The Associated PressSTOCKTON, Calif. (AP) — Alex Spanos, who used his fortune from construction and real estate to buy the Chargers in 1984, has died. He was 95.
The team announced in 2008 that Spanos was suffering from dementia. He eventually stopped attending games.
The son of Greek immigrants, he was a self-made millionaire. He bought controlling a interest in the team for approximately $50 million from Gene Klein in 1984. He eventually bought all but the 3 percent that was held by George Pernicano.
Although Alex Spanos continued to live in Stockton after purchasing the Chargers, his oldest son, Dean, moved to San Diego to help run the team.
It was Dean Spanos who decided to move the Chargers from San Diego, their home of 56 years, to Los Angeles in 2017.