Blog Entry

McCourt, MLB discuss settlement to sell Dodgers

Posted on: October 26, 2011 10:42 pm
 
McCourtBy Evan Brunell

The bankruptcy trial that could determine whether or not Frank McCourt continues as owner of the Dodgers was postponed for a month on Wednesday, opening the door to the possibility McCourt might agree to sell the team.

The Los Angeles Times reports says the reason why the trial, slated to start on Monday, Oct. 31, was delayed to Nov. 29 is because McCourt and MLB are discussing a possible settlement in which McCourt would agree to sell the team. It is not clear what McCourt will demand in return for a sale, but if he gets rid of all the properties he owns -- the team, Dodger Stadium and surrounding land, he could fetch over a billion dollars. He might need that just to break even, owing millions to creditors, his ex-wife in a divorce settlement and tax liabilities. It's possible McCourt could try to hang onto part of the team, but at this point, commissioner Bud Selig likely wants nothing to do with McCourt.

Prior to the trial, Selig said McCourt should sell a minority share, but since the trial has begun, he has wanted McCourt out. The two sides have been at war for quite some time, and there is no love lost between McCourt and Selig. It would be a major surprise if McCourt held onto the majority of the team, or even a nominal part. Selig also does not want McCourt to sell the team but keep the surrounding land and stadium.

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Comments

Since: Apr 19, 2009
Posted on: October 27, 2011 7:30 pm
 

McCourt, MLB discuss settlement to sell Dodgers

Woooohooooo!!! I hope the Times is right about a settlement where McBankrupt sells. Dennis Gilbert and your deep-pocket buddies, where are you? No O'Malley ownership, no Fox ownership and no ownership that doesn't have a freakin' boat load of money. It's gonna take a billion dollars to buy all of the Dodgers and alot more to turn this team into the champioship caliber team MLB needs it to be. Selig, you owe us dodgers fans. You f-ed up letting McBankrupt in so now it's time for some first rate ownership.


tookmeek
Since: Oct 27, 2011
Posted on: October 27, 2011 2:01 pm
This comment has been removed.

Post Deleted by Administrator




Since: Oct 27, 2011
Posted on: October 27, 2011 1:03 pm
 

McCourt, MLB discuss settlement to sell Dodgers

If there is a God and he does bleed Dodger Blue please let this heinous era end. Down with McCourt and his crappy management.




Since: Sep 11, 2007
Posted on: October 27, 2011 6:51 am
 

McCourt, MLB discuss settlement to sell Dodgers

McCourt grab Donald Sterling and take him with you when you go.  I never thought I would live to see a worse owner that Sterling...



Since: Aug 14, 2007
Posted on: October 27, 2011 1:51 am
 

McCourt, MLB discuss settlement to sell Dodgers

I'm ready to purchase season tickets upon confirmation that McCourt is OUT. Anything short of that & the boycott continues.



Since: Oct 25, 2011
Posted on: October 27, 2011 1:37 am
 

McCourt, MLB discuss settlement to sell Dodgers

selig should make the Wilpons sell the Mets too , oh forgot Wilpon is Selig's butt buddy


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