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Sister of Los Angeles Chargers controlling owner Dean Spanos petitions court to put portion of team up for sale

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LOS ANGELES — The sister of Los Angeles Chargers controlling owner Dean Spanos is petitioning a California court to put one-third of the team’s ownership stake up for sale.

Dea Spanos Berberian filed a petition Thursday in Los Angeles County Superior Court contending that mounting debt from the franchise is creating an estimated yearly loss of at least $11 million for the family trust.

According to the petition, the trust had debts and expenses of $353 million as of Sept. 30. Nearly half of that ($164,778,931) is due to the trust’s investment in the Chargers. The trust’s stake in the Chargers makes up 83% of its holdings.

“The trust is so heavily concentrated in owning a minority stake in a professional football team that beneficiaries have no choice but to depend almost solely on the rise or fall of the team,” the petition says. “Maintaining the status quo is not an option.”

The filing includes a letter in which Dean Spanos said he would hire an investment bank that would allow any member of the family to sell their stake. Berberian says in the petition that would be too long.

“Every day that passes increases the risks that the charitable beneficiaries and the Spanos family legacy will suffer irreparable financial and reputational damage,” the filing says.

Spanos, Berberian, Alexandra Spanos Ruhl and Michael Spanos each own 15% of the franchise with 36% managed by the family trust and the remaining 4% owned by non-family members. Spanos and Berberian were left as co-trustees of the trust following the deaths of Alex and Faye Spanos in 2018.

Alex Spanos bought the San Diego Chargers in 1984 and Dean Spanos took over managing the franchise in 1994.

Dean Spanos, Michael Spanos and Spanos Ruhl issued a statement saying operations of the team will be unaffected by the court filing and that they intend to contest the motion.

“Our parents, Alex and Faye, wanted the Chargers to be part of the Spanos Family for generations to come. For the three of us the Chargers is one of our family’s most important legacies, just as it was for our parents. Unfortunately, our sister Dea seems to have a different and misguided personal agenda,” the statement said. “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.”

Forbes valued the Chargers at $2.6 billion in its recent franchise rankings. The trust’s share could be worth nearly $850 million after Daniel Snyder recently bought the remaining 40.5% of his minority partner’s stake in the Washington Football Team for $875 million.

The franchise’s value is expected to increase after the NFL agreed to a new media rights deal that will bring in more than $10 billion per year beginning in 2023. The Chargers also moved into SoFi Stadium last year and expect revenue to increase once fans are allowed.

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Bruce Arians to Tampa Bay Buccaneers

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TAMPA, Fla. — Tampa Bay Buccaneers coach Bruce Arians hasn’t felt the need to bring in a specialist to talk to his players about the COVID-19 vaccine, which some players leaguewide have expressed skepticism about in recent days.

While Washington Football Team coach Ron Rivera brought Harvard immunologist Kizzmekia S. Corbett in to speak to his players Tuesday night, Arians said Thursday, “I’m the specialist.”

He told players, “If you want to go back to normal, get vaccinated.”

Arians said the Bucs are holding a vaccine drive for players and their families at the facility.

“There’s going to be a long line over there right now,” Arians said. “We were pretty short up until now. Hopefully we have a pretty good line.”

Previous vaccine drives have also taken place at the facility for coaches and support staff members. The goal is to have 85% of the team vaccinated, which Arians feels they’ll be much closer to after the drive.

“Everybody’s tired of meeting out here and eating outside, and doing all those things we had to do last year,” Arians said. “It’s still a personal choice, but I don’t see a reason not to be vaccinated.”

When asked if any players expressed concern or skepticism, as Washington’s Montez Sweat did Wednesday, Arians said, “I haven’t spoken to anybody that’s resisted it. They’re just too lazy to get one.”

Outside linebacker Shaq Barrett said he and his wife, Jordanna, both received the vaccine. Their four children aren’t old enough to qualify for the vaccine at this time, as the CDC currently recommends children ages 12 and older receive vaccines.

Barrett missed the season finale against the Atlanta Falcons because he was a close contact of a teammate who tested positive, despite never testing positive himself. Still, he was forced to quarantine for five days. His children were home-schooled in 2020 and did not have play dates with other children because of concerns about the virus.

“It’s ‘to each their own.’ I recommend it,” Barrett said Thursday. “I don’t know why people wouldn’t get it. But whatever makes you comfortable, whatever helps you sleep at night, you do that. But I would like for 85% of the team to be vaccinated.”

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Kansas City Chiefs hope Kyle Long back by start of regular season after leg injury in practice

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KANSAS CITY, Mo. — The Chiefs are hopeful guard Kyle Long can return for the start of the regular season after he injured his leg Wednesday, sources told ESPN.

Long was signed by the Chiefs in the offseason after he ended his retirement after one year. He wrote about the injury on Thursday on his Twitter account.

“I did everything I could to get back for football,” Long said. “Zero regrets. … Focusing on controlling the things I can control. Yesterday was not one of those things!”

Long, 32, was working as the starting right guard at offseason practice. Other candidates to start include Laurent Duvernay-Tardif and rookie Trey Smith.

Drafted 20th overall by the Chicago Bears in 2013, Long missed just one game over his first three seasons, in which he was selected to three consecutive Pro Bowls, but appeared in just 30 regular-season contests over his last four years with the team because of a variety of injuries. He announced his retirement in January of last year.

NFL Network first reported that Long had suffered a leg injury.



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Fantasy Football cheat sheets – Updated 2021 player rankings, PPR, non-PPR, depth charts, dynasty

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If you’re seeking a one-stop shop for updated 2021 fantasy football rankings and cheat sheets throughout the summer, you’ve come to the right place. Below, you will find them for PPR and non-PPR formats, as well as dynasty leagues.

PPR positional cheat sheet

One sheet with players broken down by position, including overall rank, salary-cap value and bye weeks for leagues that award one point for each catch. Download »

PPR top-300 cheat sheet

This sheet features 300 players in order of overall draft value, with positional rank, salary-cap value and bye-week information for leagues that reward each catch with a point. Download »

Non-PPR positional cheat sheet

For leagues using the scoring format that doesn’t award an extra point for each reception. One sheet with players broken down by position, including overall rank, salary-cap value and bye weeks. Download »

Non-PPR top-300 cheat sheet

This sheet features 300 players in order of overall draft value, with positional rank, salary-cap value and bye-week information. Download »

Mike Clay’s team-by-team projection guide

If you want the full breakdown for all 32 teams, you’ve come to the right place. Download »

NFL team depth chart cheat sheet

Fantasy depth charts for each NFL team: top two QBs, three running backs, four wide receivers, two tight ends and a kicker. Prioritized by fantasy value in PPR leagues rather than role defined on a traditional NFL depth chart, includes players’ positional ranks. Download »

Dynasty cheat sheet

Features the top 240 players and 60 best rookies to make all of your keeper and dynasty league decisions. Includes the age of players at the start of the 2021 season. Download »

*All cheat sheets are in PDF format. Your device must be equipped with a PDF reader for you to access and print the cheat sheet.

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