Jamie McCourt is back in court, arguing that Frank McCourt’s sale of the Los Angeles Dodgers for $2 billion after a valuation of $300 million in divorce proceedings represented fraud — and she wants her share. Jamie McCourt’s lawyers are seeking to overturn the divorce settlement that saw her walk away with $131 million, with […]
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McCourt’s profit on Dodgers ownership: a cool billion
After the dust settles on the $2-billion sale of the Los Angeles Dodgers and Dodger Stadium, it looks like Frank McCourt could walk away from the deal with a cool billion-dollar profit. The math is pretty simple. Guggenheim Baseball Management LLC is paying $1.6 billion for the franchise and the ballpark and paying $400 million […]
McCourt throws in towel, will sell Dodgers
Frank McCourt will participate in a court-supervised sale of the Los Angeles Dodgers, Dodger Stadium and associated businesses, ending a standoff with Major League Baseball over the future of the franchise. The announcement was made last night and follows months of legal wrangling over McCourt’s attempts to sell future media rights in an effort to […]
Jamie to Frank: The Dodgers are yours
Perhaps sensing this is the best way to get some cash out of her divorce to Frank McCourt, Jamie McCourt has agreed to let him keep the Los Angeles Dodgers and Dodger Stadium as part of a settlement and will support his effort to sell the team’s media rights. The McCourts have been embroiled in […]
Dodgers: Selig was unfair toward team ownership
In a signal that Frank McCourt’s lawyers are planning on playing hardball during bankruptcy proceedings, they’re asking Major League Baseball to hand over a raft of documents about how Commissioner Bud Selig has treated other teams during troubled financial times — information MLB lawyers will surely fight to keep private. McCourt’s attorneys are obviously attempting […]
Selig: No to proposed Fox/Dodgers TV deal
In a blow to the proposed divorce settlement between Frank and Jamie McCourt that could have cleared up the tangled finances of the Los Angeles Dodgers, MLB Commissioner Bud Selig has rejected a Fox loan against broadcast rights to Dodgers game — the proceeds of which would settle Jamie’s claims and help the team make […]
McCourts reach tentative divorce agreement, allowing Frank to keep Dodgers — maybe
Frank and Jamie McCourt reached a tentative divorce agreement that would potentially allow Frank to retain control of the Los Angeles Dodgers, but with one huge condition: in order to fund a settlement, MLB Commissioner Bud Selig must approve a controversial long-term sale of TV broadcast rights to Fox Sports. The settlement, announced this morning, […]
Could McCourt lose Dodgers and keep Dodger Stadium?
Because Frank and Jamie McCourt divided the Los Angeles Dodgers, Dodger Stadium and the Dodger Stadium parking lots and surrounding land into three different companies after buying the historic franchise, there’s a slim chance he could lose the franchise and keep the other legal entities — but it’s not very likely. These are dicey times […]
McCourt response to Selig: Strong words, no lawsuit
So far the only response from Los Angeles Dodgers owner Frank McCourt to the takeover of his team by MLB has been some strong words coming from a subordinate — but no lawsuit yet, despite some reporting to the contrary by iffy media outlets. New Dodgers hire Steve Soboroff, a Los Angeles political insider installed […]
Selig seizes Dodgers from McCourt
Distressed over the deteriorating financial condition of the Los Angeles Dodgers, Commissioner Bud Selig has seized control of the flagship MLB franchise and will appoint a trustee to oversee “all business and day-to-day operations” of the ballclub. The surprise move came after a questionable $30 million personal loan to Dodgers owner Frank McCourt from Fox […]
Selig shoots down Fox loan to Dodgers
Seeking working capital, Frank McCourt negotiated a $200-million loan from Fox Sports, using the Los Angeles Dodgers’ broadcast deal as collateral — a risky deal that was ultimately shot down by Commissioner Bud Selig. More money woes from the MLB world. The deal was simple: Fox would lend the Dodgers $200 million. If the loan […]
Messy McCourt divorce takes another turn
The messy divorce of Frank and Jamie McCourt took another turn today when a judge ruled a postnuptual paper signed by the pair is not valid, stripping Frank McCourt of sole ownership of the Los Angeles Dodgers and giving Jamie McCourt a chance to negotiate for her chunk of the team. The agreement, which was […]