Dean Spanos' sister asks L.A. court to force Chargers sale - Los He isn't one of these kids that played five or six years with the COVID rule. As a response, the three other siblings, Dean, Alexis Spanos Ruhl, and Michael Spanos, said, For the three of us, the Chargers is one of our familys most important legacies, just as it was for our parents. They said that theyre willing to buy their sisters share of the team. I'm super excited.". On his punt return and kickoff return abilities: "My game, as a returner, I always tell people that I'm explosive. The Chargers will take on the Arizona Cardinals on Sunday at 1:05pm at State Farm Stadium. The suit also asks the court to suspend and remove Spanos as a co-trustee and seeks unspecified financial damages awarded to Berberian. Take a look through some photos of the Chargers 2023 seventh-round Draft pick QB Max Duggan, from TCU. Dean Spanos, Alexis Spanos Ruhl and Michael Spanos have stated they will not be selling any aspect of the team and disagree with their sisters stance about the franchise. Then theres the relocation fee, which was $650 million for the Bolts to go to L.A. Maybe this is what I thought his role would be, and then some things happen and this is what it becomes. The statements made in todays court filing about my brother Dean Spanos are outrageously untrue, Ruhls statement read. To walk in the room with Mike Williams and [WR] Keenan Allen, it can't get much better than that. My agent was telling me, like, 'Get ready to move, Tuli.' More:Faye Spanos: A wonderful person, a wonderful life, More:Whos who of civic, sports leaders bid farewell to Alex Spanos, Photos: Remembering the life, legacy of Alex Spanos. Dea Spanos Berberian filed a petition in L.A. Superior Court to pursue a sale of the team. Rebecca Blackwell/Copyright 2022 The Associated Press. Rick Scuteri/Copyright 2022 The Associated Press. Copyright 2023 NBCUniversal Media, LLC. Someone that you definitely have to double, and if you don't, you're going to lose. All-time NFL Draft list of Connecticut high school football players Spanos family fight is another setback for Spanos family litigation may end up in arbitration The Economou brothers, the L.A. Times reported, want the money returned, along with damages. According to Forbes.com, the teams worth in the spring 2021 was $2.6 billion. Chargers owner Dean Spanos sued by sister for financially 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. The AG has the right to support our petition or to file its own petition seeking to compel the sale. (AP Photo/LM Otero, File), TCU quarterback Max Duggan (15) passes during the first half of an NCAA college football game against Baylor in Waco, Texas, Saturday, Nov. 19, 2022. 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. In it, she argues that mounting debt has imperiled the familys finances and that the only solution is to put the NFL franchise on the market. The Los Angeles Chargers today re-signed defensive lineman Morgan Fox. This is normal state AGs often get involved with large charitable trusts. A private jet to get a haircut. Darron Cummings/Copyright 2023 The Associated Press. 32 lingering post-draft questions: Will Lions have regrets? Will Levis opens up about emotional draft day, Steelers' first draft under Omar Khan was 'aggressive' and achieved high marks, After hoopla of going No. Secure your 2023 Season Ticket Memberships today! 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. You have receiver movements if you're a gunner. The Los Angeles Chargers today re-signed center/guard Will Clapp. Certainly, as you're building your offense, we're building it around our franchise quarterback.". I know that they'll take full advantage of it. Dean Spanos, the controlling owner of the Chargers, was accused of repeated breaches of fiduciary duty and self-dealing by his sister in a lawsuit, which also claimed I wanted the best to learn from, and, man, Joey Bosa and Khalil [Mack]? That's a good way to start it off as a player. 