Learn how your comment data is processed. He previously spent 20 years as a sports columnist for the Orange County Register and, before that, the Miami Herald. Spanos sued by sister as Chargers feud escalates, The future of the NFL combine: Is there really a chance it could end forever? 2. 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. 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. 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.". Alex Spanos - Wikipedia To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". The stake in the Chargers makes up 83% of the trusts holdings. 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." Lawsuit was filed today in California and calls for Dean Spanos to be removed as a co-trustee. The remaining 4% of the franchise is owned by other parties outside of the Spanos family. Dean will likely contend that if he is only allowed to use his position as a Co-Trustee to be a speculator to double and triple down on bad decisions of the past, he can turn things around because there are positive developments at the NFL level that should benefit the Chargers as well, 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. Early life and education [ edit] Dimitri and Lex Economou filed their suit this week in San Joaquin County. 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 . 1:57 AM EDT, Sat June 11, 2022, Dean Spanos, seen here in 2021, is being sued by his sister who co-owns the Chargers franchise, CARSON, CA - NOVEMBER 03: Philip Rivers #17 of the Los Angeles Chargers passes the ball in the first half against the Green Bay Packers at Dignity Health Sports Park on November 3, 2019 in Carson, California. Voluntary arbitration is legal in employment contracts. Jeff Miller is the Chargers beat writer for the Los Angeles Times. The Chargers are the only franchise ever so slightly stable for several seasons in the AFC West, by far the lowest pool of the American Conference. The . Alexis Spanos Ruhl also released an additional statement defending Dean. . Alex Spanos | American Football Wiki | Fandom I can only refer you to the statement made by the three siblings that they have no intention of selling the team, said Chargers special counsel Mark Fabiani, when asked Thursday if the petition could result in the team being sold. 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. Berberian, co-owner of The Spanos Corporation since 1994, serves as its executive vice president, director and secretary. Please check the opt-in box to acknowledge that you would like to subscribe. 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. 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. 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. Dean Spanos took over as managing owner of the Chargers in 1994, 10 years after his father bought the franchise. Her three siblings are not thrilled with the situation. Dea Spanos Berberian Petition | PDF | Trust Law | Fiduciary - Scribd Reviews (209) 473-6827. 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. 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.. Dean Spanos sued by sister, accused of 'misogynistic' behavior as legal What a crock. However, he grew up in troubled circumstances, as his parents were constantly fighting. Adam Streisand, the attorney for Berberian, declined to comment. Sister of Dean Spanos Accuses Chargers Owner of Fiduciary Mismanagement at 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. Dea Spanos Berberian - Pro Football Rumors 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. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.. In 1948, Spanos married Faye Papafaklis. In addition, according to the filing, the trust doesnt have a plan to pay more than $22 million it has pledged to charities. The NFL has held off intervening . The Chargers won one AFL title in 1963 and reached the playoffs five times in the AFL and the AFL Championship four times before joining the NFL when the AFL-NFL merger. 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." His sons have key roles, too. 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. It probably wasnt a coincidence the legal action came in the wake of two industry developments, both favorable to fetching a higher price. --- As it relates to capital gains tax on inherited assets, another potential change would be significantly costly. Dean Spanos and Berberian are the sole co-trustees. 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. She is represented by Adam Streisand, the same attorney who helped Jeanie Buss take control of the Los Angeles Lakers in the NBA. Chargers owner Dean Spanos sued by sister for - CBSSports.com 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. 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. Order Online Tickets Tickets See Availability Directions . Los Angeles Chargers owner Dean Spanos at a game in 2019. 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. Already looking forward to the 2023 NFL Draft? Chargers owner Dean Spanos' sister petitions court to force sale of 513. Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. Vertalingen van het woord BERBERIAN van engels naar nederlands en voorbeelden van het gebruik van "BERBERIAN" in een zin met hun vertalingen: .from the legendary mezzosoprano Cathy Berberian .. Neither Berberian nor Streisand responded to ESPN's requests for comment. Without family, you will be left emotionally empty, no matter how fabulous your accomplishments.. Chargers co-owner asks court to force sale of team due to mounting Alex G. Spanos Celebrated businessman, generous philanthropist and respected NFL owner have been some of the words used to describe Alex G. Spanos, who died Tuesday morning at age 95. Los Angeles Chargers not moving to London, owner angrily tells LA Times, Her lawsuit claims that Dean and Michael Spanos believe to their cores that, regardless of what their parents intended and their wills specified, men are in charge and women should shut up.. Spanos family calls Dea Spanos Berberian's allegations "false and Spanos and Berberian were left as co-trustees of the trust after the deaths of Alex and Faye Spanos in 2018. It was probably something that Tim Tebow. He also served as the Angels beat writer for The Times and the Register. All 2010 2007 Prices Profile Reviews Vintages Analytics 1 Price Compact view Set alert The continued battle for majority control of the Los Angeles Chargers has taken a new turn after co-owner Dea Spanos Berberian filed a lawsuit against her co-owner brothers Michael and Dean Spanos . Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. -> Site for Ron Berberian, Dea Berberian. The family trust controls 36% of the team with the remainder owned by nonfamily members. Moreover they are worth much better than their record 2008-2009. His other stops include the Palm Beach Post and the South Florida Sun-Sentinel. Alex Spanos was an American billionaire who primarily worked as a real-estate developer and founded 'A.G. Spanos Companies.'. 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. Yet none of those probably best describe what the son of Greek immigrants would use to describe himself: husband, father, grandfather and friend. Jeff Bezos buying the Chargers would be best moment in franchise history 15 Alex and Faye Spanos Family Trust, PETITION FOR ORDERS 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. Dean Spanos: Los Angeles Chargers owner is sued by his sister in a San Diego did not actually justified the compliments on the ground. Alex Spanos bought the San Diego Chargers in 1984, and Dean Spanos took over managing the franchise in 1994. The Chargers play their home games at Qualcomm Stadium. Rather than seeking to monetize illiquid assets in order to pay debts and liabilities, and make distributions to beneficiaries, the Co-Trustees have principally been borrowing, including borrowing money from one bank to pay another, the petition said. In this latest filing citing financial statements Berberian says the trusts debts totaled more than $358 million as of Dec. 31. Dean Spanos' sister asks court to force sale of Chargers - Sports Dea and Dean Spanos, as co-trustees, have a common goal of wanting to be on solid legal ground. As debt mounts, Spanos heirs in heated battle over Chargers ownership New lawsuit regarding control over Chargers alleges misogny among The venture acquired interest in the brand name and assets of Bell Wine Cellars, and a new partnership was formed with . Three join Pacific Board of Regents | University of the Pacific Alexander Gus Spanos (September 28, 1923 - October 9, 2018) is an American real estate developer and self-made billionaire of Greek origin who is the majority owner of the NFL's Los Angeles Chargers, who also founded the A.G. Spanos Companies. Tim will still work its launch. Spanos-Berberian Winery, LLC Website Get a D&B Hoovers Free Trial Overview Doing Business As:Bell Wine Cellars Company Description:? Spanos and Berberian were left as co-trustees of the trust after the deaths of Alex and Faye Spanos in 2018. Spanos at 90: Birthday brings reflections on developer's legacy I see another great franchise going down in flames due to greed of the already wealthy. Many very important planning techniques and structures will not be possible after enactment, warns Alan Gassman of Forbes. According to the petition, the trust had debts and expenses of $353 million as of Sept. 30. No doubt that Tebow had better be ready for next season opposing defensive coordinators will certainly have adjusted their defensive tactics to counter it. 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. Chiefs feared Chargers more than any other team in 2017 draft; Bolts took WR Mike Williams instead of eventual two-time Super Bowl champion. 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.. 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. 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. Her three siblings are not thrilled with the situation."It is unfortunate that our sister Dea, who clearly has no interest in continuing to participate in the family's business, has resorted to false and provocative charges in an [more] That is the precedent Berberian argues the court should follow. 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. Leadership - A. G. Spanos Companies Berberian contends that Cohen aided and abetted her brother every step of the way., It will become clear the petition reads, that Dean, Michael and Cohen have pursued a campaign to punish, belittle and humiliate Dea ever since she had the audacity to speak up against their mismanagement., The petition specifically mentions that Cohen deliberately damaged Deas relationship with her Pastor and spiritual advisor, Father Alex Karloutsos., In a statement released Friday, Alexis Spanos Ruhl said: The statements made in todays court filing about my brother Dean Spanos are outrageously untrue. Spanos Berberian Wine Company | Visit A Winery 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. Dea Spanos Berberian, is listed as an officer of another company. The legal conflict involving the Spanos siblings came to light in April 2021, when Berberian petitioned the Los Angeles County Superior Court to put the trust up for sale because of growing financial concerns. Berberian's sons, Dimitri and Lex Economou, also previously filed a lawsuit against Dean Spanos, alleging that he secretly diverted money from the trust. 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. Sorry for my poor english translation. 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. Her petition includes claims against Steven Cohen, the executive vice president of The Spanos Corporation. Get the latest on L.A.'s teams in the daily Sports Report newsletter. But it is the life of the Chargers in January next will determine the success or otherwise of their season. They said that, if necessary, they were prepared to buy their sisters stake in the franchise. The racing game, LaDainian Tomlinson with the tandem-Darren Sproles, is frightening, especially as LT intends to rediscover the form that had him a star. Did you encounter any technical issues? As noted by Daniel Kaplan of TheAthletic.com, Berberian agreed earlier this week that her 2021 lawsuit, aimed at forcing the sale of the 36-percent interest held by the familys trust, should go to the NFLs secret, rigged kangaroo court (i.e., arbitration). 