Jun 21, 2011, 8:25 AM EST
After a day in which the Dodgers mess got messier, word seeps out that Frank McCourt is mulling — had mulled? will mull? — selling a minority stake in the team in order to infuse the organization with cash and preserve his place in the ownership chair.
Of course this is all too little too late. It took the Mets months to pull this off and they had a unanimity in ownership and no court interference as they identified and courted an investor. Frank McCourt has nine days until the check comes due and even if a magical fairy floated down from the treetops tomorrow with a briefcase full of cash, any sale of a minority stake in the team would have to go through Jamie and a divorce court and through Bud Selig who is obviously not inclined to do McCourt any favors. Oh: and given how leveraged McCourt and the Dodgers are, how much cash could a sale of a stake of the team truly bring him? The balance sheet is an utter train wreck.
So, nope, this isn’t happening. At least not in any kind of time frame that will help McCourt. It’s either lose the team or litigate at this point. Or both.
Oh, and don’t think for a minute Bud isn’t watching you, Frank. He’s got his eye on you buddy …
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- Robinson Cano “didn’t want to play” for Joe Girardi 89
- Report: Yankees have agreed to a three-year deal with Carlos Beltran 121
- Mike Napoli agrees to two-year, $32 million deal with Red Sox 36
- Curtis Granderson leaves Yankees for Mets (and $60 million) 68
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (160)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (121)
- Brett Gardner is drawing “significant” trade interest (108)