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Sac State Still Trying to Collect $9 Million from Alex Spanos

Sacramento's Capitol Weekly has a follow-up today on its earlier report that Stockton-based Alex Spanos failed to come up with all of the $10 million he pledged to build a new sports complex named after the Chargers owner on the campus of California State University Sacramento.

“Due to the recent economic downturn, I have not pressed Mr. Spanos on his pledge payments to the Alex G. Spanos Sports Complex at Sacramento State, knowing that his intention was to fulfill the pledge,” the paper quotes university president Alexander Gonzalez as saying a Jan. 16, 2009 letter to Natalia Orfanos, director of communications at the A.G. Spanos Companies.

“If you are unable to travel during this difficult time, I would be more than happy to visit you in Stockton.”

Only $1 million of the pledge has arrived, with $9 million still outstanding, Capitol Weekly reports:

"Sources said Gonzalez and other top officials became increasingly worried about the missing pledge money as the years passed and Spanos’ health declined.

"The wealthy owner of the San Diego Chargers NFL franchise turned 88 on Sept. 28.

"At the end of 2008, there was a flurry of media reports after the Spanos family confirmed that he was suffering from dementia."

Despite Spanos's reported delay in making good on the pledge, Gonzalez told the paper:

“Mr. Spanos is living up to his gift agreement, and because of his generosity, and his ability to inspire other donors, Sacramento State continues to raise funds that are helping us accomplish many of our campus goals"

School spokeswoman Kimberly Nava added that, “We have every confidence that our gift agreement with Mr. Spanos will be fulfilled,” though neither she nor Gonzalez would provide details or requested documents, the paper said.

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Sacramento's Capitol Weekly has a follow-up today on its earlier report that Stockton-based Alex Spanos failed to come up with all of the $10 million he pledged to build a new sports complex named after the Chargers owner on the campus of California State University Sacramento.

“Due to the recent economic downturn, I have not pressed Mr. Spanos on his pledge payments to the Alex G. Spanos Sports Complex at Sacramento State, knowing that his intention was to fulfill the pledge,” the paper quotes university president Alexander Gonzalez as saying a Jan. 16, 2009 letter to Natalia Orfanos, director of communications at the A.G. Spanos Companies.

“If you are unable to travel during this difficult time, I would be more than happy to visit you in Stockton.”

Only $1 million of the pledge has arrived, with $9 million still outstanding, Capitol Weekly reports:

"Sources said Gonzalez and other top officials became increasingly worried about the missing pledge money as the years passed and Spanos’ health declined.

"The wealthy owner of the San Diego Chargers NFL franchise turned 88 on Sept. 28.

"At the end of 2008, there was a flurry of media reports after the Spanos family confirmed that he was suffering from dementia."

Despite Spanos's reported delay in making good on the pledge, Gonzalez told the paper:

“Mr. Spanos is living up to his gift agreement, and because of his generosity, and his ability to inspire other donors, Sacramento State continues to raise funds that are helping us accomplish many of our campus goals"

School spokeswoman Kimberly Nava added that, “We have every confidence that our gift agreement with Mr. Spanos will be fulfilled,” though neither she nor Gonzalez would provide details or requested documents, the paper said.

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Comments
1

Yes they should be worried. He's suffering from dementia? He might have made that pledge BECAUSE he was already suffering dementia. And if he is incapacitated due to dementia, someone else is now in charge of his personal finances, and that means one or more of his sons.

If anything will pry the money out of the family, it is bad publicity. They always have to come across as big shots, and this story makes them look like pikers. Pay up and soon!

Oct. 13, 2011

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