More Problems for our Tenant's

[dpjax]

Chargers ownership battle continues with lawsuit

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.

On Thursday, ESPN NFL insider Adam Schefter reported that attorneys for Berberian filed a lawsuit in San Joaquin County Superior Court, where she accuses her brothers of “misogynistic” behavior, repeated “breaches of fiduciary duty” and asked the court to remove Dean Spanos from his spot as a co-trustee of the family trust. She is also seeking unspecified financial damages in the suit.

In the filing, Berberian accuses her brothers of 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.”

Berberian and Spanos are fighting to gain control of majority of Los Angeles Chargers​

Dea, Michael, Dean and their sister Alexandra Spanos Ruhl each own 15% of the organization, while the trust manages another 36%, or over one-third of the franchise. Berberian and Dean Spanos became the co-trustees of that 36% in 2018 following the deaths of Alex and Faye Spanos.

By having Spanos legally removed from the trust, Berberian would gain majority control of the team, a goal the pair have been battling over for some time.

In the suit, Berberian alleges that the trust and sub-trusts are “insolvent” and that Spanos’ decision to move the team from San Diego to Los Angeles “has proved financially ruinous and that the family has no option but to sell the team in order to satisfy the trust’s debt obligations,” which she says are in excess of $358 million

Berberian also accuses Spanos of diverting $105 million from the trust to pay of various debts and of manipulating the trust for “wasteful purchase of an airplane that has no legitimate business justification.”

Alex Spanos purchased the franchise in 1984, and Dean Spanos took over management of it in 1994. The battle for the organization, between the sister and brother, became public knowledge after a 2021 petition filed by Berberian to put the trust up for sale.

 

[Corbin]

Great. This is why I like tenants with a stable family history!

Maybe we can evict them and get Khan in?

 

[RamsSince1969]

Great. This is why I like tenants with a stable family history!

Maybe we can evict them and get Khan in?

Maybe Stan will buy them and move them to Woodland Hills mall location.

 

[kurtfaulk]

.

let's hope the sister wins as she wants to sell the team and get her hands on the money.

maybe they will sell it to some mega billionaire that wants to take the team back to san diego and build their own stadium.

.

 

[RamFan503]

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let's hope the sister wins as she wants to sell the team and get her hands on the money.

maybe they will sell it to some mega billionaire that wants to take the team back to san diego and build their own stadium.

.

Honestly, they would become my second favorite team again. Since they forced their way into SoFi I can't stand them. SD always loved them. It's a total farce that they putzed their way into LA with their slum Lord ownership.

I went to SD for a few games and that place was rockin. But honestly, one of the few away venues where there were more Rams fans than home fans.

 

[blackbart]

All I see is blah blah blah Sandy snatch, blah blah spoiled brats fighting.

 

[HE WITH HORNS]

You what to do with problem tenants? Kick them out.

These guys are the Squatters.

 

[OldSchool]

Sounds like this is the same sister that tried to force the rest of the family to sell the team and she's at it again. She's the only one of the 4 and she keeps doing stuff like this with no support. Sounds like she's the crazy sister, doubt anything happens with this as much as I'd like Spanos gone.

 

[ottoman89]

Kick them the fuck out

 

[Merlin]

Hey Dean want a loan? Hahaha just kidding.
~ Kroenke

 

[dang]

Let them stay as long as they pay their rent but up the rent every year and collect their full security deposit when they leave for any holes in the wall or broken toilet seats.

 

[RamFanWA]

Bezo's has his eyes on the ownership of that team, it seems....
He can build his own stadium.....
Bezo's angling for a franchise??

 

[oldnotdead]

I told you Dean Spanos was a scumbag. There are bills from his move he still hasn't paid. He left hundreds of thousands in unpaid bills in San Diego. His sister wanted to sell the team and set up a family trust to pay everyone off the interest. She wanted to sell the team to a San Diego group that was going to rebuild the stadium keeping it in San Diego.

They got chased out of the development business in Modesto, for all his shady dealings. Dean is a carbon copy of his dad Alex Spanos. Alex Spanos said in public that as far as he was concerned, getting to the playoffs occasionally was good enough to keep the people buying tickets. He never gave a damn beyond that.

Bidwell is another owner like the Spanos family. He just wants a team good enough to keep selling tickets. We are blessed with an owner that takes this franchise seriously and he hired a like-minded Les Snead. IMO as long as Kroenke is the owner and Snead is the GM this team will always be good. I think McVay retires when Stafford retires. But I also think he's smart enough to groom his successor.

 

[Kupped]

Sounds like this is the same sister that tried to force the rest of the family to sell the team and she's at it again. She's the only one of the 4 and she keeps doing stuff like this with no support. Sounds like she's the crazy sister, doubt anything happens with this as much as I'd like Spanos gone.

Yup.
The family trust is set up to where she can sell her part.. to the other family members. I can’t remember the mechanism for valuation. What’s obvious is that any valuation would likely fall short of what the team would sell for on open market. Look at the broncos.

 

[oldnotdead]

The reason there is no family support is that Dean Spanos bought their loyalty with jobs within the franchise. It's the family business. The whole family is bent....just like Dean.

With the family bought off Dean and his brother can siphon off all they want. They were doing it in San Diego and it wasn't much of a secret.

 

[thirteen28]

maybe they will sell it to some mega billionaire that wants to take the team back to san diego and build their own stadium.

Which is absolutely what needs to happen. Someone who is wealthy outside of football needs to buy them, move them back to San Diego where they belong, and pay for his own building. That person would absolutely be a hero in San Diego.

 

[Merlin]

Vacating them back to San Diego also has the benefit of giving the league the threat of movement to LA for the other teams that will be needing stadiums. So I would assume that direction would be desired by the decision makers.

 

[rdlkgliders]

I have no problem with that team or their long-suffering fans. Their ownership/management is the issue.
So glad we dodged that bullet.
I would love good ownership to take over and move them back to SD so their most passionate fans can watch them locally and we don't have to deal with tenant issues

 

[IE Rams]

Jesus, these Spanoses are truly messed up. What a lovely family

 

[Gandalf]

Which is absolutely what needs to happen. Someone who is wealthy outside of football needs to buy them, move them back to San Diego where they belong, and pay for his own building. That person would absolutely be a hero in San Diego.

How many Walton kids are there?