Jun 30, 2011, 8:49 AM EDT
I can’t say that I knew what Frank McCourt would do. Hindsight suggests to me that bankruptcy was his only option if he wanted to cling to power for a while longer, but it’s not like it was inevitable or anything. I’m a bit surprised, however, that Major League Baseball didn’t predict this, which is what is being reported in the L.A. Times:
“Even last Wednesday, I thought the way this was going to end was with him coming to the realization that he could not make payroll and saying, ‘You’ve got to cover me and I’ll sell the team,'” said a person familiar with league discussions but not authorized to speak publicly.
Whatever else you can say about the guy, Frank McCourt has a history of extreme tenacity and litigiousness. In light of that, I’m struggling to think why anyone with Major League Baseball expected him to merely roll over here. Maybe it wouldn’t have taken the form of bankruptcy — and maybe it’s all moot now — but how could anyone think that this wasn’t going to end in litigation of one kind or another?
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