Chargers owner Alex Spanos, a plain-spoken, self-made billionaire from Stockton who bought a majority stake in the NFL football club in 1984, died Tuesday morning, the team announced. He was 95.
“We have no words that can adequately express our sadness with his passing,” the Chargers said in a statement. “We will continue to honor his legacy by dedicating ourselves to making a difference in the community and throughout our country.”
The Spanos family has owned the Chargers since Spanos, a construction magnate from Stockton, bought a controlling interest for $48.3 million from Eugene Klein. The club has reached one Super Bowl, following the 1994 season, a game it lost to the favored San Francisco 49ers.
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