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. Jun 10, 2022 Dea Spanos Berberian, the sister of Chargers owner Dean Spanos, is suing her brothers for "misogynistic" treatment, "self-dealing" and "breaches of fiduciary duty," ESPN's Adam. They now have an emerging superstar at quarterback in Justin Herbert and share the $5-billion SoFi Stadium with the Rams. I see another great franchise going down in flames due to greed of the already wealthy. The Chargers have emerged 33-28. Los Angeles Chargers owner Dean Spanos at a game in 2019. Spanos sued by sister as Chargers feud escalates, The future of the NFL combine: Is there really a chance it could end forever? 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 . A trust established by the late Alex and Faye Spanos, the family patriarch and matriarch, who both died in 2018, accounts for 36 percent of ownership effectively giving each of their children another nine percent ownership share. According to the filing, Berberian attempted numerous times and numerous ways to resolve the dispute. It was good the Chargers because Rivers was not a great day (21/37, 313 yards, 5 sacks, 1 interception). 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. Following the deaths of their parents in 2018, Spanos and Berberian were named co-trustees of the trust, which holds a 36% ownership stake in the team, court filings show. Chiefs feared Chargers more than any other team in 2017 draft; Bolts took WR Mike Williams instead of eventual two-time Super Bowl champion. 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. They added that in no circumstances will this situation impact control of the franchise.. Regarding the breaches of fiduciary duty, Berberians petition contends that Spanos repeatedly manipulated the trusts financials for his personal gain. That is the precedent Berberian argues the court should follow. The current political climate may be creating a potential for tax and legal exposure to the Spanos family trustees, absent a sale, that its caretakers would do well to consider. Factors likely, the division in which you move you more or less likely to win the playoffs. Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. Regarding the "breaches of fiduciary duty," Berberian's petition contends that. The player of the match for San Diego as Ryan Matthews (26 races, 120 yards, 3 trials). -> Created for Dea Berberian, Ron Berberian. She is represented by Adam Streisand, the same attorney who helped Jeanie Buss take control of the Los Angeles Lakers in the NBA. The filing also calls for the removal of her brother as a co-trustee and seeks unspecified damages. SPORTS ILLUSTRATED is a registered trademark of ABG-SI LLC. Her petition includes claims against Steven Cohen, the executive vice president of The Spanos Corporation. In 1948, Spanos married Faye Papafaklis. Dean Spanos has controlled the teams day-to-day management since 1994. ", Alexis, Dean's other sister, has also pushed back against Berberian's allegations: "The statements made in today's court filing about my brother Dean Spanos are outrageously untrue," she wrote. A legal filing by Dea Spanos Berberian seeking to force the sale of the Chargers cites $353 million in family trust debt. Information from The Associated Press was used in this report. Jaguars won't spend big, but here are five players they could target in free agency, The most memorable pre-NFL draft workouts ever: Coaches, scouts, execs make their picks, 2023 NFL franchise tag tracker: Raiders tag Josh Jacobs, the NFL's rushing leader. Did you encounter any technical issues? The lawsuit also lists multiple allegations of "breaches of fiduciary duty" by Dean Spanos, who is accused of diverting $105 million from the trust to various debts. dvelopper et amliorer nos produits et services. Suddenly, San Diegans have a Spanos to root for. 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 has since made . Tom Eddy Wines Spanos-Berberian Vineyard Cabernet Sauvignon Napa Valley, USA Avg Price (ex-tax) $ 452 / 750ml Red - Bold and Structured 3 from 1 User Rating 89 / 100 from 2 Critic Reviews Only a couple of critics have rated this Napa Valley wine so far. -> Created for Dea Berberian, Ron Berberian. Dean Spanos and Berberian are the sole co-trustees. 6-keys: media/spln/nfl/reg/free/stories, By pressing sign up, I confirm that I have read and agree to the. CNN Sans & 2016 Cable News Network. Anime, ice sculpting and Buffalo wings: NFL teams get creative as 2022 season schedule is released, In her lawsuit, Berberian alleges that Dean Spanos and brother Michael have acted against their parents wishes out of their deeply-held misogynistic attitudes and sense of entitlement as the men in the family in order to teach her that a woman has no rights.. If Dea no longer wishes to be part of this family legacy, the three of us stand ready to purchase her share of the franchise, as our agreements give us the right to do, they stated. Adam Streisand, the attorney for Berberian, declined to comment. Turn on desktop notifications for breaking stories about interest? LOS ANGELES Los Angeles Chargers controlling owner Dean Spanos has been accused of repeated breaches of fiduciary duty and misogynistic behavior in a lawsuit filed by his sister. 