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. You may occasionally receive promotional content from the Los Angeles Times. 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. The filing was made this week in San Joaquin County Super Court by Dea Spanos Berberian, Dean's sister. He was 95.. 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. Dean Spanos' sister petitions court to force sale of NFL's - CNBC --- 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. Maybe taxpayers should buy both sides of the family a stadium so they can share the team. 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. Meet the Spanos Clan | America's Finest Sports Forum Together, Ron and Dea, are dedicated to enhancing the experience of visiting Bell Wines and offering the best quality of their award-winning wines. The lawsuit also . Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. But the Chargers are much higher. Chargers' Dean Spanos Sued by Sister for Alleged Misogyny, Fiduciary According to the petition, the trust had debts and expenses of $353 million as of Sept. 30. 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. The NFL has declined comment on the matter. If not, could you forward this site to this person. Chargers owner Dean Spanos sued by sister for - CBSSports.com Chargers ownership dispute might push NFL to get - Los Angeles Times This year, Berberian has filed a lawsuit seeking control over the trust . I firmly believe Dea retained a lawyer right after The Chargers went for it on 4th down at their own 18 in that critical game against the Raiders that they lost. Neither Berberian nor Streisand responded to ESPN's requests for comment. 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. Fifteen percent apiece belongs to four siblings: Dean, Dea, Chargers Vice Chairman Michael Spanos and Alexis Spanos Ruhl. Dean Spanos' sister attempting to force sale of Chargers Alexis Spanos Ruhl also released an additional statement defending Dean. The . 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 venture acquired interest in the brand name and assets of Bell Wine Cellars, and a new partnership was formed with . 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. Alex Spanos was an American billionaire who primarily worked as a real-estate developer and founded 'A.G. Spanos Companies.'. 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. Did you encounter any technical issues? Spanos, Berberian and their two other siblings team vice chairman Michael Spanos and Alexis Spanos Ruhl each individually own 15% of the Chargers. He is the son of Alex Spanos, who purchased majority interest in the team in 1984. Adam Schefter on Twitter: "Dea Spanos Berberian claims in her lawsuit -> Site for Ron Berberian, Dea Berberian. Conceivably if a judge agrees with Spanos Berberian, the possibility could arise, however fraught with large obstacles, of the franchise being sold. 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. Spanos Clan to Host Romney Fundraiser at Stockton Estate However, he grew up in troubled circumstances, as his parents were constantly fighting. What a crock. Alex Spanos bought the San Diego Chargers in 1984, and Dean Spanos took over managing the franchise in 1994. The club began playing in 1960 as a member of the AFL (American Football League), under the name "Los Angeles Chargers. Spanos at 90: Birthday brings reflections on developer's legacy According to the filing, Berberian attempted numerous times and numerous ways to resolve the dispute. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. It claims the only solution for the finances is to sell the NFL . New lawsuit regarding control over Chargers alleges misogny among 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. Spanos took over daily operations from his father in 1994, becoming president and CEO, until he passed operations to his own sons in 2015. His plan is hope.. --- Spanos sued by sister as Chargers feud escalates, The future of the NFL combine: Is there really a chance it could end forever? Aztecs assistant coach Ron Gould hired by NFLs Rams less than a month into role at SDSU, NASCAR star Elliott has leg surgery after snowboard accident, Fernando Tatis Jr. disciplined at the top of Padres stacked lineup and still learning in right field, Quinn scores in 2nd period as Sabres beat Lightning 5-3, Grizzlies Clarke out indefinitely with torn Achilles, Anders Lee scores twice as Islanders beat Red Wings 4-1, Ducks assistant coach Stothers to be treated for melanoma, Oakland As calling Vegas home, only this weekend for now, Southampton off bottom of EPL by beating Leicester 1-0. 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. 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. Many very important planning techniques and structures will not be possible after enactment, warns Alan Gassman of Forbes. 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. It probably wasnt a coincidence the legal action came in the wake of two industry developments, both favorable to fetching a higher price. Jun 10, 2022 at 04:51 PM . As for the offensive line, it is very competitive, even if the departure of guard Mike Goff is harmful. 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. 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. 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.". Family feud over Chargers' ownership lands in court - Yahoo A lawyer familiar with the matter told ESPN that Berberian's motive for filing the suit is to embarrass Spanos publicly. Dean Spanos, for what it's worth, has long insisted he will never sell the Chargers. Early life and education [ edit] "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. Streisand previously represented Steve Ballmer in his purchase of the Clippers and Jeanie Buss in the legal fight that cemented her as controlling owner of the Lakers. San Diego did not actually justified the compliments on the ground. Spanos and Berberian were left as co-trustees of the trust following the deaths of Alex and Faye Spanos in 2018. Philip Rivers, the wand is constantly growing. LOS ANGELES Los Angeles Chargers controlling owner Dean Spanos has been accused of repeated breaches of fiduciary duty and misogynistic behavior in a lawsuit filed by his sister. The San Diego Chargers are a professional club Footballs based in San Diego, California. "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. 