Ex-Chargers Owner Alex Spanos Dies at Age 95
Los Angeles Chargers owner Alex Spanos died Tuesday morning. He was 95. The Chargers announced the news on their official website.
The California native founded A.G. Spanos Companies, a United States development firm focused on residential and commercial construction, in 1960. Forbes noted the Spanos patriarch and his family accumulated a $2.4 billion net worth. He originally purchased 60 percent of the Chargers, then located in San Diego, to give him majority control in 1984. The family's stake increased to 97 percent over the next decade.
Spanos ceded daily operations of the franchise to his son Dean, one of his four children, in 1994. Dean Spanos transitioned those powers to his sons, John and AG, in 2015:
The Chargers moved from San Diego to L.A., where the organization was based for one year following its creation in 1960, ahead of the 2017 season. Forbes listed the Chargers' worth at $2.275 billion in its 2018 team valuations.
Along with A.G. Spanos Companies and the Chargers, the team noted Spanos was involved in several "worthy causes and charities," including "hospitals, universities, scholarship funds, youth programs, sports programs, churches [and] schools" with his wife, Faye.
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