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.. The Spanos family owns 96% of the Chargers. She is represented by Adam Streisand, the same attorney who helped Jeanie Buss take control of the Los Angeles Lakers in the NBA. Full list of Mr. Irrelevants in NFL draft history: Is Brock Purdy already the best final pick? The LA Chargers are owned by Dean Spanos and the Spanos family following the passing of Alex and Faye Spanos in 2018. I'm very happy and I'm very blessed. Enter address: This website, like most media sites, uses small files called cookies to anonymously customize the advertising that you see. According to Daniel Popper of TheAthletic.com, California AG Rob Bonta filed court papers to become involved in the legal filings between Dea Spanos Berberian and her siblings over the future of the franchise. A lawyer familiar with the matter told ESPN that Berberian's motive for filing the suit is to embarrass Spanos publicly. Things can only get worse for all sides! 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. All rights reserved. In 1995, they created The Chargers Impact Fund, which has given $13 million so far to various programs. Spanos family I'm just blessed to be a Charger. All rights reserved. I think all three of these guys fit what we want in a football player at their positions. Take a deep dive into the defensive resurgence that powered this postseason push, including how the Bolts stymied two of the most explosive offenses in the league. The plaintiffs are the sons of a Spanos sister, Dea Spanos Berberian. The petition paints a bleak picture of its finances, estimating an annual shortfall of $11 million with little cash flow or reason to believe the numbers will improve. Obviously, there will be a short-term outlook on how they may fit a role early, but after that, as you know, where do we project them three or four years down the road? ", Alexis, Dean's other sister, has also pushed back against Berberian's allegations: "The statements made in today's court filing about my brother Dean Spanos are outrageously untrue," she wrote. Dean Spanos' sister asks Stephen Spillman/Copyright 2022 The Associated Press. Great work ethic that we love. On this edition of Let's Play, tight end Tre' McKitty and linebacker face off in a race of F1 2021. Boise State defensive tackle Scott Matlock (99) lines up against Tennessee-Martin in the second half of an NCAA college football game, Saturday, Sept. 17, 2022, in Boise, Idaho. The Chargers will take on the Las Vegas Raiders on Sunday at 1:25pm at State Farm Stadium. Me personally, I feel like I get the party started. We'll kind of see how it plays out in July and August.". She claims that the team has $353 million in debt and expenses. The Chargers' owners, the Spanos family, are taking a huge gamble that scrutinized Brandon Staley can make a huge leap as a coach and make his team super. 342 (12) Take a look at top quotes from Chargers General Manager Tom Telesco, Chargers Head Coach Brandon Staley and the Chargers draft picks' media availability from draft weekend: "He's big, strong and fast. Learn how your comment data is processed. In her estimation its necessary to overturn years of financial mismanagement by Dean, Michael, and Steve Cohen (executive vice president of The Spanos Corporation). That's how I feel about special teams. On Johnston joining the wide receivers room: "It's going to be tremendous [for his development]. Market Realist is a registered trademark. The Los Angeles Chargers today signed the following 12 players to Reserve/Future free agent contracts. Check out where the Chargers front office will be based for night one of the 2023 NFL Draft! Please check the opt-in box to acknowledge that you would like to subscribe. Uncle Ardy from Pirnia Law Group shows off his Chargers buses that can be seen around SoFi Stadium on gameday. [Laughter] I'm going to be home, so I'm good to go. 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. Photos: Chargers Draft Room in Century City, Photos: Quentin Johnston Lands in Los Angeles, Photos: Quentin Johnston's First Day as a Charger, Photos: Get to Know Fifth Round Pick Jordan McFadden, Photos: Get to Know Sixth Round Pick Scott Matlock, Photos: Get to Know Seventh Round Pick Max Duggan. Boise State defensive tackle Scott Matlock (99) lines up against Tennessee-Martin in the second half of an NCAA college football game, Saturday, Sept. 17, 2022, in Boise, Idaho. Berberian accused Michael Spanos of falsely representing himself as a co-trustee of the family trust, and claimed Michael and Cohen played roles in aiding and abetting Deans breaches of fiduciary duty., The lawsuit also accused the Spanos brothers of misogynistic behavior and of actions designed to keep Dea in the dark from business dealings. The Pasadena native spent four seasons as the Chargers beat reporter for SCNG and covered the Raiders before that for the Las Vegas Review-Journal. Information from The Associated Press was used in this report. 