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, they say in the statement. It was good the Chargers because Rivers was not a great day (21/37, 313 yards, 5 sacks, 1 interception). They now have an emerging superstar at quarterback in Justin Herbert and share the $5-billion SoFi Stadium with the Rams. 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. Focus Wednesday on the AFC West division by far the lowest in the American Conference. 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. 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 ." All 2010 2007 Prices Profile Reviews Vintages Analytics 1 Price Compact view Set alert 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.. 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). In both attack and defense, they have no real weaknesses. 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. Spanos earned varsity letters in running and diving at the University of the Pacific in Stockton and later distinguished . They added that in no circumstances will this situation impact control of the franchise.. Spanos and Berberian were left as co-trustees of the trust following the deaths of their parents, Alex and Faye, in 2018. Chargers not for sale, Dean Spanos and siblings say 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. In March 2021, she filed a petition to Los Angeles Superior Court asking the franchise be sold due to mounting trust debts. 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 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. Despite rumors to contrary and salary-cap concerns, Chargers general manager Tom Telesco declared star receiver Keenan Allen isnt going anywhere.. Faye Papafaklis Spanos (1926-2018) - Find a Grave Memorial When she saw how much the Broncos went for, she said, I want some of that. Lula 2019 Pinot Noir (Anderson Valley) - Wine Enthusiast Order Online Tickets Tickets See Availability Directions . 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. Spanos sued by sister as Chargers feud escalates - ESPN.com 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. Information from The Associated Press was used in this report. Dean Spanos - Wikipedia For some, they have even the most talented team in the NFL. 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. In addition, according. Moreover they are worth much better than their record 2008-2009. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". Chargers' owner Dean Spanos is being sued by his sister, Dea Spanos Berberian, for alleged misogynistic behavior and repeated breaches of fiduciary duty, per me and @ByKimberleyA. The suit also asks the court to suspend and remove Spanos as a co-trustee and seeks unspecified financial damages awarded to Berberian. 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. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 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. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". 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 Spanos' Sister Petitions Court To Force Chargers' Sale 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. About Us | Bell Wine Cellars The petition was filed by Dea Spanos Berberian, who serves a co-trustee of the family trust with Chargers owner Dean Spanos. Dea Spanos Berberian - Pro Football Rumors Regarding the breaches of fiduciary duty, Berberians petition contends that Spanos repeatedly manipulated the trusts financials for his personal gain. Its sad they they will tarnish all the wealth that was handed to them since birth. Dean Spanos, who owns 15% of the Los Angeles Chargers, is feeling pressure from his sister, Dea Spanos Berberian, to sell the Spanos family trust share of the franchise, which is reportedly in debt. They said that, if necessary, they were prepared to buy their sisters stake in the franchise. 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." Berberian, the sister of the Chargers' owner . To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.. The families of Dean Spanos, Alexis Spanos Ruhl and Michael Spanos released a statement later Friday reaffirming their unity. Dean Spanos and Berberian are the sole co-trustees. ", 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. In this desert, where three teams are rebuilding (Oakland, Denver and Kansas City), San Diego, this opens a boulevard. Spanos-Berberian Wine Company, LLC in Stockton, CA . Her brothers and sisters affectionately refer to her as "bossy." Not a member? But Berberian, who runs the family trust with her brother as co-trustee, has been angling for more control inside the franchise since at least last year. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right, Ruhl continued. Her lawsuit, filed Thursday in San Joaquin County Superior Court, also. 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. He helped his club to make a comeback last week and this week he still has nearly brought the Broncos (4-12) to win the match to end. Los Angeles Chargers owner Dean Spanos is being sued by his sister Dea Spanos Berberian. Adam Streisand, the attorney for Berberian, declined to comment. The San Diego Chargers are a professional club Footballs based in San Diego, California. Dea Spanos Berberian filed a petition . 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. Chargers playing family feud, not football, in fight over sale of NFL
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