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The McCourts: "a pattern of broken promises, deception, and misrepresentation."

Nov 9, 2009, 8:55 AM EDT

We’ve had a lot of blow by blow of the McCourt divorce, but today comes some added flavor in the form of a background piece on the power couple from the Boston Globe, their former hometown newspaper.  Lots of interesting detail, including one passage regarding their earlier bid to buy the Red Sox, which I think will ultimately color the entire situation, at least as it relates to the fate of the Dodgers:

“The seller was looking to sell, not swap a ball club for a parking
lot,” says a Major League Baseball official with knowledge of the
bidding. “There were guys writing checks for millions of dollars, and
Frank was offering a parking lot. He was never seriously considered.”

The McCourts’ ability to buy the Dodgers was a function of (a) Rupert Murdoch, the former Dodgers’ owner, being more interested in Boston parking lots than anyone else reasonably would be; and (b) the fact that, according to people inside the game, the McCourts are friends with Jerry Reinsdorf and others close to Selig, which made them much easier candidates to approve by Major League Baseball than other people to whom Murdoch could have offered the team. The McCourts had no real cash reserves then, and based on the divorce filings we’ve seen to date, have no cash now. Relatively speaking, of course.

The quoted bit in the headline comes from a lawsuit filed against the McCourts by the builders of one of their many homes. Those themes are echoed in their divorce filings and loom long over the fate of Dodgers.

  1. Mo Green - Nov 9, 2009 at 4:32 PM

    And that was just when they were picking out their china pattern.
    OHHHH! BADABING!!!

  2. Old Gator - Nov 9, 2009 at 7:11 PM

    Craig, I don’t know which I’m enjoying more – the exfoliation of the McCourt fiasco itself, or watching your dormant law school instincts rising like a magma chamber under your cynical sense of humor as you watch this mess unfold.
    Mo Green: Just keep it up. We’ll have the hook repaired shortly….

  3. Rick2009 - Nov 20, 2009 at 5:45 PM

    Really. Old news. You just catching up. If we are to believe what has been reported in the press the McCourts bought the Dodgers for about 50 million dollars down and financed the rest through Fox. That was based on the value of some real estate holdings the McCourts swapped as part of the purchase price. Fox was losing an average of over 30 million dollars a year on the Dodgers and were very happy to sell. Since taking over the Dodgers the McCourts have made the team profitable and made it to the playoffs several times. The Dodgers have doubled in value from 400 million to over 800 million. They are doing much better than Fox did with the team and if you rated franchises I would say they are doing better than many other teams. So did the McCourts do something wrong besides deciding to get a divorce. Lots of people do that.

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