Minority stake in Chargers for sale

Updated: November 16, 2010, 3:00 PM ET
Associated Press

SAN DIEGO -- San Diego Chargers owner Alex Spanos is looking to sell a minority stake to help with estate planning.

Attorney Mark Fabiani, who has led the Chargers' push for a new stadium since 2002, said Tuesday that the percentage to be sold will be determined by negotiations with a potential buyer. The 87-year-old Spanos and his wife, Faye, own 36 percent of the team. Their four children each own 15 percent. Two minority owners own the other 4 percent.

"To be clear, this ...

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