Nov 5, 2009, 11:00 AM EDT
For those of you who think that tooth-and-nail competition ended with Victorino’s groundout last night, you couldn’t be more wrong. The McCourts will have the first of what are sure to be many offseason hearings in there divorce battle cum power struggle later today, and unlike some of the stuff that will come later, this one involves the Dodgers pretty prominently.
The absolute go-to website for all of this stuff is Josh Fisher’s Dodger Divorce blog, where he has all of the details as to what will be argued and what will be at stake in today’s hearing and beyond.
While I appreciate that some of you may not care to pay attention to this due to the tawdry and salacious nature of some of the proceedings thus far, there is a larger baseball point to all of it: two highly-leveraged people are fighting over ownership of one of baseball’s marquee teams. The outcome of that battle will almost certainly have a profound impact on the Dodgers’ competitive situation going forward, as well as financial implications for baseball as a whole.
Why? Because if Jamie McCourt wins, and convinces the court that she’s a co-owner, the Dodgers will almost certainly have to be sold in the divorce. At the very least, they will have to be leveraged even more than they already are, thereby choking off cash from the team. What’s more, such a sale would probably occur under distress conditions — there would be a time frame placed on it — thereby lowering the franchise’s market value. Appreciation in franchise market value, by the way, is the single biggest reason anyone buys a baseball team. If that is negatively impacted, owners will start to behave very differently. Probably by cutting payroll and trying to make their teams a better investment from a cashflow perspective as opposed to merely an arbitrage opportunity. In short, this is a big deal.
So come for the wild accusations, but stay for the gravitas. Either way, we plan to keep you apprised of all of the happenings in L’affaire McCourt.
- How’d he do that? Magician Maddux fooled hitters all the way to Hall 10
- And That Happened: Thursday’s scores and highlights 46
- MLBPA files grievance against Astros in regard to draft pick situation 35
- The eyes have it: Thomas’ greatness built on patience 14
- Expert’s Corner: How to troll fans of all 30 teams 193
- Mariners re-acquire Kendrys Morales from Twins for Stephen Pryor 22
- A’s designate $10 million reliever Jim Johnson for assignment 36
- Everything you need to know about next week’s trade deadline 35
- Expert’s Corner: How to troll fans of all 30 teams (193)
- Verducci: baseball should think about an “illegal defense” rule to combat shifts (162)
- Yankees acquire Chase Headley from Padres (108)
- Who is the next Face of Baseball? (97)
- David Ortiz passes Carl Yastrzemski on the all-time home run list — is he a Hall of Famer? (92)