Chargers co-owner wants team sold to relieve debt in NFL family feud

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The settlors of the trust are the Spanos’ deceased parents, Faye and Alex, who bought the Chargers in 1984 when the franchise was in San Diego.

The court filing drew a swift response from the other siblings Thursday.

“If Dea no longer wishes to be part of this family legacy, the three of us stand ready to purchase her share of the franchise, as our agreements give us the right to do,” they said in a statement. “In the meanwhile, the operations of the Chargers will be entirely unaffected by this matter, which relates only to the 36 percent share of the team that was owned by our parents.”

relocated to Los Angeles in 2017 after 56 years in San Diego. They share the $5 billion SoFi Stadium in Inglewood, Calif., with the Los Angeles Rams, whose owner, Stan Kroenke, provided the funding for it. 

In a November 2019 letter from Dean Spanos attached to the petition, the controlling owner addressed his other sibling co-owners and stated he agreed to retain an investment banking firm to market the sale of the Chargers no later than 30 days after the 2024 season, their fifth season in SoFi Stadium.

previously represented Los Angeles Clippers owner Steve Ballmer and Los Angeles Lakers owner Jeanie Buss in ownership disputes.

“Dea, as a trustee, seeks court instructions to say to the other owners you have to `come along’ and sell,” Streisand stated in an e-mail. “If the other siblings can find someone to lend them money and can beat out the best offer for the team so debts and charities get paid, then the family can actually get an inheritance. I won’t be mad at that.”

Follow reporter Brent Schrotenboer @Schrotenboer. E-mail: bschrotenb@usatoday.com

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