Teams Los Angeles Chargers - The Bolts

GG.exe

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Chargers hired former Saints QBs coach Joe Lombardi as offensive coordinator.
Lombardi has been with the Saints the past five seasons and, prior to then, coached Matthew Stafford to his lone Pro Bowl appearance with Detroit. He'll instead attempt to coax a successful relationship with franchise cornerstone Justin Herbert, replacing former OC Shane Steichen (who has since joined the Eagles in a similar role). Lombardi, 49 and the grandson of Vince Lombardi, has historically worked under Sean Payton and Jim Caldwell since 2007.
SOURCE: Around The NFL on Twitter
Jan 25, 2021, 3:15 PM ET
 

GG.exe

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New Chargers coach Brandon Staley has pledged to build his offense around what Justin Herbert does well.
Which was basically everything as a rookie. "We want to uniquely shape our offense around Justin Herbert because he is unlike any other quarterback," Staley gushed. "When you study the great quarterbacks in the history of the game they've had systems that have been built for them." This seemingly obvious point is still lost on so many coaches. Tailor your offense to what your players, especially your quarterback, do well. Despite being a defensive-minded head coach, Staley is a former quarterback, while he just spent a year learning under offensive maestro Sean McVay. Best laid plans have a way of going awry in the NFL, but from the outside, Staley seems to be a home run hire.
SOURCE: Pat McAfee on Twitter
Jan 26, 2021, 2:02 PM ET
 

GG.exe

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Chargers OC Joe Lombardi said an uptempo offense will be "a part of what we are building here".
Lombardi and coach Brandon Staley seem to be on the same page offensively, and it comes down to playing into Justin Herbert's strengths. Lombardi mentions how Herbert is comfortable with playing fast based on his time at Oregon, and Staley has already talked with Lombardi about utilizing a no-huddle offense at times. That would be a welcomed addition to the Chargers offense, one that has lacked creativity and polish in recent seasons. Both Staley and Lombardi have also mentioned how analytics can help dictate situational football (fourth-down decisions, pass/run splits, etc.), something the Chargers have notoriously gone against. Overall, the Chargers' newly assembled coaching staff seems to aligning with a lot of modern-day approaches. The roster is good enough to compete in the playoffs as soon as 2021.
SOURCE: Chargers on Twitter
Jan 26, 2021, 6:47 PM ET
 

GG.exe

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Chargers OC Joe Lombardi compared Austin Ekeler to Alvin Kamara, Reggie Bush, and Darren Sproles.
Lombardi's background is with the Saints, who have utilized their running backs in the pass game better than any team in the modern era. Ekeler's abilities should be maximized under Lombardi who helped turn Sproles, Bush, and Kamara into PPR cheat codes. Lombardi also mentioned using an uptempo offense and being aggressive on fourth downs, so it's possible that the Chargers take a leap in 2021. They certainly have the talent on both sides of the ball to do so. Ekeler belongs in the top-six mix in PPR formats.
SOURCE: Chargers on Twitter
Jan 26, 2021, 7:05 PM ET
 

GG.exe

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Chargers hired Broncos DBs coach Renaldo Hill as defensive coordinator.
Like new Chargers coach Brandon Staley, Hill is a disciple of Broncos coach Vic Fangio. Staley and Hill were both in Denver together before Staley was plucked to be the Rams' DC this past season where he was one-and-done before landing the Chargers job. Hill, 42, had a 10-year career in the league as a player before hanging up the cleats following the 2010 season. He started his coaching career at Wyoming as a grad assistant. He's been coaching DBs in the NFL since 2018 and spent two years in Denver. Hill is a fast-riser in the coaching community.
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Jan 27, 2021, 2:01 PM ET
 

tha Freak

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Happy with the Free Agency inclusions, especially the O-line in’s. Getting Cook in as a replacement for H. Henry is pretty handy also. Herbert going to have more time to do his thing.
 