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. It's one of those things that's part of the process. One example, taken from the lawsuit: Dean continues to use Trust assets as collateral, draw on the Trusts lines of, credit, and refuses to pay dividends for his own personal benefit and in breach of his fiduciary duties. I'm talking about what do we really have? He's 21-years-old. If an owner wants to move the team back to Americas Finest City theyd have to either add on to Snapdragon Stadium, expanding it to around 55,000 seats, or find a place to build a new stadium. TCU won 34-24. Alexander Spanos, the longtime owner of the San Diego Chargers, died on October 9 at the age of 95. Spanos bought his controlling stake in the Chargers in 1984. His grandchildren John and A.G. run the team, worth $1.9 billion net of debt. Spanos founded AG Spanos, one of the country's largest apartment developers, in 1960. (AP Photo/Steve Conner), Boise State defensive tackle Scott Matlock (99) looks to the sidelines against San Diego State in the first half of an NCAA college football game, Friday, Sept. 30, 2022, in Boise, Idaho. (AP Photo/Steve Conner), Boise State defensive tackle Scott Matlock (99) celebrates after recovering a fumble by UTEP quarterback Gavin Hardison (12) on the UTEP 3 yard line in the first half of an NCAA college football game Friday, Sept. 10, 2021, in Boise, Idaho. (AP Photo/Steve Conner), Boise State defensive tackle Scott Matlock (99) pressures Tennessee-Martin quarterback Dresser Winn (3) as Winn throws the ball in the second half of an NCAA college football game, Saturday, Sept. 17, 2022, in Boise, Idaho. Spanos Spanos family quarrel is another setback for Chargers in L.A. The Chargers lost to the Patriots, 45-0, in a historic drubbing, and somehow the final score did not do this embarrassment justice. ", "I like it. Nearly 150 local Girl Scouts came together for a day of flag football skills and fundamentals on the Bolts' training camp fields at Jack Hammett Sports Complex. The Los Angeles Chargers today re-signed quarterback Easton Stick. TCU quarterback Max Duggan (15) stands on the field before an NCAA college football game against Oklahoma State in Fort Worth, Texas, Saturday, Oct. 15, 2022. All rights reserved. 2001: San Diego Hall of Champions Sports Museums Community Champions Award, 2012: Make-A-Wish Foundation gave the team its Wish-Granting Partner of the Year Award, 2014: Outstanding Community Service Award by the. On his philosophy surrounding special teams: "Special teams, if you look at it, it's every football movement all in whatever special teams phase it is. Though Berberians petition is brought on behalf of the trust, it seeks to compel a full sale of the team. The move resulted in money shifting from the trust to themselves personally.. ", Here is everything new Chargers Defensive Coordinator Derrick Ansley said Tuesday when he met with media members, Here is everything new Chargers Offensive Coordinator said Wednesday morning when he met with media members. That included mediation with a retired L.A. County Superior Court judge that didnt work. The Chargers are estimated by Forbes to be worth $2.6 billion, but since the Denver Broncos are reportedly about to sell for $4.6 billion the Chargers would likely go for closer to $3 billion. The Los Angeles Chargers today agreed to terms with tight end Donald Parham, Jr., and punter J.K. Scott. The Chargers will take on the Indianapolis Colts on Monday at 5:15pm at Lucas Oil Stadium. Real estate mogul, NFL team owner and philanthropist Alex Spanos died this morning. Dean Spanos' sister, Dea, petitions court to force Chargers I think the players, at least that we added today, and players in free agency kind of added a lot more depth to some positions and got some younger players in the pipeline. The remaining 4% is owned by non-family members. ", "Obviously, there's still process from now until the draft and after the draft so we'll see where it goes, but we feel really good about our football team.