Blog Entry

More McCourt madness (will it ever end?)

Posted on: June 25, 2011 12:30 pm
 
So the latest news out of the Dodgers' circus is that Frank McCourt is willing to sell part ownership in the team in order to make payroll.

Two questions: Isn't it a little late for that? And is he selling part of half the team or part of the whole team, since he and Jamie still can't agree on who owns it?

This new attempt by McCourt to save his ownership, first reported by Tim Brown of Yahoo, isn't likely to be any more successful than his previous efforts. Even if baseball were to sign off on his plan (highly unlikely) -- and even if McCourt can establish how much of the team he actually owns (it's still tied up in divorce court) -- he wouldn't have money in place in time to meet payroll this week.

In McCourt's mind, it seems, he's only doing what the Wilpons did with the Mets, a bailout plan that commissioner Bud Selig heartily approved.

But the more McCourt acts, the more he proves that he isn't like the Wilpons, as flawed as they may be as owners of the Mets. The Wilpons didn't wait until the week that they completely ran out of money before seeking help from a minority partner, and thus gave the process time to work.

Instead of trying to add a minority partner last year, when his money problems began to become serious, McCourt kept insisting that his salvation would come from a new (and flawed) television contract with Fox, a deal that Selig finally and officially turned down last week. McCourt first said that all of the Fox money would go to the Dodgers, then revealed in a (since nullified) divorce settlement with Jamie that nearly half of the money wouldn't go to the team.

McCourt's explanation, according to sources, was that baseball had insisted he reach a divorce settlement before the deal could be approved. So we were supposed to believe that if Selig had approved the deal, McCourt was going to come up with money for an eventual divorce settlement from some other source.

What has become clear is that McCourt is simply looking for one more way to extend his ownership for another day, another week, another month. Eventually, the money will run out.

In all likelihood, that happens this week, when he misses payroll on June 30.

Does that mean the circus ends this week, and McCourt goes away as Selig seizes the team and sells it? Of course not. There will be more threats of lawsuits, and more crazy schemes.
Category: MLB
Comments

Since: Dec 2, 2011
Posted on: January 14, 2012 6:44 am
 

More McCourt madness (will it ever end?)

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Since: Dec 2, 2011
Posted on: December 30, 2011 12:06 pm
 

More McCourt madness (will it ever end?)

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Since: Nov 19, 2011
Posted on: December 23, 2011 8:56 am
 

More McCourt madness (will it ever end?)

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Since: Nov 19, 2011
Posted on: December 3, 2011 8:10 am
 

More McCourt madness (will it ever end?)




Since: Dec 2, 2011
Posted on: December 3, 2011 4:02 am
 

More McCourt madness (will it ever end?)

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Since: Nov 27, 2011
Posted on: November 27, 2011 3:30 pm
 

More McCourt madness (will it ever end?)



Tomly
Since: Oct 21, 2011
Posted on: October 21, 2011 9:25 pm
This comment has been removed.

Post Deleted by Administrator




Since: Sep 16, 2006
Posted on: June 26, 2011 3:13 pm
 

More McCourt madness (will it ever end?)

MLB will eventually have to cave in and either buy the team from McCourt or allow him to continue to own the team. Legally there is no middle ground MLB can use to just take the team from him. MLB can not steal the team from him without at a minimum paying back the money McCourt payed for the team.



Since: Jan 2, 2007
Posted on: June 26, 2011 11:24 am
 

More McCourt madness (will it ever end?)

4 more days till this POS is kicked out of baseball. Cant Wait!  



Since: Aug 17, 2007
Posted on: June 26, 2011 10:24 am
 

More McCourt madness (will it ever end?)

Part of the ownership? He needs to sell the entire ownership and get out of baseball!

McCourt has drug the Dodgers down and out and into oblivion! He needs to go and the sooner the better!


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