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'Dean refuses to consider a sale of the Trust's Interest of the Chargers, insisting that the Co-Trustees continue to borrow more and more, and to force the charities and the beneficiaries to wait for years and to "hope" while Dean speculates further on a football team,' read Berberian's filing, which was obtained by DailyMail.com. The filing was made this week in San Joaquin County Super Court by Dea Spanos Berberian, Dean's sister. dea spanos berberian husband. According to Forbes.com, the teams worth in the spring 2021 was $2.6 billion. Dea Spanos Berberian filed a petition Thursday in San Joaquin County Superior Court seeking sole control of the family trust that has a 36% stake in the ownership of the Chargers. [20][21], He also led the Chargers to partner with the Susan G. Komen Foundation in San Diego in honor of his wife Susie, who is a breast cancer survivor. Each of four Spanos siblings owns a 15 percent stake in the team and the family trust owns 36 percent, per the report. Dea Berberian filed the initial lawsuit on April 1, 2021, charging the trust is deeply in debt, and the only solution is a team sale to fund the estate-planning vehicles charitable obligations. 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 . Pizza Restaurants In The 1980s, Dea Spanos Berberian has filed another lawsuit aimed at wresting control of the NFL franchise the family owns. As a result, the executors were unable to provide the IRS with any documents or records and didnt learn of the audit until they received a notice of deficiency on Oct. 12, 2021. The filing was made this week in San Joaquin County Super Court by Dea Spanos Berberian, Deans sister. Dimitri and Lex Economou, Spanos nephews, sued him this week in San Joaquin County, according to the Los Angeles Times. [27], He was appointed to the board of the John F. Kennedy Center for the Performing Arts in Washington, D.C. in 2006. The NFL requires arbitration for any dispute over a team stake. Berberians lawyer declined to comment. OCTOBER 2016 Vol. An attorney for Dea wrote in a filing Tuesday that even selling minority controlling interest can help solve the family's financial problems, pointing to recent precedence. Dea Spanos Berberian filed a petition Thursday in Los Angeles County Superior Court contending that mounting debt from the franchise is creating an estimated yearly loss of at least $11. Anna.Sulkin | Feb 02, 2022. The comments below have not been moderated. Catherine Bigelow is a freelance reporter-columnist-blogger who specializes in coverage about boldfaced names and A-List affairs. We'll send you the top local news stories every morning at 8 a.m. By clicking subscribe, you agree to share your email address with Times of San Diego to receive our free newsletter and breaking news alerts. On the single issue certified for Commissioner arbitration, the Economous are proxies for, and asserting claims on behalf of, the Trust, which is an owner of a member club of the NFL, bound by the NFL Constitution & Bylaws.. The couple raised four children in Stockton as Alex Spanos built a billion-dollar . 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. Faye Spanos, the beloved wife of Los Angeles Chargers owner Alex Spanos, passed away Tuesday night. Dean Spanos' attorneys have disputed those claims. The daughter of late Chargers owner Alex Spanos has filed a lawsuit in a bid to force the family trust's sale of the Los Angeles-based NFL franchise Dea Spanos Berberian says the reckless. The petition also alleges that the trust was incorrectly assigned $14 million in cancellation of indebtedness income based on a flawed ScheduleK-1issued to the trust byTrinity Capital Development LLC, a real estate investment company of which theSFTowns 76%. Inability to pay off charitable obligations. 1 - 50. Back on December 1, Alex's son Dean Spanos, who runs the Chargers, and his wife Susie joined with the other Spanos children to throw a $500 per plate ($1000 for "VIP" photo op) lunchtime fundraiser. Her three siblings are not thrilled with the situation."It is unfortunate that our sister Dea, who clearly has no interest in continuing to participate in the family's business, has resorted to false and provocative charges in an [more] [12][13][14], The team's temporary headquarters is currently in Costa Mesa under a 10-year lease until a permanent location in the Los Angeles area is acquired. Nov. 23, 2011 News Ticker Texas governor and GOP presidential candidate Rick Perry may be sliding in the polls, but he still has the backing of Chargers president Dean Spanos (pictured) and his. Past Address. 