Oct 17, 2011, 6:02 AM EDT
Frank McCourt’s multi-front war to maintain control over the Los Angeles Dodgers just got a bit simpler: according to Bill Shaikin of the Los Angeles Times, Frank and Jamie McCourt have reached a settlement regarding ownership of the Dodgers. The deal has Frank paying Jamie $130 million in exchange for her giving up a claim to ownership of the team.
Where Frank gets $130 million is an open question, but one has to think that Jamie was worried about the future. A future in which, due to how encumbered the Dodgers are, her half-ownership stake in the team could be worth very little, thus rendering $130 million a more palatable option. That is, if her half-ownership stake in the team was upheld to begin with. One hundred and thirty million birds in the hand are worth more than more in the bush, as they say.
As for Frank, this makes life a bit easier. While, yes, he still has to face Bud Selig and Major League Baseball in the final boss battle in bankruptcy court, if McCourt wins that and is able to maintain control of the team, he doesn’t have to then face Jaime in the superboss battle afterward.
For everyone else this puts to an end the sordidness and drama that has driven the entire McCourt/Dodgers/litigation fiasco for the past two years. Yes, the bankruptcy and Major League Baseball’s efforts to wrest control of the Dodgers from McCourt pose a more serious threat than anything else now, but it was the divorce and the attendant publicity that set all of this off, injected tabloid-style nastiness into the equation, turned Frank McCourt’s name into mud and so thoroughly turned off so many Dodgers fans.
And now it’s all over. At least, that is, if this settlement gets put to bed neatly. Which, given that the McCourts are involved, is no sure bet.
- Drooling over Miguel Sano’s incredible numbers through 50 career games 9
- Matt Williams puts up another strong performance in his quest to get himself fired 87
- Settling the Scores: Tuesday’s results 63
- Yankees reveal Mark Teixeira’s shin injury is “more than we thought” 15
- There’s a chicken pox outbreak in the Royals’ clubhouse and multiple players are infected 27
- Shoeless Joe Jackson is not being reinstated 66
- And That Happened: Monday’s scores and highlights 66
- Cubs acquire Austin Jackson from Mariners 22
- Sarah Palin sticks up for Curt Schilling, tells ESPN to “stick to sports” (266)
- Dan Patrick: When does ESPN cut ties with Curt Schilling? (202)
- Curt Schilling taken off of ESPN’s Sunday Night Baseball telecast this week (134)
- Joe Girardi would like Carlos Gomez to “play the game right” (97)
- Matt Williams puts up another strong performance in his quest to get himself fired (92)