"Many people say that, but it made us more harm than good to hear," coach Norv Turner tempers. 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. Alexis Spanos Ruhl also released an additional statement defending Dean. According to the filing, Berberian attempted numerous times and numerous ways to resolve the dispute. appreciated. In March 2021, she filed a petition to Los Angeles Superior Court asking the franchise be sold due to mounting trust debts. It remains a remarkable campaign and has become one of the best quarterbacks in the league. 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. In 1948, Spanos married Faye Papafaklis. The stake in the Chargers makes up 83% of the trusts holdings. It claims the only solution for the finances is to sell the NFL . Berberian filed a lawsuit looking to gain full control of the Spanos family trust, which would remove Spanos as co-trustee, along with financial damages. Despite rumors to contrary and salary-cap concerns, Chargers general manager Tom Telesco declared star receiver Keenan Allen isnt going anywhere.. 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. The NFL recently brokered a gargantuan media rights deal worth more than $100 billion, raising the potential sales price of all 32 franchises. -> Created for Dea Berberian, Ron Berberian. Chargers chairman Dean Spanos is being sued by two of his nephews who allege that he secretly diverted money from the family trust that owns the team. The Chargers are the only team to have reached the playoffs having started the season at 0-4 (1992), and the only team to have reached the playoffs having started the season 4-8 (2008). 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. Discovery Company. She has been the co-owner of the Los Angeles . Dean Spanos, for what it's worth, has long insisted he will never sell the Chargers. Together, Ron and Dea, are dedicated to enhancing the experience of visiting Bell Wines and offering the best quality of their award-winning wines. Turn on desktop notifications for breaking stories about interest? Information from The Associated Press was used in this report. 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 . The nephews claim that Dean Spanos, with the aid of Michael, altered the trust in February 2018 to divert money to themselves personally.. One proposed change would be a drop in the estate-tax exemption to $3.5 million from $11.7 million. -> Site for Ron Berberian, Dea Berberian. 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. Its sad they they will tarnish all the wealth that was handed to them since birth. The lawsuit also . 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. However, it still takes large risks on an entire season and he can not keep this pace. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right, Ruhl continued. Dea Spanos Berberian . 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. The Carolina Panthers on Friday announced they had hired Thomas Brown, the Rams assistant head coach last season, as their offensive coordinator. This year, Berberian has filed a lawsuit seeking control over the trust . He died on October 9, 2018. -> Created for Dea Berberian, Ron Berberian. Sorry for my poor english translation. You may occasionally receive promotional content from the Los Angeles Times. 2004-2023 CBS Interactive. In 1961 the franchise moved to San Diego. He also served as the Angels beat writer for The Times and the Register. 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. In this desert, where three teams are rebuilding (Oakland, Denver and Kansas City), San Diego, this opens a boulevard. 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. A lawyer familiar with the matter told ESPN that Berberian's motive for filing the suit is to embarrass Spanos publicly. 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. Unfortunately, our sister Dea seems to have a different and misguided personal agenda., They said operations of the Chargers will be entirely unaffected by this matter.. 513. 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. Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. Suddenly, San Diegans have a Spanos to root for. Berberian is reportedly seeking sole control of a family trust that accounts for more than one third of Chargers ownership. They now have an emerging superstar at quarterback in Justin Herbert and share the $5-billion SoFi Stadium with the Rams. 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. For his part, her brother Dean, who manages the operations of the team, argues that their parents . LOS ANGELES - 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. All Rights Reserved. A page was dog-eared for quick reference. The four siblings are equal beneficiaries of the family trust, according to court documents. The player of the match for San Diego as Ryan Matthews (26 races, 120 yards, 3 trials). "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. I agree to receive the "Pick Six Newsletter" and marketing communications, updates, special offers (including partner offers), and other information from CBS Sports and the Paramount family of companies. Dea Spanos Berberian filed suit Thursday, petitioning the court to put the Bolts on the block. Berberian contends the situation is too dire to wait. The suit also asks the court to suspend and remove Spanos as a co-trustee and seeks unspecified financial damages awarded to Berberian. 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. Nearly four decades ago, the family patriarch, Alex Spanos, purchased a majority interest in the San Diego Chargers for $40 million. 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 sued by sister as Chargers feud escalates, The future of the NFL combine: Is there really a chance it could end forever? Berberian, the sister of the Chargers' owner . Chargers fans of the world, rejoice Dean Spanos, the widely hated part-owner of the L.A. Chargers, is being sued by his sister, Dea Spanos Berberian, for repeated misogynistic behavior. John oversees the teams football operations and A.G. heads the business side. 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. Tim Tebow can not do everything alone. Per ESPN's Adam Schefter and Kimberley A. Martin, Berberian filed a lawsuit in California on Friday for . 1 draft pick, Spanos family calls Dea Spanos Berberians allegations false and provocative, Report: Derek Carr wants $35 million per year, The Raiders are the betting favorites to land Aaron Rodgers, Mike McCarthy: Kellen Moore wants to light the scoreboard up, I want to run the damn ball, Arrest warrant issued for Jalen Carter for reckless driving, racing, ESPN reiterates report that Lamar Jackson wants a fully-guaranteed deal, Aaron Rodgers says hell make a decision soon enough, Competition Committee begins to explore the quarterback push play, Players say Chiefs discourage them from reporting injuries, have NFLs worst training staff, Bryce Young is just over 5-10 and 204 pounds. 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." 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. 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. After Alex Spanos and his wife, Faye, died in Stockton in 2018, Dean Spanos, the oldest of the four children, and Berberian were left as the sole co-trustees. 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. Dean Spanos and Berberian are the sole co-trustees. She knew right then, the team needed new 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. The value of the trusts assets would seem to far exceed the debt. 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. sadly, The Chargers are like the Commanders, I want to root for the team but their ownerships are too awful to root for. Dea Spanos Berberian filed a petition . Spanos will win again if the National Football League successfully maneuvers to push the case outside a courtroom altogether. 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. Do Not Sell or Share My Personal Information. The San Diego Chargers are a professional club Footballs based in San Diego, California. 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. 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. The petition was filed by Dea Spanos Berberian, who serves a co-trustee of the family trust with Chargers owner Dean Spanos. 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. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy, The Breer Report: Los Angeles Chargers Training Camp Takeaways, ESPNs Adam Schefter and Kimberley Martin reported. 2023 www.recordnet.com. 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. Maybe hed pay $2.55 billion for 51 percent of the Chargers. Spanos-Berberian Wine Company, LLC in Stockton, CA . section: | slug: chargers-owner-dean-spanos-sued-by-sister-for-financially-ruinous-business-family-rebuts-false-charges | sport: football | route: article_single.us | 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. He was 95.. 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. Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. That was four years after Alex ceded. The filing was made this week in San Joaquin County Super Court by Dea Spanos Berberian, Dean's sister.
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