Los Angeles Chargers owner Alex Spanos has died, he was 95.
While he remained active for many years in business matters related to the team, before the start of the 1994 season, Spanos turned over the day-to-day management of the Chargers to his eldest son, Dean.
Dean currently is the Chargers controlling owner and team chairman.
Spanos was born on September 28, 1923, in Stockton, California. One of six children, Spanos built a billion-dollar fortune in real estate and construction. Alex and Faye Spanos married in 1948 and they raised four children in Stockton, California — Dean, Dea, Alexis and Michael. They became prolific philanthropists, donating to causes related to schools, children, the arts and hospitals according to ESPN.
In August 1984 Spanos purchased 60 percent of the Chargers in August of 1984 from majority owner Eugene Klein for $70 million. Over the next decade Spanos selectively bought out shares of several minority owners, and now owns 97 percent of the team.
Spanos is survived by four children, including Dean, as well as 15 grandchildren and 12 great-grandchildren. His wife, Faye, died earlier this year.