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 […]
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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 […]