G. Spanos Companies and in charge of community relations. The trust's beneficiaries are the four Spanos siblings: Dea, Dean, Michael Spanos and Alexis Spanos Ruhl. Fenno writes that Berberian argues " that mounting debt has imperiled the family's finances and the only solution is to put the NFL franchise on the market ." 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. Berberian, the sister of the Chargers' owner . Alexis Spanos Ruhl also released an additional statement defending Dean. Suddenly, San Diegans have a Spanos to root for. Chargers owner Dean Spanos attends the NFL team owners meetings in New York in October. 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. NFL Combine 2023: Colossal Richardson breaks QB records, Jackson Mahomes accused of assault at Kansas restaurant, NFL combine measurements: Full list of WR, TE numbers, Agent's Take: Rodgers' trade value, logistics, best fit, Ex-Patriots star McGinest facing 8 years in prison, Gould to test market, won't kick for 49ers in '23. 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. These changes may not happen, and may not be applicable to the Spanos family trust. 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. The three of us and our children, representing more than 75 percent of the family and its ownership of its businesses, stand united in support of our parents' and grandparents' wishes, including as to the continued ownership and operation of the Chargers. Sorry for my poor english translation. Chargers owner Dean Spanos has been accused of misogynistic behavior and repeated breaches of fiduciary duty by his sister in a court filing that this week further advanced the ongoing legal battle involving the siblings. Alexis Spanos Ruhl BOARD MEMBER Alexis serves as a company liaison to local non-profit agencies. The value of the trusts assets would seem to far exceed the debt. The stake in the Chargers makes up 83% of the trusts holdings. His other stops include the Palm Beach Post and the South Florida Sun-Sentinel. 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. Beyond the 36% owned by the trust, Spanos, Berberian and their siblings, Michael and Alexis , each own 15% of the Chargers, with the remaining 4% belonging to non-family members. Spanos and Berberian were left as co-trustees of the trust following the deaths of their parents, Alex and Faye, in 2018. In both attack and defense, they have no real weaknesses. Information from The Associated Press was used in this report. It was probably something that Tim Tebow. Regarding the breaches of fiduciary duty, Berberians petition contends that Spanos repeatedly manipulated the trusts financials for his personal gain. However, it still takes large risks on an entire season and he can not keep this pace. The three of us and our children, representing more than 75% of the family and its ownership of its businesses, stand united in support of our parents and grandparents wishes, including as to the continued ownership and operation of the Chargers., In a separate statement, Ruhl said her brother Dean has been unfailingly respectful of me and of my wishes.. All Rights Reserved. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Spanos will win again if the National Football League successfully maneuvers to push the case outside a courtroom altogether. No doubt that Tebow had better be ready for next season opposing defensive coordinators will certainly have adjusted their defensive tactics to counter it. The Chargers have six players and a coach entered the Pro Football Hall of Fame: The wide receiver Lance Alworth (1962-1970), the defensive end Fred Dean (1975-1981), quarterback Dan Fouts on (1973-1987), head coach / general manager Sid Gillman (1960-1969, 1971), wide receiver Charlie Joiner (1976-1986), offensive lineman Ron Mix (1960-1969) and the tight end Kellen Winslow (1979-1987). During the 34 years following the merger, the Chargers went ten times in the playoffs four times and reached the final of the AFC. 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. Learn how your comment data is processed. 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. She knew right then, the team needed new ownership. He still almost lost two balls. The NFL declined to comment on the situation. 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. STOCKTON - Chargers controlling owner Dean Spanos faces several allegations in a new lawsuit. Focus Wednesday on the AFC West division by far the lowest in the American Conference. Menu & Reservations Make Reservations . Dean Alexander Spanos (born May 26, 1950) is the chairman and owner of the National Football League (NFL)'s San Diego / Los Angeles Chargers franchise. I see another great franchise going down in flames due to greed of the already wealthy. In this latest filing citing financial statements Berberian says the trusts debts totaled more than $358 million as of Dec. 31. According to the petition, the trust had debts and expenses of $353 million as of Sept. 30. "The statements made in today's court filing about my brother Dean Spanos are outrageously untrue," the statement read. As for the offensive line, it is very competitive, even if the departure of guard Mike Goff is harmful. The venture acquired interest in the brand name and assets of Bell Wine Cellars, and a new partnership was formed with . 