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. 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. That may be a blessing in disguise because Denver will have the first pick in the draft next April. Its just mystifying as to what her strategy is, Fabiani added, since the right of first refusal always rules in situations such as this.. The legal conflict came into public view in April 2021, when Berberian petitioned the Los Angeles County Superior Court to put the trust up for sale. 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. After the Broncos' record $4.65 billion sale to the Walton-Penner family, one of Denver's AFC West rivals, the Chargers, could be next on the list of NFL franchises to be sold. Meanwhile, the trust is so heavily concentrated in owning a minority stake in a professional football team that beneficiaries have no choice but to depend almost solely on the rise or fall of the Team.. 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Despite rumors to contrary and salary-cap concerns, Chargers general manager Tom Telesco declared star receiver Keenan Allen isnt going anywhere.. The petition paints a bleak picture of its finances, estimating an annual shortfall of $11 million with little cash flow or reason to believe the numbers will improve. A sister of Chargers owner Dean Spanos, Dea Spanos Berberian, has filed a petition in Los Angeles County Court asking a judge to force a sale of the team. Excel Known Addresses for Dea Spanos Berberian, 10100 Trinity Pkwy Stockton, CA 95219 Advertisements Source California Secretary of State Data last refreshed on Monday, April 4, 2022 What next? The families of Dean Spanos, Alexis Spanos Ruhl and Michael Spanos released a statement later Friday reaffirming their unity. 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. Alex Spanos bought the San Diego Chargers in 1984 and Dean Spanos took over . Who would have thought Klein the old owner would be so sorely missed. The lawyer went on to say that Berberian's three siblings, Dean, Michael and Alexis, have stood firmly in opposing her in the past and that "today's lawsuit will receive the same reaction.". 2023 www.recordnet.com. 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. Spanos Berberian Wine Co 2021 W March Ln Stockton CA 95207. ESPN also reported that a lawyer familiar with the matter believes Berberian is trying to embarrass her brothers and that all three siblings, including Michael and Alexis Spanos, stand together in opposing her. Rich people and their perceived reputations. In the context of very weak AFC West, San Diego has no right to miss the playoffs. For his part, her brother Dean, who manages the operations of the team, argues that their parents . Lawsuit was filed today in California and calls for Dean Spanos to be removed as a co-trustee. They stated Spanos Berberian seems to have a different and misguided personal agenda from their own plan to keep the NFL club in the family for generations to come. As noted by Daniel Kaplan of TheAthletic.com, Berberian agreed earlier this week that her 2021 lawsuit, aimed at forcing the sale of the 36-percent interest held by the familys trust, should go to the NFLs secret, rigged kangaroo court (i.e., arbitration). They are the sons of one of Spanos' sisters, Dea Spanos Berberian. Dea Spanos Berberian, 62, is secretary of the board and executive vice president. The Chargers have six players and a coach entered the Pro Football Hall of Fame: The wide receiver Lance Alworth (1962-1970), the defensive end Fred Dean (1975-1981), quarterback Dan Fouts on (1973-1987), head coach / general manager Sid Gillman (1960-1969, 1971), wide receiver Charlie Joiner (1976-1986), offensive lineman Ron Mix (1960-1969) and the tight end Kellen Winslow (1979-1987). Los Angeles Chargers controlling owner Dean Spanos has already earned one victory this summer by getting his legal dispute with his sister, Dea Spanos Berberian, moved out of Los Angeles. San Diego did not actually justified the compliments on the ground. they can afford. Spanos and Berberian were left as co-trustees of the trust following the deaths of Alex and Faye Spanos in 2018. 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). "Many people say that, but it made us more harm than good to hear," coach Norv Turner tempers. A lawyer familiar with the matter told ESPN that Berberian's motive for filing the suit is to embarrass Spanos publicly. Nearly half of that ($164,778,931) is . The petition was filed by Dea Spanos Berberian, who serves a co-trustee of the family trust with Chargers owner Dean Spanos. During the 34 years following the merger, the Chargers went ten times in the playoffs four times and reached the final of the AFC. As it relates to capital gains tax on inherited assets, another potential change would be significantly costly. There must be a part of success in the NFL. 