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Los Angeles Chargers owner Alex Spanos dies at 95 | Updated: 2018-10-10 00:00:16

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.

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, who currently serves as the Chargers controlling owner and team chairman.

The Chargers moved from San Diego to Los Angeles in early 2017.

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.

Faye Spanos died earlier this year in August at the age of 92.

Faye and Alex Spanos leave behind 15 grandchildren and 10 great-grandchildren.

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