Los Angeles Chargers co-owner claims move to LA has been ‘financially disastrous’ in lawsuit against sibling co-owner

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The ongoing battle for the majority of the Los Angeles Chargers has taken a new turn after co-owner Dea Spanos Berberian files a lawsuit against her co-owner brothers Michael and Dean Spanos Spanos.

On Thursday, ESPN NFL insider Adam Schefter reported that Berberian lawyers have filed a lawsuit in the San Joaquin County Superior Court, where she accuses her brothers of “misogynistic” behavior, repeated “violations of fiduciary duty” and asked the court for Dean Spanos. to be removed from office. mocks as co-trustee of the family trust. She is also seeking unspecified financial damages in the lawsuit.

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On the file, Berberian accuses her brothers of acting “out of their deeply held misogynistic attitude and sense of entitlement as the men in the family … and of rationalizing their pitiful behavior which she says is intended to teach her that a woman has no rights.” regardless of what a confidence instrument might say.”

Berberian and Spanos Fight to Control Majority of Los Angeles Chargers

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Dea, Michael, Dean and their sister Alexandra Spanos Ruhl each own 15% of the organization. While the trust controls another 36%, or more than a third of the franchise. Berberian and Dean Spanos became the co-administrators of that 36% in 2018 after the deaths of Alex and Faye Spanos.

Having Spanos legally removed from the trust would give Berberian the majority on the team, a goal the pair has been fighting over for some time.

In the lawsuit, Berberian alleges the trust and subtrusts are “insolvent” and that Spanos’ decision to move the team from San Diego to Los Angeles has proved “financially disastrous and the family has no choice but to send the team to meet the trust’s debt obligations,” she says, which is more than $358 million

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Berberian also accuses Spanos of diverting $105 million from the trust to pay various debts, and of manipulating the trust for “squandering purchase of an aircraft that has no legitimate business justification.”

Alex Spanos bought the franchise in 1984 and Dean Spanos took over management in 1994. The battle for the organization, between the sister and the brother, became public knowledge after a 2021 petition filed by Berberian to put the trust up for sale.

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