San Diego Chargers owner Dean Spanos has ceded control of the franchise to his two sons but will remain as chairman of the board, ESPN's Jim Trotter reports.
Spanos, who turns 65 next week, has been the Chargers' president since 1994. His father, Alex, bought the team in 1984.
"It's their decision and their time," Spanos told Trotter. "If they have to come to me, then why am I doing this? That's what my dad said when he made me president [in 1994]: Do what you want."
John Spanos will be in charge of the football side and A.G. Spanos will head the business side. Both men have spent more than a decade working for their father's franchise.
The Chargers franchise is currently in a state of flux. The team has been involved in stadium negotiations with the city of San Diego for years. The lack of progress on that front has led to speculation that the franchise will move to Los Angeles. Dean Spanos will oversee the stadium process, according to Trotter.
- Dan Gartland