Rams decide to part ways with linebacker Bobby Wagner, who tallied a team-high 140 tackles, six sacks and two interceptions in the 2022-23 season. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". 15 Alex and Faye Spanos Family Trust, PETITION FOR ORDERS Every day that passes increases the risks that the charitable beneficiaries and the Spanos family legacy will suffer irreparable financial and reputational damage the petition said. 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. "The statements made in today's court filing about my brother Dean Spanos are outrageously untrue," the statement read. 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. Apr 1, 2021. 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. You must be logged in to leave a comment. Disputed loan at center of Commanders probe. -> Site for Ron Berberian, Dea Berberian. appreciated. Dean simply refuses to discuss it. Moreover they are worth much better than their record 2008-2009. Chargers owner Alex Spanos, a plain-spoken, self-made billionaire from Stockton who bought a majority stake in the NFL football club in 1984, died Tuesday morning, the team announced. These owners are the reason why they are no longer the San Diego Chargers. The lawsuit also lists multiple allegations of "breaches of fiduciary duty" by Dean Spanos, who is accused of diverting $105 million from the trust to various debts. 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. 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. All Rights Reserved. I love how the rich have a dead ear to how ridiculous and entitled they sound, and are! 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. The Spanos family owns 96 percent of the Chargers franchise, and a four percent stake belongs to holdovers from the Eugene Klein ownsership group. Spanos and Berberian were left as co-trustees of the trust following the deaths of Alex and Faye Spanos in 2018. Berberian is reportedly seeking sole control of a family trust that accounts for more than one third of Chargers ownership. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". 2004-2023 CBS Interactive. Alexis Spanos Ruhl also released an additional statement defending Dean. Already looking forward to the 2023 NFL Draft? 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. Ask the Browns and Commanders fans. Seductive, ripe and fruity, this wine overflows with sunny black-cherry, red-cherry and blackberry flavors that verge on sweetness but are nicely balanced by fresh acidity and light tannins. Dea Spanos Berberian, sister of Dean Spanos, has filed a petition in Los Angeles County Superior Court in an attempt to force the Spanos family to sell the Chargers. Dea Spanos Berberian, the sister of Chargers owner Dean Spanos, is suing her brothers for misogynistic treatment, self-dealing and breaches of fiduciary duty, ESPNs Adam Schefter and Kimberley Martin reported. 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. He was 95.. Dean Spanos and Berberian are the sole co-trustees. With the NFL combine starting Tuesday in Indianapolis, here are five positions the Los Angeles Chargers might focus on during this offseason. The San Diego Chargers are a professional club Footballs based in San Diego, California. Dea Spanos Berberian, is listed as an officer of another company. The NFL declined to comment on the situation. The remaining 4% of the franchise is owned by other parties outside of the Spanos family. Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. Learn how your comment data is processed. "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. sadly, The Chargers are like the Commanders, I want to root for the team but their ownerships are too awful to root for. All 2010 2007 Prices Profile Reviews Vintages Analytics 1 Price Compact view Set alert Dean Spanos took over as managing owner of the Chargers in 1994, 10 years after his father bought the franchise. Berberian, co-owner of The Spanos Corporation since 1994, serves as its executive vice president, director and secretary. As proof, it took the Chargers to make a record of 8-8 last year to win their division, when New England, with 11 victories, has not even played in the playoffs Californians are still likely to dominate their three rivals this season. "Many people say that, but it made us more harm than good to hear," coach Norv Turner tempers. The Chargers . Faye and Alex Spanos married in 1948 and would have marked their 70th wedding anniversary on Aug. 21. In a November 2019 letter included with the court filing, Dean Spanos vowed to his three siblings that he would retain an investment bank at the end of the 2024 season in an effort to find a new owner. 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.. The Chargers play their home games at Qualcomm Stadium. Berberian, therefore, is looking to control a total of 51 percent of the team, making her majority owner. Just ask Michael Vick what he thinks. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The value of the trusts assets would seem to far exceed the debt. A lawyer familiar with the matter told ESPN that Berberian's motive for filing the suit is to embarrass Spanos publicly. The three of us and our children, representing more than 75% of the family and its ownership of its business, stand united in support of our parents and grandparents wishes, including as to the continued ownership and operation of the Chargers.. Berberian, the sister of the Chargers' owner . Dea Spanos Berberian . 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 . Alex and Faye Spanos, the siblings' parents, who died three years ago, created the trust in 1998. Is hard reset only way to salvage Jets QB dilemma? Neither Berberian nor Streisand responded to ESPN's requests for comment. According to the filing, Berberian attempted numerous times and numerous ways to resolve the dispute. Jun 10, 2022 at 04:51 PM . When the Chargers moved to Los Angeles in 2017 after 56 seasons in San Diego, they faced the daunting task of paying off a $650 million relocation fee to the NFL and building a fan base in a market crowded with college and professional sports. Its just mystifying as to what her strategy is, Fabiani added, since the right of first refusal always rules in situations such as this.. 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. In addition, according to the filing, the trust doesnt have a plan to pay more than $22 million it has pledged to charities. They are the sons of one of Spanos' sisters, Dea Spanos 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. The petition by Dea Spanos Berberian, who serves as co-trustee of the family trust along with her brother, alleges the trusts debts and expenses exceed $353 million. The lawsuit 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.". A legal filing by Dea Spanos Berberian seeking to force the sale of the Chargers cites $353 million in family trust debt. 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.. 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 . Aztecs to honor 8 on Senior Night against Wyoming, but are all of them leaving? In January, Dean Spanos was sued by two of his nephews Berberians sons, Dimitri and Lex Economou who allege that he secretly diverted money from the family trust. It was good the Chargers because Rivers was not a great day (21/37, 313 yards, 5 sacks, 1 interception). The league is just four months into its first full year of a collective bargaining agreement that runs 10 years and will allow for a 17-game season and expanded postseason in 2021. 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. She also is in charge of community relations. Register now! 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. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. 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Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. These changes may not happen, and may not be applicable to the Spanos family trust. He is the son of Alex Spanos, who purchased majority interest in the team in 1984. Dea and Dean Spanos, as co-trustees, have a common goal of wanting to be on solid legal ground. If not, could you forward this site to this person. 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. 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]. That may be a blessing in disguise because Denver will have the first pick in the draft next April. The filing was made this week in San Joaquin County Super Court by Dea Spanos Berberian, Dean's sister. 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. Busy times are ahead, for lawyers representing the Spanos family. 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.