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 two other siblings team vice chairman Michael Spanos and Alexis Spanos Ruhl each individually own 15% of the Chargers. Spanos Berberian Wine Co 2021 W March Ln Stockton CA 95207. She also accuses her brothers of fiduciary mismanagement that has left the Spanos family trust with more than $358 million of debt as of the end of 2021, the lawsuit shows. Neither Berberian nor Streisand responded to ESPN's requests for comment. Berberian contends the situation is too dire to wait. For his part, her brother Dean, who manages the operations of the team, argues that their parents . "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. dvelopper et amliorer nos produits et services. The three of us and our children, representing more than 75% of the family and its ownership of its businesses, stand united in support of our parents and grandparents wishes, including as to the continued ownership and operation of the Chargers.. Spanos sued by sister as Chargers feud escalates, The future of the NFL combine: Is there really a chance it could end forever? Lawsuit was filed today in California and calls for Dean Spanos to be removed as a co-trustee. 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. For more Los Angeles Chargers coverage, go toCharger Report. The petition was filed by Dea Spanos Berberian, who serves a co-trustee of the family trust with Chargers owner Dean Spanos. The new lawsuit, which focuses on ousting Dean Spanos as a co-trustee, presumably was drafted to navigate any potential arbitration obligation. Berberian's sons, Dimitri and Lex Economou, also previously filed a lawsuit against Dean Spanos, alleging that he secretly diverted money from the trust. Her three siblings are not thrilled with the situation. John oversees the teams football operations and A.G. heads the business side. The family trust controls 36% of the team with the remainder owned by nonfamily members. Los Angeles Chargers owner Dean Spanos at a game in 2019. Anime, ice sculpting and Buffalo wings: NFL teams get creative as 2022 season schedule is released, In her lawsuit, Berberian alleges that Dean Spanos and brother Michael have acted against their parents wishes out of their deeply-held misogynistic attitudes and sense of entitlement as the men in the family in order to teach her that a woman has no rights.. Berberian seeks sole control of the family trust that owns the largest share of the franchise, according to a petition filed in San Joaquin County Superior Court. The legal conflict came into public view in April 2021, when Berberian petitioned the Los Angeles County Superior Court to put the trust up for sale. 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." 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 . Register now! . Ask the Browns and Commanders fans. 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. Busy times are ahead, for lawyers representing the Spanos family. 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.". Spanos and Berberian were left as co-trustees of the trust after the deaths of Alex and Faye Spanos in 2018. Did you encounter any technical issues? 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. 2. When previous owners Alex and Faye Spanos died in 2018, they left each of their four kids 15% of the team, and another 36% to the family trust with Dean Spanos and Berberian as co-trustees. 8 Attorneys for Dea Spanos Berberian, Co- Trustee of the Alex and Faye Spanos Family 9 Trust, dated January 27, 1998, as amended and restated on June 28, 2007 10 11 SUPERIOR COURT OF THE STATE OF CALIFORNIA 12 COUNTY OF LOS ANGELES 13 14 In re the Case No. The lawyer went on to say that Berberian's three siblings, Dean, Michael and Alexis, have stood firmly in opposing her in the past and that "today's lawsuit will receive the same reaction.". He previously spent 20 years as a sports columnist for the Orange County Register and, before that, the Miami Herald. CNN Sans & 2016 Cable News Network. They are the sons of one of Spanos' sisters, Dea Spanos Berberian. In addition, according to the filing, the trust doesnt have a plan to pay more than $22 million it has pledged to charities. 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). Dean Spanos and Berberian are the sole co-trustees. It underscored the importance that family played in his decisions. 15 Alex and Faye Spanos Family Trust, PETITION FOR ORDERS XFL Week 3 preview: Can AJ McCarron, Battlehawks continue their fourth-quarter heroics? Tim will still work its launch. Voluntary arbitration is legal in employment contracts. Published Dea Spanos Berberian, 62, is secretary of the board and executive vice president. This year, Berberian has filed a lawsuit seeking control over the trust . All 2010 2007 Prices Profile Reviews Vintages Analytics 1 Price Compact view Set alert What will the Buffalo Bills do without defensive coordinator Leslie Frazier? With the NFL combine starting Tuesday in Indianapolis, here are five positions the Los Angeles Chargers might focus on during this offseason. Dean Spanos, for what it's worth, has long insisted he will never sell the Chargers. Before the Chargers moved to L.A. the relocation led one columnist to brand Dean Spanos as the most hated man in San Diego he kept a copy of his fathers autobiography in his office. Los Angeles Chargers controlling owner Dean Spanos has already earned one victory this summer by getting his legal dispute with his sister, Dea Spanos Berberian, moved out of Los Angeles.