Alex Spanos, Chargers owner and businessman, dies at 95
STOCKTON, Calif. — Alex Spanos, the son of Greek immigrants who used a self-made fortune from construction and real estate to buy the Chargers in 1984, died Tuesday. He was 95.
The Chargers announced Spanos’ death. Faye Spanos, his wife, died in August at 92.
After building a nationwide construction empire based in Stockton, his Northern California hometown, Spanos realized a lifelong dream of owning an NFL franchise when he bought controlling interest in the San Diego Chargers from Gene Klein in 1984 for about $50 million. He eventually bought all but 3 percent of the team.
NFL Commissioner Roger Goodell hailed Spanos as “an American success story, driven by a tireless work ethic inspired by his humble beginnings.”
“Alex became one of the country’s most successful businessmen, but he never forgot his roots and the call to help others,” Goodell added in a statement. “Along with Faye, his beloved wife of nearly 70 years, Alex’s philanthropic and civic contributions touched many lives throughout California and around the country. He was a marvelous friend and partner whose impact on the NFL will never be forgotten. We all benefited from Alex’s compassion, character and zest for football and life.”
Spanos hadn’t been in charge of day-to-day management of the Chargers since 1994, when he turned over the responsibilities to Dean Spanos, his oldest son. Dean Spanos decided to move the Chargers from San Diego to Los Angeles last year.
The team announced in 2008 that Alex Spanos was suffering from dementia, and he eventually stopped attending games.
Spanos is survived by four children, 15 grandchildren and 12 great-grandchildren.