COSTA MESA, Calif. - The Los Angeles Chargers announced the passing of team owner Alex Spanos on Tuesday. He was 95.
Spanos purchased 60 percent of the Chargers in August of 1984 from majority owner Eugene Klein for $70 million, the culmination of a life-long dream to own an NFL franchise. Over the next decade Spanos bought out shares of several minority owners, and now owns 97 percent of the team.
The pinnacle of Spanos' ownership was the Chargers reaching the Super Bowl after the 1994 season.