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Frank McCourt could file for bankruptcy

May 10, 2011, 9:33 AM EDT

File photo of Los Angeles Dodgers owner Frank McCourt speaking at a news conference about increased security at Dodger Stadium in Los Angeles

Because the Dodgers situation isn’t complicated enough, it’s probably time to throw bankruptcy into the mix:

Major League Baseball is preparing for the possibility that Frank McCourt might take the Dodgers into bankruptcy court before the league could strip him of the team … The league is “looking hard” at that option, said a personal familiar with the matter but not authorized to comment publicly because of the potential for litigation.

In the article, Bill Shaikin talks to some bankruptcy experts who talk about what that could mean for MLB’s assumption of control over the team, Frank McCourt’s ownership interest and all of that. There’s not much in the way of consensus unless you count “man, this would really make things difficult” as a consensus.

With the all of the same “I know next to nothing about bankruptcy law” caveats I gave last year when the Rangers’ business was going down, it strikes me — and those quoted in Shaikin’s article — that a key inquiry in bankruptcy would be the Fox TV teal that McCourt claims is the key to the Dodgers well-being and which Major League Baseball is loathe to approve.

As far as that goes, I suppose it’s possible that a judge could say, yeah, that deal should happen. But (a) I’m not sure how an unconsummated deal can be an asset that a bankruptcy court could consider; and (b) even if it is, baseball could probably call a parade of experts to testify that the Dodgers could do way better on the TV side than what Fox is offering. And of course, Jamie McCourt has a stake here too, and nothing about her involvement would make this less, rather than more complicated.

All I keep telling myself here is that, however horrible this gets, at least it will forever serve as a lesson to Major League Baseball to not let litigious, greedy and cash poor nudnicks like the McCourts into the ownership club in the future.

Baseball is learning that lesson, right?

  1. itsacurse - May 10, 2011 at 9:43 AM

    Jesus, that picture. He looks like a barracuda.

    • heyblueyoustink - May 10, 2011 at 10:14 AM

      He’s far from a magic man, that’s for sure

    • bigharold - May 10, 2011 at 10:27 AM

      Why must you insult barracuda’s? What did they ever do to you?

      Man, the Mets look like the well oiled machine compared to the Dodgers. Just when you think it couldn’t get any messier boom, .. you get slimed.

  2. isdtyrant - May 10, 2011 at 10:03 AM

    Allen H. “Bud” Selig has commissioned a blue-ribbon committee to explore the feasibility of learning that lesson.

  3. hep3 - May 10, 2011 at 10:20 AM

    Ol’ Bud Lite is now professing there was only one buyer for Dodgers and there was no one else when Fox wanted out. Bud says he had no choice to but to take on McCourt. With this assertion and Bud’s, “I never knew about PEDs in the early ’90s,” Bud can sure play the revisionist history card when it suits his agenda.

  4. Mr. Jason "El Bravo" Heyward - May 10, 2011 at 10:21 AM

    Speaking of bankruptcy, Lenny is telling his side of the story: http://www.nypost.com/p/news/local/lenny_going_to_come_out_swinging_byB3LLKWTpepfTMhetFXbK

    • koufaxmitzvah - May 10, 2011 at 10:45 AM

      Apparently, Lenny Dykstra is Frank McCourt on steroids.

      • rebarratige - May 10, 2011 at 11:35 AM

        Lenny Dykstra is Lenny Dykstra on steroids…

  5. dogsweat1 - May 10, 2011 at 7:07 PM

    Mark Cuban, buy this team!

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