781-535-5822 Faygen Robidoux. and Restated Declaration of Trust amends and restates in its entirety the ALEX AND FAYE. Alex made more money in the four months after leaving his father's bakery than in the 20 years he worked at the store. Perhaps even more importantly, the Denver Broncos were recently purchased for record-breaking $4.6 billion, and the fact that there are multiple bidders who were unsuccessful in that process has bolstered enormously interest in other teams, especially in a major market like Los Angeles.. Not so shipshape! With Dean Spanos as a chairman, the San Diego Chargers have participated in several Super Bowls, becoming one of the top three teams with wins, including five AFC West titles in 2004, 2006, 2007, 2008 and 2009. Image: Getty Images. Copyright 2023 NBCUniversal Media, LLC. Team Reporter. Berberian also alleges the trust is in such bad shape its unable to make good on $18 million in charitable pledges to multiple universities, hospitals, and religious organizations. Stay up-to-date with the latest news, stories and headlines in Stockton, CA from Stockton Record. Farmers' Almanac 2021 Washington State, The suit claims the trust is, as of December 31, 2021, $358 million in debt and losing $11 million annually. [32], Last edited on 15 February 2023, at 13:39, John F. Kennedy Center for the Performing Arts, Dean and Susie Spanos article Giving Back, "President of the NFL team San Diego Chargers", "Chargers owner Dean Spanos driven by work ethic", "Chargers owner Dean Spanos cedes day-to-day control of team to sons", "Chargers announce decision to relocate to Los Angeles", "Ryan Seacrest asks Chargers owner Dean Spanos about being a 'villain', "Dean Spanos could have been a hero, but now he's San Diego's villain", "History of the 15 year effort by the Chargers to get a new stadium", "Chargers Confirm Move To Los Angeles For 2017 NFL Season", "Spanos Family, Chargers Donate $250K In Grants To San Diego County Schools", "Spanos clan saves its charity for Stockton", "Spanos Fundraiser for Rick Perry A Family Affair", "UC San Diego Breaks Ground on Alex G. Spanos Athletic Performance Center", "San Diego Chargers partner with Susan G. Komen San Diego", "Chargers, Spanos Family Donate to Hurricane Harvey Relief Effort", "Chargers pledge $500,000 to help victims of Tropical Storm Harvey", "Chargers' Dean Spanos among NFL's 100 most important people", "American Hellenic Council Honors LA Chargers Owner Dean Spanos", "National Football Foundation to honor three South County individuals", https://en.wikipedia.org/w/index.php?title=Dean_Spanos&oldid=1139503457, This page was last edited on 15 February 2023, at 13:39. Dea Berberian, sister of Dean Spanos, has filed a lawsuit seeking to force the sale of the team, saying her brother's management has led to losses for the family trust. Contents 1 Early life and education Known Addresses for Ronald Berberian. The trust's stake in the Chargers makes up 83 percent of its holdings. Berberian and Dean Spanos are co-trustees of the trust set up by their parents, who passed in 2018. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. After his death, his four adult children -- Alexandra Spanos Ruhl, Michael Spanos, Dean Spanos and Berberian -- were each given 15% of the team. According to A.J. 781-535-9491 . Chargers Owner Dean Spanos in Legal Fight with Nephews Over Family Trust, Ex-Chargers GM Beathard, Who Guided Team to Only Super Bowl Appearance, Dies at 86, Opinion: Latest Chargers Loss a Reminder of Why San Diego Fans Let Them Leave, Boltman for $50,000? Whoops! Mon-Thur 08:00 - 16:00 Fri 08:00 - 15:00 Saturday and Sunday closed. Their father Alex Spanos, bought the Chargers in 1984, and Dean is now the controlling owner. His parents were both of Greek ancestry. Alex Spanos (right) bought the San Diego Chargers in 1984 and Dean Spanos took control in 1994. It appears that the Los Angeles Chargers franchise will remain in the Spanos family for the foreseeable future. dea spanos berberian husband. Rick Perry has stopped paying its staff due to fundraising problems, a stunning move that signals serious problems at the operation. Since the filing of the (lawsuit), the NFL secured an historic media deal that juiced the value of teams across the board, and their attractiveness to purchasers, the motion continued. info@gurukoolhub.com +1-408-834-0167; dea spanos berberian husband. The petition was filed by Dea Spanos Berberian, who serves a co-trustee of the family trust with Chargers owner Dean Spanos. Robert paid $600 million for the Houston Texans after . 