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Bolting To LA? Chargers Put Minority Share Of Team For Sale

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Wide receiver Seyi Ajirotutu #89 of the San Diego Chargers scores on a pass reception in the first quarter against the Houston Texans at Reliant Stadium on November 7, 2010 in Houston, Texas.  (Photo by Bob Levey/Getty Images)

Wide receiver Seyi Ajirotutu #89 of the San Diego Chargers scores on a pass reception in the first quarter against the Houston Texans at Reliant Stadium on November 7, 2010 in Houston, Texas. (Photo by Bob Levey/Getty Images)

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SAN DIEGO (AP) – An attorney says San Diego Chargers owner Alex Spanos is looking to sell a minority stake to help with estate planning.

Mark Fabiani, who has led the Chargers’ push for a new stadium, says the percentage to be sold will be determined by negotiations with a potential buyer.

Spanos and his wife, Faye, own 36 percent.

Their four children each own 15 percent. Two minority owners own the other 4 percent.

Fabiani says the Spanos family will continue to hold a controlling majority stake in the team.

Fabiani says the sale of the minority share has nothing to do with stadium efforts.

The Chargers have long been rumored as a possible tenant if a new stadium is built in Los Angeles.

The sale was first reported by FanHouse.com.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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