It claims the only solution for the finances is to sell the NFL . For her part, Berberian hired high-profile attorney Adam Streisand, who represented billionaire Steve Ballmer in his successful bid to buy the Los Angeles Clippers as well as Jean Buss in her winning effort to wrestle control of the Lakers from her brother. He is the son of Alex Spanos, who purchased majority interest in the team in 1984. It would seem unnecessary to opine on changed NFL team valuation conditions or media deal that she had referred to in her 2021 lawsuit. 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. There was an error and we couldn't process your subscription. 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. If Berberian is able to remove Dean she would effectively be in charge of 51% of the Chargers ownership. Enter address: This website, like most media sites, uses small files called cookies to anonymously customize the advertising that you see. The couple raised four children in Stockton as Alex Spanos built a billion-dollar . Over the years, Spanos eventually came to control 96% of the team and he passed that on to his . In the legal filing which spans 156 pages Berberian . Here's everything you need to know about the NFL for April 2 Chargers co-owner Dea Spanos Berberian, the sister of controlling owner Dean Spanos, wants to see the team sold and she specifically mentioned that the Chargers should reach out to Bezos to see if . In fact, the budget shortfall is so bad that the family trust might be forced to renege on $22 million that has already been pledged to charities. This section can be locked, requiring permission to view. Berberian contends the trust has debts and expenses exceeding $353 million, with no plan for how it will pay $22 million it has pledged to charities. and Restated Declaration of Trust amends and restates in its entirety the ALEX AND FAYE. Charles 'will NEVER build real relationship with Archie and Lili unless Harry and Meghan get new royal 'Putin has STOLEN our Ukrainian children': Distraught parents tell how THOUSANDS of youngsters never EMILY PRESCOTT: Sarah Ferguson 'confused' after seeing photos from goddaughter's wedding she thought she was Joe Biden is 'unlikely' to attend King Charles' coronation due to Ireland trip - despite promising to A 14-year-old autistic boy's naive prank. [23] After Hurricane Harvey in 2017, Spanos and the Chargers donated $500,000 to hurricane relief. Spanos is survived by his four children, Dean, Dea Spanos Berberian, Alexis Spanos .
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