GG.exe

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Dea Spanos Berberian, who actually owns as much of the team as Dean, alleges that the family trust’s debts and expenses "exceed $353 million," and that "the trust doesn’t have a plan to pay more than $22 million it has pledged to charities." Owners of the team since 1984, the Spanos family has encountered frequent financial difficulties, at least by the standards of NFL owners. Dean and two other siblings issued a statement saying they have no plans to sell. “For the three of us, the Chargers is one of our family’s most important legacies, just as it was for our parents. Unfortunately, our sister Dea seems to have a different and misguided personal agenda.” Obviously we have not heard the last of this.
 

drd23

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Something worth noting. It appears the sister Dea has picked her legal representation well

 

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Dean Spanos didn’t promise to sell the Chargers after the 2024 season

Posted by Mike Florio on April 2, 2021, 11:41 AM EDT

The article in the Los Angeles Times regarding the sudden and unexpected dysfunction within Chargers ownership makes a claim that has gained significant traction. That claim, however, is not factually accurate.
The claim is this: Dean Spanos has promised to hire an investment banker after the 2024 season to find a buyer for the team. This contention has been characterized as a broader intention to sell the team.

First, the trust at the center of the litigation holds only 36 percent of the franchise. The remaining 64 percent has no direct connection to the lawsuit. (There’s an important indirect connection, however. Keep reading and it will eventually make sense.)
The commitment to hire an investment banker relates to the identification of potential opportunities for the various members of the Spanos family sell their shares (nine percent each for four siblings) held in trust. A decision by any member of the Spanos family to sell the portion held in trust would be subject to a right of first refusal, and it would give the remaining family members the ability to buy out the others at the price offered by a prospective external buyer.

As a source with knowledge of the situation explained it to PFT, Dea Spanos Berberian has wanted to sell her share of the team since its relocation to L.A. The 2019 letter in which Dean Spanos refers to the future hiring of an investment banker flows directly from Dea Spanos Berberian’s desire to sell. The letter does not contain any agreement that the team will be sold.

Here’s the key language from the letter, which was attached as Exhibit 3 to the petition filed by Berberian: “Although there can be no assurance that a sale will actually be consummated, no later than thirty (30) days following the conclusion of our fifth (5th) season in the new SOFI stadium, I agree, in my capacity as Manager and on behalf of the Company, to retain an investment banking firm reasonably acceptable to Dea, Michael and Alexis to market the sale of the Company, and I will cooperate in such marketing effort in order to maximize value for the benefit of all Members. I shall commence the process to interview and identify qualified investment banking firms to present to Dea, Michael and Alexis reasonably in advance of the retention and arrange for meetings among the parties as part of the engagement process. In the event that any Member wishes to sell his or her interest in the Company as a result of the above referenced process or at any other time, I hereby provide my advance consent to such transaction subject to the rules of the NFL regarding such sales and the first refusal rights referred to in E. above.”
In English, this means that Dean Spanos will retain an investment banker after 2024 to locate a potential buyer for the 36-percent of the team held in trust for the four Spanos family members. If/when one of those family members has a buyer for his or her share, the remaining family members will have a right to match that portion of offer. If they don’t, the family member who wants to sell his or her interests will be able to do so.
Of course, it’s possible that someone like Jeff Bezos will make one or more offer(s) to family members that individually can’t be refused and collectively can’t be matched. There’s still no blanket commitment to sell the 36-percent interest in the team after 2024, or at any point.

Berberian, through her lawsuit, wants to force a sale of the entire interest in the Chargers’ organization (36 percent) owned by the trust through which she and her siblings each hold nine percent of the team. She wants to do that for one very simple reason, in our view. She knows she’d get more for her nine-percent interest in the team if it’s sold as part of a 36-percent chunk than she’d get if, in the end, a buyer attempts to acquire only her nine-percent interest via the trust.
She’d get more because, coupled with the separate 15-percent interest that she and her three siblings each separately own in the team, a forced sale of the full 36-percent share held by the trust would allow an outside buyer to add that to Berberian’s 15-percent share. That’s 51-percent of the team and full control of it.

This reality makes Berberian’s 24-percent interest in the team FAR more valuable than the nine percent she can sell through the trust and the 15-percent she can sell on her own.
By forcing a sale of the 36-percent and packaging it with her 15-percent share, Dea Spanos Berberian can hand Bezos or someone else the ability to take over the team — and that’s the kind of thing that infuses far greater value into any and all available equity interests.
 

A11dAtP0w3R

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New ownership would be the best result for the Chargers. Been working on a relative shoestring budget for a while now under tightarse/broke Spanos.
 

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