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. Every story about NFL owners is like reading a comic book. Not a member? STOCKTON - Chargers controlling owner Dean Spanos faces several allegations in a new lawsuit. 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. Sorry for my poor english translation. The four siblings are equal beneficiaries of the family trust, according to court documents. Maybe taxpayers should buy both sides of the family a stadium so they can share the team. 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. Smart girl. Order Online Tickets Tickets See Availability Directions . Meet Dea Spanos Berberian, a sister to Chargers controlling owner Dean Spanos. In a November 2019 letter included with the court filing, Dean Spanos vowed to his three siblings that he would retain an investment bank at the end of the 2024 season in an effort to find a new owner. -> Site for Ron Berberian, Dea Berberian. The trust's beneficiaries are the four Spanos siblings: Dea, Dean, Michael Spanos and Alexis Spanos Ruhl. at Do Not Sell or Share My Personal Information. Busy times are ahead, for lawyers representing the Spanos family. Dean and Michael Spanos and another sibling, Alexis Spanos Ruhl, have engaged in a public quarrel with Berberian. Information from The Associated Press was used in this report. Berberian is trying to make the case that Dean has put the family trust in such deep . Berberian, co-owner of The Spanos Corporation since 1994, serves as its executive vice president, director and secretary. Most of the debt is money the Chargers loaned the family trust, a common practice because the team can get a lower interest rate. Learn how your comment data is processed. Thursday in a Los Angeles court, Dea's lawyer made a bid to force . Berberian is reportedly seeking sole control of a family trust that accounts for more than one third of Chargers ownership. 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. The filing was made this week in San Joaquin County Super Court by Dea Spanos Berberian, Dean's sister. Dea Spanos Berberian filed a petition . Chargers owner Dean Spanos attends the NFL team owners meetings in New York in October. 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 three of us and our children, representing more than 75 percent of the family and its ownership of its businesses, stand united in support of our parents' and grandparents' wishes, including as to the continued ownership and operation of the Chargers. Get the latest on L.A.'s teams in the daily Sports Report newsletter. . Dea Spanos Berberian filed the suit Thursday in San Joaquin County Superior Court, as ESPN reported, seeking sole control of the Spanos Family Trust that constitutes more than one-third of the Chargers' ownership. Berberian seeks sole control of the family trust that owns the largest share of the franchise, according to a petition filed in San Joaquin County Superior Court. Spanos Berberian seeks a California state court ruling on how to manage the 36 percent share owned by the trust. San Diego is now one of the better off. Additionally, Berberian claims the Chargers move from San Diego to Los Angeles was financially ruinous and the family needs to sell to recoup the trusts debt. U-T draft analyst Eddie Brown has the Chicago Bears considering a trade, Privacy PolicyTerms of ServiceSign Up For Our NewslettersSite Map, Copyright 2023, The San Diego Union-Tribune |. Please check the opt-in box to acknowledge that you would like to subscribe. 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 . All Rights Reserved. Voluntary arbitration is legal in employment contracts. She also alleges that Dean diverted $105 million from the trust to various debts, claiming he manipulated the trust to borrow over $60 million "for the wasteful purchase" of a private plane "that has no legitimate business justification." The Spanos brothers, her lawsuit argues, "believe to their cores that, regardless of what their parents intended and their wills specified, men are in charge and women should shut up. What will the Buffalo Bills do without defensive coordinator Leslie Frazier? Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. 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. --- Get directions, reviews and information for Spanos Berberian Wine Co in Stockton, CA. Thursday in a Los Angeles court, Deas lawyer made a bid to force the sale of the Chargers. 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. But the Chargers are much higher. 2. 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.". Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. In March 2021, she filed a petition to Los Angeles Superior Court asking the franchise be sold due to mounting trust debts. 