LOS ANGELES — Los Angeles Chargers controlling proprietor Dean Spanos has been accused of repeated breaches of fiduciary accountability and misogynistic behaviour in a lawsuit filed by means of his sister.
The submitting escalates the continued struggle a number of the 4 Spanos siblings over keep an eye on of the franchise.
Dea Spanos Berberian filed a petition Thursday in San Joaquin County Awesome Court docket searching for sole keep an eye on of the relations believe that has a 36% stake within the possession of the Chargers. The lawsuit additionally asks the court docket to droop and take away Dean Spanos as a co-trustee within the believe and requests the disqualification of Michael Spanos as successor co-trustee.
Dean Spanos, Michael Spanos and Alexis Spanos Ruhl issued a commentary announcing they’re united in proceeding possession of the staff.
“It’s unlucky that our sister Dea, who obviously has little interest in proceeding to take part within the relations’s companies, has resorted to leveling false and provocative fees in an try to impose her will on the remainder of the relations,” the commentary mentioned. “The 3 folks and our youngsters, representing greater than 75% of the relations and its possession of its companies, stand united in reinforce of our folks’ and grandparents’ needs, together with as to the continuing possession and operation of the Chargers.”
Dean Spanos and Berberian have been left as co-trustees of the believe following the deaths of Alex and Faye Spanos in 2018.
Of the remainder 64% of the Chargers possession stake, Dean Spanos, Berberian, Alexis Spanos Ruhl and Michael Spanos each and every personal 15%. The remainder 4% is owned by means of non-family participants.
Alex Spanos purchased the San Diego Chargers in 1984 and Dean Spanos took over managing the franchise in 1994.
Within the submitting, Berberian accuses Michael and Dean Spanos of time and again performing “out in their deeply-held misogynistic attitudes and sense of entitlement as the lads within the relations.” It states that Dean and Michael “consider to their cores that, without reference to what their folks supposed and their wills specified, males are in rate and girls will have to close up.”
Spanos Ruhl issued a separate commentary announcing the allegations by means of her sister are unfaithful.
“During this complete ordeal that was once instigated with out justification by means of my sister Dea Berberian, my brother Dean has been unfailingly respectful of me and of my needs. And he has been combating, along side my brother Michael and me, to satisfy the needs of our mom, Faye, with regards to our relations and our companies,” she mentioned. “To signify Dean as one way or the other being lower than absolutely respectful of the ladies in our relations shouldn’t be proper.”
In keeping with the believe’s monetary statements, money owed totaled over $358 million as of Dec. 31, with debt provider and bills of a minimum of $11 million in keeping with 12 months. The believe’s stake within the Chargers makes up 83% of its holdings.
Forbes valued the Chargers at $2.6 billion in its contemporary franchise ratings. The believe’s percentage may well be price just about $988 million.
Berberian has additionally accused Dean and Michael Spanos of borrowing over $60 million from the believe to shop for an aircraft and “intentionally” destructive her courting with the pastor of her Greek Orthodox church.
Berberian filed a petition remaining March in Los Angeles County Awesome Court docket searching for to have the court docket put the believe and staff’s possession stake up on the market. Berberian agreed previous this week to have the topic heard earlier than the NFL in arbitration.
The NFL declined to remark at the topic.
