Report: Chargers Co-Owner Dea Spanos Berberian Drops Demand Brother Dean Sell Team | News, Scores, Highlights, Stats, and Rumors
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It appears that the Los Angeles Chargers franchise will remain in the Spanos family for the foreseeable future.
Last April, Dea filed a petition to impel the sale of the franchise, saying that there was no way for it to pay off its debts. The Spanos family has owned the Chargers since 1984, with Dean, Dea and their two siblings each owning 15 percent of the team with another 36 percent in a family trust.
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.
“The NFL secured an historic media deal that juiced the value of teams across the board, and their attractiveness to purchasers,” Dea’s attorney, Adam Streisand, wrote. “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 … interest in other teams, especially in a major market like Los Angeles.”
According to Perez, Dean and the rest of the family “have long pushed back that the family trust has ever had issues meeting past, present, and future obligations, including charitable pledges.”
Dea also agreed in Tuesday’s filing to an outside arbitrator handling other non-Chargers elements of her case. She had already rescinded her opposition to NFL arbitration over ownership disputes. Dea had accused her two brothers of “misogynistic attitudes” in court documents, but her three siblings disputed the allegation.