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. Dean and Michael Spanos along with their sister Ruhl released a joint statement Friday, denouncing the actions of Berberian. The NFL declined to comment on the situation. Focus Wednesday on the AFC West division by far the lowest in the American Conference. Discovery Company. In this latest filing citing financial statements Berberian says the trusts debts totaled more than $358 million as of Dec. 31. Dean Spanos took over as managing owner of the Chargers in 1994, 10 years after his father bought the franchise. 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." With her attempt to force the trust to sell the team heading to arbitration, she perhaps can get to the same place if she seizes control of the trust and thus can in her capacity as the sole trustee bundle the 36 percent plus the 15-percent chunk she individually owns and sell controlling interest to someone like Josh Harris, who was ready to bid $5 billion for 100 percent of the Broncos equity. Jun 10, 2022 Dea Spanos Berberian, the sister of Chargers owner Dean Spanos, is suing her brothers for "misogynistic" treatment, "self-dealing" and "breaches of fiduciary duty," ESPN's Adam. The San Diego Chargers are a professional club Footballs based in San Diego, California. 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. For more Los Angeles Chargers coverage, go toCharger Report. At the end of the 1994 season, the Chargers faced the San Francisco 49ers in Super Bowl XXIX and lost 49-26. Philip Rivers, the wand is constantly growing. His other stops include the Palm Beach Post and the South Florida Sun-Sentinel. Lawsuit was filed today in California and calls for Dean Spanos to be removed as a co-trustee. 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. "Many people say that, but it made us more harm than good to hear," coach Norv Turner tempers. Dean simply refuses to discuss it. With the NFL combine starting Tuesday in Indianapolis, here are five positions the Los Angeles Chargers might focus on during this offseason. Moreover they are worth much better than their record 2008-2009. Suddenly, San Diegans have a Spanos to root for. Nous, Yahoo, faisons partie de la famille de marques Yahoo. -> Created for Dea Berberian, Ron Berberian. Excel Known Addresses for Dea Spanos Berberian, 10100 Trinity Pkwy Stockton, CA 95219 Advertisements Source California Secretary of State Data last refreshed on Monday, April 4, 2022 What next? 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. The current political climate may be creating a potential for tax and legal exposure to the Spanos family trustees, absent a sale, that its caretakers would do well to consider. Recipients? In 1961 the franchise moved to San Diego. -> Site for Ron Berberian, Dea Berberian. 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. Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. Do Not Sell or Share My Personal Information. Suddenly, San Diegans have a Spanos to root for. Everyone feels entitled to everything. Alexis Spanos Ruhl BOARD MEMBER Alexis serves as a company liaison to local non-profit agencies. A legal filing by Dea Spanos Berberian seeking to force the sale of the Chargers cites $353 million in family trust debt. The family trust controls 36% of the team with the remainder owned by nonfamily members. San Diego is now one of the better off. Every story about NFL owners is like reading a comic book. 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. 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. 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. It is not ca. 2:14 pm ET. The petition asks the court to order Berberian and Spanos to take steps to sell the trusts share of the Chargers and invoke a provision of trust law that would require the teams other shareholders to do the same. 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). Yet none of those probably best describe what the son of Greek immigrants would use to describe himself: husband, father, grandfather and friend. The filing was made this week in San Joaquin County Super Court by Dea Spanos Berberian, Dean's sister. Alex and Faye Spanos, the siblings' parents, who died three years ago, created the trust in 1998. In addition to. His sister has petitioned in an existing probate case to remove him as co-trustee of the team. Its sad they they will tarnish all the wealth that was handed to them since birth. Dimitri and Lex Economou filed their suit this week in San Joaquin County. Dea Spanos Berberian, is listed as an officer of another company. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right, Ruhl continued. What a crock. 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. 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. Get the latest on L.A.'s teams in the daily Sports Report newsletter. During the 34 years following the merger, the Chargers went ten times in the playoffs four times and reached the final of the AFC. 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. The couple raised four children. Maybe taxpayers should buy both sides of the family a stadium so they can share the team. 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 arguing that mounting debt has imperiled the familys finances and the only solution is to put the NFL franchise on the market. It claims the only solution for the finances is to sell the NFL . Dea Spanos Berberian filed the petition and is one of four Spanos siblings who control the Spanos Family Trust, which in turn owns 36% of the franchise. All 2010 2007 Prices Profile Reviews Vintages Analytics 1 Price Compact view Set alert Published The defense, she will benefit from the return of the machine Sacker, Shawne Merriman, who both missed last season. dvelopper et amliorer nos produits et services. Spanos will win again if the National Football League successfully maneuvers to push the case outside a courtroom altogether. They now have an emerging superstar at quarterback in Justin Herbert and share the $5-billion SoFi Stadium with the Rams. U-T draft analyst Eddie Brown has the Chicago Bears considering a trade, Privacy PolicyTerms of ServiceSign Up For Our NewslettersSite Map, Copyright 2023, The San Diego Union-Tribune |. Spanos sued by sister as Chargers feud escalates, The future of the NFL combine: Is there really a chance it could end forever? 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. In addition, according. However, theres still reason to believe this could become a sticky situation for the Spanoses. Menu & Reservations Make Reservations . 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. CNN Sans & 2016 Cable News Network. Per ESPN's Adam Schefter and Kimberley A. Martin, Berberian filed a lawsuit in California on Friday for . 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. Her lawsuit, filed Thursday in San Joaquin County Superior Court, also. Without family, you will be left emotionally empty, no matter how fabulous your accomplishments.. 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. 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.". STOCKTON - Chargers controlling owner Dean Spanos faces several allegations in a new lawsuit. The Spanos family, screwing up the Chargers since 1984. The debt includes $164 million associated with the Trusts Interest in the Chargers and at least $75 million in estate tax. at Siblings in attendance included brother and Chargers executive vice president Michael Spanos and wife Helen; sister Dea Spanos Berberian, a vice president of A.G. Spanos Companies, and her husband . That included mediation with a retired L.A. County Superior Court judge that didnt work. Berberian, co-owner of The Spanos Corporation since 1994, serves as its executive vice president, director and secretary. 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. Together, Ron and Dea, are dedicated to enhancing the experience of visiting Bell Wines and offering the best quality of their award-winning wines. Alex Spanos bought the San Diego Chargers in 1984, and Dean Spanos took over managing the franchise in 1994. 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. Additionally, Berberian claims the Chargers move from San Diego to Los Angeles was financially ruinous and the family needs to sell to recoup the trusts debt. 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 for the family trust. A lawyer familiar with the matter told ESPN that Berberian's motive for filing the suit is to embarrass Spanos publicly. Dean Spanos and Berberian are the sole co-trustees. 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. Information from The Associated Press was used in this report. 2004-2023 CBS Interactive. 2023 Cable News Network. 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.". 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 . The petition was filed by Dea Spanos Berberian, who serves a co-trustee of the family trust with Chargers owner Dean Spanos. This site uses Akismet to reduce spam. The Chargers have emerged 33-28. Berberian is reportedly seeking sole control of a family trust that accounts for more than one third of Chargers ownership. The NFL recently brokered a gargantuan media rights deal worth more than $100 billion, raising the potential sales price of all 32 franchises. All Rights Reserved. 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. 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. They said that, if necessary, they were prepared to buy their sisters stake in the franchise. He also has support from other family members and beneficiaries (though not all).. The filing. His four adult children Alexandra Spanos Ruhl, Michael Spanos, Dean Spanos and Berberian each owns 15% of the Chargers.