The suit also asks the court to suspend and remove Spanos as a co-trustee and seeks unspecified financial damages awarded to Berberian. Alex G. Spanos Founder, 1923 - 2018 Berberian is reportedly seeking sole control of a family trust that accounts for more than one third of Chargers ownership. The NFL has declined comment on the matter. Turn on desktop notifications for breaking stories about interest? 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. Focus Wednesday on the AFC West division by far the lowest in the American Conference. 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. XFL Week 3 preview: Can AJ McCarron, Battlehawks continue their fourth-quarter heroics? The NFL has declined comment on the matter. 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. Jeff Miller is the Chargers beat writer for the Los Angeles Times. 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." 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. According to the filing, Berberian attempted numerous times and numerous ways to resolve the dispute. 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. 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 Wine Co 2021 W March Ln Stockton CA 95207. "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. 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 . Per ESPN's Adam Schefter and Kimberley A. Martin, Berberian filed a lawsuit in California on Friday for . The filing. She knew right then, the team needed new ownership. And he has been fighting, along with my brother Michael . The couple raised four children. 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. Among other accusations of the lawsuit include using $105 million of the trust to pay off debts and another $60 million to buy a plane with no connection to the business. The NFL declined to comment on the situation. Wait a minute. appreciated. 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. 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 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. 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. The petition was filed by Dea Spanos Berberian, who serves a co-trustee of the family trust with Chargers owner Dean Spanos. Most of the debt is money the Chargers loaned the family trust, a common practice because the team can get a lower interest rate. dvelopper et amliorer nos produits et services. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.". Fifteen percent apiece belongs to four siblings: Dean, Dea, Chargers Vice Chairman Michael Spanos and Alexis Spanos Ruhl. Spanos Berberian. Dean Alexander Spanos (born May 26, 1950) is the chairman and owner of the National Football League (NFL)'s San Diego / Los Angeles Chargers franchise. Berberian's sons, Dimitri and Lex Economou, also previously filed a lawsuit against Dean Spanos, alleging that he secretly diverted money from the trust. Nearly half of that ($164,778,931) is . The NFL recently brokered a gargantuan media rights deal worth more than $100 billion, raising the potential sales price of all 32 franchises. In addition, according. In response to the filing, Dean Spanos and two of his siblings released a statement Thursday pledging to keep the team in the family. 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. 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. 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 . 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. Neither Berberian nor Streisand responded to ESPN's requests for comment. This site uses Akismet to reduce spam. 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.. Tim Tebow can not do everything alone. I love how the rich have a dead ear to how ridiculous and entitled they sound, and are! His sons have key roles, too. Dean Spanos, for what it's worth, has long insisted he will never sell the Chargers. 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. 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. 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. Alex Spanos bought the San Diego Chargers in 1984, and Dean Spanos took over managing the franchise in 1994. The four siblings are equal beneficiaries of the family trust, according to court documents. "Many people say that, but it made us more harm than good to hear," coach Norv Turner tempers. As it turns out, Dea Spanos Berberian, one of Dean's younger sisters, is reportedly attempting to force her three siblings to sell their remaining stake in the Los Angeles . 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. She has been the co-owner of the Los Angeles . Not a member? Denver, Tebow was still the event of the day (16/36, 205 yards, 3 sacks, 2 trials, 2 steals, 13 runs, 94 yards, 1 trial). Is hard reset only way to salvage Jets QB dilemma? For some, they have even the most talented team in the NFL. 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. sadly, The Chargers are like the Commanders, I want to root for the team but their ownerships are too awful to root for. 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. Dean Spanos took over as managing owner of the Chargers in 1994, 10 years after his father bought the franchise. On the surface, Spanos Berberians claim of debt as a driving force to sell the team doesnt seem convincing. Maybe taxpayers should buy both sides of the family a stadium so they can share the team. Alexis Spanos Ruhl also released an additional statement defending Dean. Spanos-Berberian Winery, LLC Website Get a D&B Hoovers Free Trial Overview Doing Business As:Bell Wine Cellars Company Description:? -> Created for Dea Berberian, Ron Berberian. 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. Alex Spanos bought the San Diego Chargers in 1984 and Dean Spanos took over . 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.
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