Early life and education [ edit] 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. Spanos, Berberian and their two other siblings team vice chairman Michael Spanos and Alexis Spanos Ruhl each individually own 15% of the Chargers. 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. 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). 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 four siblings are equal beneficiaries of the family trust, according to court documents. Berberian agreed this week to allow the NFL to arbitrate that matter, according to the source. Faye and Alex Spanos married in 1948 and would have marked their 70th wedding anniversary on Aug. 21. Dea Spanos Berberian, is listed as an officer of another company. 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. The Chargers . This site uses Akismet to reduce spam. 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. Berberian, the sister of the Chargers' owner . You may occasionally receive promotional content from the Los Angeles Times. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.. 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. Go Bolts.. Changing ownership is not a bad thing. All Rights Reserved. Two months after a sister of Chargers controlling owner Dean Spanos filed a court petition to try to force the sale of the team, a dispute has emerged over whether the matter should be resolved. "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. -> Site for Ron Berberian, Dea Berberian. CNN Sans & 2016 Cable News Network. Alex Spanos was an American billionaire who primarily worked as a real-estate developer and founded 'A.G. Spanos Companies.'. --- Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. Nearly half of that ($164,778,931) is . However, the potential on this front could explain the timing of Spanos Berberians legal push to have the team sold. This year, Berberian has filed a lawsuit seeking control over the trust . 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. 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. . 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. Reviews (209) 473-6827. . Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. Its just mystifying as to what her strategy is, Fabiani added, since the right of first refusal always rules in situations such as this.. Spanos Berberian seeks a California state court ruling on how to manage the 36 percent share owned by the trust. Last year, Dea Spanos Berberian filed a lawsuit seeking a forced sale of the largest available chunk of the L.A. Chargers. However, theres still reason to believe this could become a sticky situation for the Spanoses. The San Diego Chargers are a professional club Footballs based in San Diego, California. CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: nfl | pageType: stories | The Chargers have emerged 33-28. 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. They said that, if necessary, they were prepared to buy their sisters stake in the franchise. Register now! As for the offensive line, it is very competitive, even if the departure of guard Mike Goff is harmful. 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. They are the sons of one of Spanos' sisters, Dea Spanos Berberian. Everyone feels entitled to everything. Do Not Sell or Share My Personal Information. Berberian, co-owner of The Spanos Corporation since 1994, serves as its executive vice president, director and secretary. That included mediation with a retired L.A. County Superior Court judge that didnt work. "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. Who would have thought Klein the old owner would be so sorely missed. The families of Dean Spanos, Alexis Spanos Ruhl and Michael Spanos released a statement later Friday reaffirming their unity. at Follow Receive an email notification when changes occur for Dea Spanos Berberian,. And if Dea intends to sell her share of the team, they have the right to buy it under their right of refusal and they will do so. 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 family trust controls 36% of the team with the remainder owned by nonfamily members. Disputed loan at center of Commanders probe. 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). 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Jun 13, 2022. Regarding the breaches of fiduciary duty, Berberians petition contends that Spanos repeatedly manipulated the trusts financials for his personal gain. For more Los Angeles Chargers coverage, go toCharger Report. 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. 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. Brightening the teams financial outlook for 2021, coming off a season in which all NFL clubs saw stadium-related revenues fall off sharply because of the pandemic, NFL Commissioner Roger Goodell said he expects capacity crowds to be allowed at NFL games next season. Spanos and Berberian were left as co-trustees of the trust following the deaths of Alex and Faye Spanos in 2018. 24/7 coverage of breaking news and live events. 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.". Nous, Yahoo, faisons partie de la famille de marques Yahoo. Nearly four decades ago, the family patriarch, Alex Spanos, purchased a majority interest in the San Diego Chargers for $40 million. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right, Ruhl continued. Jeff Miller is the Chargers beat writer for the Los Angeles Times. 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. Learn how your comment data is processed. As first reported by ESPN's Adam Schefter and Kimberley Martin, Dea Spanos Berberian's attorneys filed the lawsuit this week in San Joaquin County Superior Court in California. The new lawsuit, which focuses on ousting Dean Spanos as a co-trustee, presumably was drafted to navigate any potential arbitration obligation. Ask the Browns and Commanders fans. Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. 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. breach of fiduciary duty and surcharge against dean spanos; 2. suspension and removal of dean spanos as co-trustee; 3. aiding and abetting breaches of fiduciary duty against michael spanos and steven cohen; 4. disqualification of michael spanos as successor co-trustee; and 5. an order instructing dea to refuse to agree to letters of intent. Spanos Berberian Wine Co 2021 W March Ln Stockton CA 95207. Discovery Company. The Spanoses reside in Stockton, California.Spanos also owns property in Las Vegas, Nevada. To characterize Dean as somehow being less than fully respectful of the women in our family is just not right.".
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