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. Follow Receive an email notification when changes occur for Dea Spanos Berberian,. They said that, if necessary, they were prepared to buy their sisters stake in the franchise. The NFL intervened and asked to arbitrate the matter since it was a dispute among NFL owners, a source familiar with the case told CNN. However, theres still reason to believe this could become a sticky situation for the Spanoses. I can only refer you to the statement made by the three siblings that they have no intention of selling the team, said Chargers special counsel Mark Fabiani, when asked Thursday if the petition could result in the team being sold. You may occasionally receive promotional content from the Los Angeles Times. Moreover they are worth much better than their record 2008-2009. Spanos earned varsity letters in running and diving at the University of the Pacific in Stockton and later distinguished . Ask the Browns and Commanders fans. section: | slug: chargers-owner-dean-spanos-sued-by-sister-for-financially-ruinous-business-family-rebuts-false-charges | sport: football | route: article_single.us | Chargers fans of the world, rejoice Dean Spanos, the widely hated part-owner of the L.A. Chargers, is being sued by his sister, Dea Spanos Berberian, for repeated misogynistic behavior. The NFL has declined comment on the matter. Together, Ron and Dea, are dedicated to enhancing the experience of visiting Bell Wines and offering the best quality of their award-winning wines. sadly, The Chargers are like the Commanders, I want to root for the team but their ownerships are too awful to root for. Yet none of those probably best describe what the son of Greek immigrants would use to describe himself: husband, father, grandfather and friend. Business leader Dea Berberian, Adobe executive Brian J. Miller and philanthropist Janet Rogers are the newest members of the University of the Pacific's Board of Regents. NFL Combine 2023: Colossal Richardson breaks QB records, Jackson Mahomes accused of assault at Kansas restaurant, NFL combine measurements: Full list of WR, TE numbers, Agent's Take: Rodgers' trade value, logistics, best fit, Ex-Patriots star McGinest facing 8 years in prison, Gould to test market, won't kick for 49ers in '23. It is unfortunate that our sister Dea, who clearly has no interest in continuing to participate in the familys business, has resorted to false and provocative charges in an attempt to impose her will on the rest of the family, the families of Alexis Spanos Ruhl, Michael Spanos, and Dean Spanos said in a joint statement, via Gilbert Manzano of the Los Angeles Daily News. The remaining 4% of the franchise is owned by other parties outside of the Spanos family. On the surface, Spanos Berberians claim of debt as a driving force to sell the team doesnt seem convincing. When previous owners Alex and Faye Spanos died in 2018, they left each of their four kids 15% of the team, and another 36% to the family trust with Dean Spanos and Berberian as co-trustees. Fifteen percent apiece belongs to four siblings: Dean, Dea, Chargers Vice Chairman Michael Spanos and Alexis Spanos Ruhl. They have four adult children: Dean Spanos, the Chargers' team president; Michael Spanos, the Chargers' executive vice president; Alexis Spanos Ruhl, a vice President of A.G. Spanos Companies; and Dea Spanos Berberian, a vice President of A.G. Spanos Companies. "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. Berberian is represented by Adam Streisand, who represented Jeanie Buss in her fight to gain control of the Lakers from her brothers, and Steve Ballmer in the proceeding that forced Donald Sterling to sell the Clippers. For the three of us, the Chargers is one of our familys most important legacies, just as it was for our parents, the statement said. Spanos-Berberian Wine Company, LLC in Stockton, CA . Berberian, the sister of the Chargers' owner . Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. Just ask Michael Vick what he thinks. Her siblings say they love owning the football team. 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 four decades ago, the family patriarch, Alex Spanos, purchased a majority interest in the San Diego Chargers for $40 million. 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. In addition to. And if it were accepted that the team must be sold to take advantage of favorable tax treatment under current law, selling a controlling stake would fetch the highest price and would align with fiduciary responsibility. Berberian, therefore, is looking to control a total of 51 percent of the team, making her majority owner. Dea Spanos Berberian, sister of Dean Spanos, has filed a petition in Los Angeles County Superior Court in an attempt to force the Spanos family to sell the Chargers. That included mediation with a retired L.A. County Superior Court judge that didnt work. The trust has control over one-third of the ownership stake. 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. 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. She knew right then, the team needed new ownership. 1:57 AM EDT, Sat June 11, 2022, Dean Spanos, seen here in 2021, is being sued by his sister who co-owns the Chargers franchise, CARSON, CA - NOVEMBER 03: Philip Rivers #17 of the Los Angeles Chargers passes the ball in the first half against the Green Bay Packers at Dignity Health Sports Park on November 3, 2019 in Carson, California.