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. 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. Los Angeles Chargers co-owner claims move to LA has been 'financially Meet the Spanos Clan | America's Finest Sports Forum That's mostly because of a longstanding legal dispute that continued this week, when the sister of current Chargers owner Dean Spanos filed a lawsuit accusing her brother of "misogynistic" and "financially ruinous" business practices, arguing that the Spanos family has no choice but to sell the team in order to pay off its debts. A page was dog-eared for quick reference. 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. Spanos Berberian seeks a California state court ruling on how to manage the 36 percent share owned by the trust. These owners are the reason why they are no longer the San Diego Chargers. The debt includes $164 million associated with the Trusts Interest in the Chargers and at least $75 million in estate tax. The trust's beneficiaries are the four Spanos siblings: Dea, Dean, Michael Spanos and Alexis Spanos Ruhl. For more Los Angeles Chargers coverage, go toCharger Report. 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 . In the meantime if Tebow had not missed his two passes late in the game, the Denver team would probably have won. 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. All Rights Reserved. Spanos Clan to Host Romney Fundraiser at Stockton Estate During the 34 years following the merger, the Chargers went ten times in the playoffs four times and reached the final of the AFC. The Chargers have six players and a coach entered the Pro Football Hall of Fame: The wide receiver Lance Alworth (1962-1970), the defensive end Fred Dean (1975-1981), quarterback Dan Fouts on (1973-1987), head coach / general manager Sid Gillman (1960-1969, 1971), wide receiver Charlie Joiner (1976-1986), offensive lineman Ron Mix (1960-1969) and the tight end Kellen Winslow (1979-1987). According to the filing, Berberian attempted numerous times and numerous ways to resolve the dispute. Her brothers and sisters affectionately refer to her as "bossy." sadly, The Chargers are like the Commanders, I want to root for the team but their ownerships are too awful to root for. Dean Spanos' sister attempting to force sale of Chargers In March 2021, she filed a petition to Los Angeles Superior Court asking the franchise be sold due to mounting trust debts. Most of the debt is money the Chargers loaned the family trust, a common practice because the team can get a lower interest rate. 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 . Suddenly, San Diegans have a Spanos to root for. 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. 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. Dea Spanos Berberian . Discovery Company. Do Not Sell or Share My Personal Information. Spanos and Berberian were left as co-trustees of the trust after the deaths of Alex and Faye Spanos in 2018. 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. "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. However, theres still reason to believe this could become a sticky situation for the Spanoses. "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. Statement Of Alexis Spanos Ruhl, Michael Spanos And Dean Spanos Regarding the breaches of fiduciary duty, Berberians petition contends that Spanos repeatedly manipulated the trusts financials for his personal gain. For some, they have even the most talented team in the NFL. 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. Disputed loan at center of Commanders probe. Jun 10, 2022 at 04:51 PM . In addition, according. Faye and Alex Spanos married in 1948 and would have marked their 70th wedding anniversary on Aug. 21. Faye Spanos: A wonderful person, a wonderful life, Whos who of civic, sports leaders bid farewell to Alex Spanos, Your California Privacy Rights / Privacy Policy. Dea Spanos Berberian says the reckless spending by her brother Dean, the team's controlling owner, has resulted in $353 million in debt for the family trust The budget shortfall is so bad,. Maybe hed pay $2.55 billion for 51 percent of the Chargers. 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. Turn on desktop notifications for breaking stories about interest? Jaguars won't spend big, but here are five players they could target in free agency, The most memorable pre-NFL draft workouts ever: Coaches, scouts, execs make their picks, 2023 NFL franchise tag tracker: Raiders tag Josh Jacobs, the NFL's rushing leader. 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 ." In 1961 the franchise moved to San Diego. The families of Dean Spanos, Alexis Spanos Ruhl and Michael Spanos released a statement later Friday reaffirming their unity. They have four adult children: Dean Spanos, the Chargers' team president; Michael Spanos, the Chargers' executive vice president; Alexis Spanos Ruhl, a vice President of A.G. Spanos Companies; and Dea Spanos Berberian, a vice President of A.G. Spanos Companies. That was four years after Alex ceded. Recipients? The NFL recently brokered a gargantuan media rights deal worth more than $100 billion, raising the potential sales price of all 32 franchises. 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. Who would have thought Klein the old owner would be so sorely missed. . 2004-2023 CBS Interactive. The families of Dean Spanos, Alexis Spanos Ruhl and Michael Spanos released a statement later Friday reaffirming their unity. You must be logged in to leave a comment. She filed papers in Los Angeles Superior Court in April contending that the. ", 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. Spanos earned varsity letters in running and diving at the University of the Pacific in Stockton and later distinguished . 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.