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. It is the latest development in a multiyear legal battle over control of a family trust that owns 36% of the Chargers, a franchise worth $3 billion, per Sportico's NFL team valuations. His father's name is Alex Spanos and his mother's name is Faye Spanos. The filing includes a letter in which Dean Spanos said he would hire an investment bank that would allow any member of the family to sell their stake at the end of the 2024 season. Berberian is married to Alex Spanos' daughter, Dea Spanos Berberian. Monday - Friday 09h - 20h. Berberians two sons, Dimitrios and Alexandros Economou, have also filed a lawsuit against Dean Spanos and his brother Michael, alleging they diverted trust assets into holding companies for the team and stadium. The move resulted in money shifting from the trust to themselves personally.. As a result, Spanos and Berberian are asking that the court find that the listed adjustments were made in error and that the trust owes no income tax for the 2017 tax year. She has been the co-owner of the Los Angeles . 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. In her estimation its necessary to overturn years of financial mismanagement by Dean, Michael, and Steve Cohen (executive vice president of The Spanos Corporation). 844-969-8315 Arjen Beard. One example, taken from the lawsuit: Dean continues to use Trust assets as collateral, draw on the Trusts lines of, credit, and refuses to pay dividends for his own personal benefit and in breach of his fiduciary duties. Try a week on us. Alex Spanos bought the San Diego Chargers in 1984 and Dean Spanos took over . Eternal be the memory of Faye Spanos. Known Addresses for Dea Spanos Berberian, 10100 Trinity Pkwy Stockton, CA 95219 Advertisements Source California Secretary of State Data last refreshed on Monday, July 12, 2021 SPANOS FAMILY TRUST executed by Husband and Wife, as Settlers, and A.G. Spanos, as . [31] He also was inducted into the DeMolay International Alumni Hall of Fame. 6200 Washington St Yountville, CA 94599 2021 W March Ln Stockton, CA 95207 3755 West Ln Stockton, CA 95204 PO Box 7066 Stockton, CA 95267 4224 Riviera Dr Stockton, CA 95204 517 E Weber Ave Stockton, CA 95202. Dimitri and Lex Economou filed their suit this week in San Joaquin County. Spanos took over daily operations from his father in 1994, becoming president and CEO, until he passed operations to his own sons in 2015. The suit also alleges that the move from San Diego to Los Angeles in 2017 was a financial catastrophe, and that the familys only option to satisfy the trusts debt of nearly $360 million is to sell the team. The NFL has held off intervening . Amazon CEO Jeff Bezos has been linked to four NFL franchises in the last three years, including the Seahawks, Lions, and Washington Football Team. Find company research, competitor information, contact details & financial data for Spanos-Berberian Winery, LLC of Yountville, CA. Although the Los Angeles Chargers aren't mentioned by name in a 47-page petition filed by Dea Spanos Berberian in a California court last Wednesday, the team's ownership lies at the heart of the petition. April 1, 2021 12:41 pm PT. They are the parents of four adult children: Dean Spanos, who serves as the Chargers' Team President; Micheal Spanos, who serves as the Charger's 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. . Dea and Dean are actually on the same side in one legal battle: a petition in U.S. Tax Court on Jan. 10 to challenge $5.8 million in back taxes and penalties. '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,' the petition says. Nearly half of that is due to the trust's investment in the team. The 2021 court filing alleges the Spanos family legacy is in danger of suffering irreparable financial and reputational damage.. Dea says her brother has been using the trust to pay against debts, many of them for his own personal gain and the detriment of the rest of the family. Dean Alexander Spanos (born May 26, 1950) is the chairman and owner of the National Football League (NFL)'s San Diego / Los Angeles Chargers franchise. The April petition by Berberian, who serves as co-trustee of the family trust along with her brother, alleged the trust's debts and expenses exceed $353 million with little hope for the situation. Advertisements. . The Chargers are coming off a 7-9 season and have struggled to sell tickets since moving to LA, (From left to right)Dean, Michael, and A.G. Spanos during the NFL football game between the San Diego Chargers and the Jacksonville Jaguars at Qualcomm Stadium in 2014.