Longtime Chargers owner Alex Spanos, whose health reduced his role years ago, is trying to sell a minority stake amid renewed speculation that the team could move to Los Angeles. He said the Spanos family trust retained Goldman Sachs in August to pursue potential buyers nationwide for estate planning. It was hired to sell suites, club seats, advertising and sponsorship. Asked about a Monday report by the website FanHouse. Sorrento Valley lawyer Jim Watts said similar sell-offs are common among wealthy people like Spanos.
Fabiani said how much of a stake Spanos parts with would be decided in negotiations with a potential buyer. In a sale, Spanos would pay 24 percent in taxes.
In contrast, his family would have to pay 37 percent in inheritance taxes starting in January. Alex Spanos and his wife, Faye, own 36 percent of the Chargers. Their four children — Dean, Dea, Alexis and Michael — each own 15 percent. In addition to this 96 percent block, retired restaurateur George Pernicano owns 3 percent, and retired television executive Bill Fox owns 1 percent. Pernicano, 93, lives in El Cajon. Fox, 84, lives in Point Loma.
Both were eager to talk about their team and where it may play in years ahead. Several NFL observers, including T. Louis Rams and Oakland Raiders. By Matthew T. Share this: Click to share on Twitter Opens in new window Click to share on Facebook Opens in new window Click to print Opens in new window Click to email a link to a friend Opens in new window Click to share on Reddit Opens in new window. More in News.
