This snuck by me at the time, but with recent context it may have signaled the beginning of the end for the Spanos ownership of the Chargers. Quick summary: The Spanos family has had two recent ownership sales where they sold off ownership stakes for cash flow, despite the NFL's 10% flip tax. They followed that up with the 31st-highest cash payroll in 2026, only spending more than the Dolphins, who are clearing out a TON of dead cap. They did so with a team that clearly justified "win now" investment. The details: Dea sued her family to force a sale, citing fiscal irresponsibility and too much debt on their trust's books. They settled by selling her shares (trust included) to Gores, while selling an extra 1% from each sibling, giving themselves a little extra cash. Important note: Under relocation rules, they were subject to a 10% "flip tax" charged on ownership sales within the relocation window. Despite this, the remaining Spanos siblings followed up with a second selloff seven months later, selling 8% to private equity that was also subject to the 10% flip tax. That's like cashing out of your 401(k) early with no exceptions and swallowing the 10% penalty. No one with a healthy balance sheet does that. Pair that with their absurdly low cash spending this year, and there is plenty of reason to believe the family is trending toward a sale. For reference, since 1970, 11 teams have been sold within 10 years of the controlling owner passing, five of which were run by heirs before they chose to sell. Thirteen have made it past the 10-year window without selling. The Spanos family just doesn't look to be trending in the right direction.