Actually the Chargers aren't solvent as his sister contends. The Charger paid Rivers because they were still in SD and had the money to do it. Spanos has been bleeding money since the move. He's had to withhold payouts to the extended family to cover operating costs. Vendors including the moving company have never been paid. His $365 M he owes the NFL has never been paid. He hasn't paid his share of the costs at SoFi. They are playing in SoFi rent free. So if you add in all the Chargers owe, plus the things they should be paying like his rent at SoFi, they are BK. The family payouts were dictated in the family trust from Alex Spanos (Dean's father) who controlled 35-40% ownership.
Dean Spanos told his family that the value of the franchise would be huge and that when it reached a certain point (which it has) he would sell the team and pay everyone off. Word is he is searching for someone to buy that trust percentage to pay them off while he retains his controlling interest via himself, his son, and a couple of other family members. What pissed people off is that Eli Broad offered to do that right after Alex passed. He also offered to foot the bill to build a state of the art stadium in San Diego. But Dean's greed quashed that. That promise is the basis for his sister's suit.
If Herbert demands a trade as he might, Dean isn't going to have a lot of options. But that is all moot because McVay loves Mayfield. If Baker plays well (win or lose) IMO that will cement the deal. Another thing not really mentioned in most of the media is how Stafford was also in Baker's ear telling him what he saw and helping with protection calls. If he continues that and I think he will that would be big time mentoring. It's why I'm confident that Baker will stay at least another year as a backup then assume the start in 2024.
You are factually wrong.
The team is fine.
The Spanos trust, which owns 36% of the team, has some financial issues. Seems like they're figuring it out.
And, last I've read.. and, feel free to get caught up on the latest.. I'll put the link below... the sister backing off the lawsuit.
I'm sorry.. you can make up all the stuff you want.. but you don't seem to know what you're talking about.
A lot of people, including you, seem to see the "36%" thing and believe that's the portion of the team the family owns.
That is incorrect.
The family members own 60% of the team.. the trust owns 36%.. and outsiders own 4%.
They're looking at 2024 as a possible start date to look into a possible sale.. because that's when the penalty for selling the team after relocation becomes more palatable.
Herbert isn't going to ask for a trade because he's in a team that treats him well in the #2 media market in the nation and the Chargers will pay him. Probably this offseason.
The vendor stuff? Run of the mill business disputes.
The relocation fee? Shit.. refinanced a loooong time ago.
In a decision that heavily favored the team moving to Los Angeles, NFL owners approved a waiver of the league’s debt ceiling on Dec. 14, 2016 for the San Diego Chargers. The waiver allows the…
chargerswire.usatoday.com
You can speak with all the certitude as you like, but you are woefully misinformed on what's going on with the Chargers.
**fixed link below**
https://theathletic.com/3497834/2022/08/11/dean-spanos-chargers-sale/