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Spanos Slow to Make Good on $10 Million Sac State Stadium Pledge

Is Alex Spanos and his family running short on cash? Most likely not, but Sacramento-based Capitol Weekly, which bills itself as "the newspaper of California government and politics," is reporting that the Chargers owner hasn't paid up on the bulk of a $10 million pledge made in 2004 to build the Alex G. Spanos sports complex at Sacramento State.

According to CW’s account, “seven years later, only a fraction of the pledged money ever arrived, Capitol Weekly has learned, leaving the school in the position of completing the project with the Spanos funding apparently still uncertain.

“The school launched the project even though the Spanos funding had not been received.”

The paper quotes Kevin Wehr, identified as an assistant professor of sociology at the school and union representative of the California Faculty Association as saying, “I have been told, by people who are in a position to know, that only a fraction of the contribution was actually made.”

Confirming that the Spanos pledge has yet to be entirely made good on, Carole Hayashino, vice president for university advancement, said she could provide no further details.

“We cannot discuss donor agreements. We respect the privacy of our donors and want to encourage future donors to support our campus and students.

“We fully expect to receive the funds pledged to the university by the Spanos family.”

Spanos PR rep Natalia Orfanos, told the paper that the pledge was “a donation, not a debt.”

“It’s confidential between us and the university,” she said. “There’s nothing nefarious. I am a graduate of that school and I loved it.”

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Is Alex Spanos and his family running short on cash? Most likely not, but Sacramento-based Capitol Weekly, which bills itself as "the newspaper of California government and politics," is reporting that the Chargers owner hasn't paid up on the bulk of a $10 million pledge made in 2004 to build the Alex G. Spanos sports complex at Sacramento State.

According to CW’s account, “seven years later, only a fraction of the pledged money ever arrived, Capitol Weekly has learned, leaving the school in the position of completing the project with the Spanos funding apparently still uncertain.

“The school launched the project even though the Spanos funding had not been received.”

The paper quotes Kevin Wehr, identified as an assistant professor of sociology at the school and union representative of the California Faculty Association as saying, “I have been told, by people who are in a position to know, that only a fraction of the contribution was actually made.”

Confirming that the Spanos pledge has yet to be entirely made good on, Carole Hayashino, vice president for university advancement, said she could provide no further details.

“We cannot discuss donor agreements. We respect the privacy of our donors and want to encourage future donors to support our campus and students.

“We fully expect to receive the funds pledged to the university by the Spanos family.”

Spanos PR rep Natalia Orfanos, told the paper that the pledge was “a donation, not a debt.”

“It’s confidential between us and the university,” she said. “There’s nothing nefarious. I am a graduate of that school and I loved it.”

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Comments
7

Greedy geezer.

Sept. 28, 2011

A donation is giving an article of value to an organization or person. It is not the 'promise' of that giving. A pledge, on the other hand, is a promise. Did Spanos, or any other entity he is in control of, get a tax deduction for this 'donation'? If so, then there is a record. If not, then it has not moved from the 'pledge/promise' part, to the 'donation/gift' classification. Only little people pay taxes. Only little people have to prove they made a donation. However, anyone can make a pledge. Spanos is an old man. Leave him alone.

Sept. 28, 2011

Yes, he's old. But he has a family and a vast business empire, including the Chargers. A pledge is just that, a promise to pay up. If the fools at Sacto State went ahead and spent funds they would not have otherwise expended on the complex, based on his promise they were fools. And he was guilty of fraudulent representation.

It could be that this publicity will shame the family into fulfilling the pledge. But this sort of thing casts doubt on the veracity of much that the Spanos crime family claims, does, and promises. San Diego take heed.

Sept. 28, 2011

Leave him alone? Spanos is the owner of the Chargers. He wants the public to pay for his palace for kids to play NFL in.

Leave him alone? He's a jerk and a tool.

Sept. 28, 2011

so this is news? reporting what another newspaper is reporting - guess so ? all i can say is spanos appears to be an easy target and the reader unfortunatley isn't always completely accurate in its reporting on the chargers or spanos - just recently when reporting on the chargers foundation and contributions to various colleges - their comments were incomplete and if they didn't know that then their just lazy and dumb -i posted a response a few weeks ago because i knew it wasn't 100% accurate - just a little research would have resulted in an entirely different report ...just a slow news day i guess - love bauder and company but without spanos and chargers my guess is over 50 % of what they comment on would go away - what i love to hear more of is real news they uncover not just lazy hear-say !

Sept. 28, 2011

Lazy is as lazy does. How about some punctuation that follows the usual rules? Capital letters at the start of sentences? Spelling? Too much effort I'd guess.

Sept. 29, 2011

Couldn't agree more with Visduh's comment!

Sept. 29, 2011

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