After the Broncos’ record $4.65 billion sale to the Walton-Penner household, one in every of Denver’s AFC West rivals, the Chargers, might be subsequent on the listing of NFL franchises to be sold. That is largely due to a longstanding authorized dispute that continued this week, when the sister of present Chargers proprietor Dean Spanos filed a lawsuit accusing her brother of “misogynistic” and “financially ruinous” enterprise practices, arguing that the Spanos household has no alternative however to promote the group in an effort to repay its money owed.
Dea Spanos Berberian filed the go well with Thursday in San Joaquin County Superior Courtroom, as ESPN reported, searching for sole management of the Spanos Household Belief that constitutes greater than one-third of the Chargers’ possession. (Late billionaire Alex Spanos bought the group in 1984, and his 4 kids, together with Dean and Dea, every personal 15 p.c of the membership, whereas the household belief owns 36 p.c.) Berberian, subsequently, is trying to management a complete of 51 p.c of the group, making her majority proprietor.
Her lawsuit additionally requests the courtroom droop and take away Dean Spanos as a co-trustee, accusing each he and brother Michael, the group’s vice chairman, of working “out of their deeply held misogynistic attitudes and sense of entitlement as the lads within the household.” The Spanos brothers, her lawsuit argues, “imagine to their cores that, no matter what their mother and father supposed and their wills specified, males are in cost and girls ought to shut up.”
The households of Dean, Michael and Alexis Spanos Ruhl have since rebutted Berberian’s claims in an announcement issued to CBS Sports activities by way of Mark Fabiani, particular counsel for the Chargers: “It’s unlucky that our sister Dea, who clearly has little interest in persevering with to take part within the household’s companies, has resorted to leveling false and provocative fees in an try to impose her will on the remainder of the household. The three of us and our youngsters, representing greater than 75 p.c of the household and its possession of its companies, stand united in assist of our mother and father’ and grandparents’ needs, together with as to the continued possession and operation of the Chargers.”
Alexis, Dean’s different sister, has additionally pushed again in opposition to Berberian’s allegations: “The statements made in right this moment’s courtroom submitting about my brother Dean Spanos are outrageously unfaithful,” she wrote. “All through this whole ordeal that was instigated with out justification by my sister Dea Berberian, my brother Dean has been unfailingly respectful of me and of my needs. And he has been preventing, together with my brother Michael and me, to meet the needs of our mom, Faye, referring to our household and our companies. To characterize Dean as by some means being lower than absolutely respectful of the ladies in our household is simply not proper.”
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Berberian claims that Dean’s resolution to relocate the Chargers from San Diego again to Los Angeles in 2017 has put the belief greater than $358 million in debt. She additionally alleges that Dean diverted $105 million from the belief to varied money owed, claiming he manipulated the belief to borrow over $60 million “for the wasteful buy” of a personal aircraft “that has no respectable enterprise justification.” She is represented by Adam Streisand, the identical lawyer who helped Jeanie Buss take management of the Los Angeles Lakers within the NBA.
Dean Spanos, for what it is value, has lengthy insisted he won’t ever promote the Chargers. However Berberian, who runs the household belief together with her brother as co-trustee, has been angling for extra management contained in the franchise since at the least final yr. In March 2021, she filed a petition to Los Angeles Superior Courtroom asking the franchise be bought attributable to mounting belief money owed. Berberian’s sons, Dimitri and Lex Economou, additionally beforehand filed a lawsuit in opposition to Dean Spanos, alleging that he secretly diverted cash from the belief.
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