|Like Frank and Jamie McCourt, we once believed in love. (Getty Images)|
America's sweethearts, Frank and Jamie McCourt, are headed back to court.
At issue is Frank's unthinkable windfall that resulted from his sale of the Dodgers to the group publicly fronted by Earvin "Magic" Johnson. Thanks in large part to the prospect of being able to negotiate a stratospheric new local-television contract, Johnson's consortium paid McCourt a reported $2.15 billion. That meant that McCourt, despite "leading" the august franchise into bankruptcy, realized an unthinkable profit on his original, heavily debt-financed investment of $430 million. Oh, and he'll still be receiving millions per year in Dodger Stadium parking revenues!
Life, it remains unfair.
Anyhow, when Frankie Parking Lots divorced from Jamie, his wife of 30 or so years and co-conspirator of eight or so years, they settled for what Jamie claims in her court filings was an unfair amount in light of the eventual sale price. Here, courtesy of the Courthouse News Service, are Jamie's justifications for pursuing another $770 million from her ex:
Jamie McCourt claims she settled for $131 million because Frank lied about the value of his assets, above all, the value of the Dodgers. She says she deserves at least $900 million. ...
"The parties had little when they married," Jamie McCourt says in her complaint. "They both worked, and with the aid of substantial loans from Jamie's father, they succeeded in accumulating assets. After 30 years, all the assets they had accumulated were quasi-community property or community property."
Jamie claims that Frank gave her wildly varying estimates of the value of the Dodgers, from $2 billion in 2004 to less than $300 million in 2009.
I suspect that there actually is honor among thieves somewhere out there, but this isn't evidence of it.
The reasonable takeway is this: A pox on both their mansions.