Chargers owner's sister petitions court to force sale of team
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 because, she says, her brother Dean's reckless spending has resulted in $353 million in mounting debt.
Dea Spanos Berberian filed a petition Thursday in Los Angeles County Superior Court contending that ballooning debt from the franchise is creating an estimated yearly loss of at least $11 million for the family trust. 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.
'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.