Comments on: Frank and Jamie McCourt reach a settlement over Dodgers ownership

By: PastyRasta

PastyRasta — Tue, 18 Oct 2011 23:00:15 +0000

MLB has to approve any TV rights deal and he cannot pursue a TV deal until he has gotten the team out of bankruptcy. Frank is so screwed, which is exactly why Jamie took the $130 million settlement and got out. Even if he sells the team for around the $1.2 Billion that he was supposedly offered, he has approx $700 million in debt he has accrued since taking over in 2004, he owes Jamie $130 million so there’s $830 million right there that he has to pay before he even begins to see a profit from selling the team. And before you go feeling sorry for him read the comments Jamie made about what she felt she and Frank were entitled to as owners of an MLB franchise and how they chose to spend Dodgers team revenue and it’s easy to see how he has dug this huge hole he’s currently in. Thanks to Bill Shaikin at the LA Times for these direct quotes from Jamie:

“Frank and I enjoyed the many perquisites and benefits that come with owning a Major League Baseball team,” she wrote in a court declaration.

She wrote of combined salaries of $7 million per year, plus $46 million to buy side-by-side oceanfront estates in Malibu, $27 million to buy side-by-side homes near the Playboy Mansion, additional properties in Massachusetts, Montana, Colorado, Wyoming and Mexico, $400 dinners and $1,000 per-night hotels, private jet travel around the world, even house calls from hairdressers and makeup artists.

All funded by Dodgers fans. They are simply pigs and I hope he walks away from MLB without a dime. He deserves everything he has coming to him, and trust me it is not going to go well for him.

By: Old Gator

Old Gator — Tue, 18 Oct 2011 03:28:59 +0000

Why would they make a reality series out of two people who are so detached from reality?

By: pjmarn6

pjmarn6 — Mon, 17 Oct 2011 20:49:46 +0000

Are they going to make a reality tv series out of this?

By: Old Gator

Old Gator — Mon, 17 Oct 2011 18:18:55 +0000

I think maybe he was shocked at how rapidly she began to dry out and wrinkle up. A guy with his kind of leverage doesn’t need to settle for a crone. With a face like that, she could take his money and run for governor of Arizona.

By: uyf1950

uyf1950 — Mon, 17 Oct 2011 17:39:07 +0000

Thank you.

By: kiwicricket

kiwicricket — Mon, 17 Oct 2011 16:51:52 +0000

Two great pic’s for the scrapbook Mr. C

By: kiwicricket

kiwicricket — Mon, 17 Oct 2011 16:47:53 +0000

When paying your ex-wife $130 million makes your life a bit easier, I think it’s safe to say things have gone a bit ‘awry’ from the norm.

By: jwbiii

jwbiii — Mon, 17 Oct 2011 16:27:53 +0000

Fox also has exclusive negotiating rights through the end of the 2012 season, so he can’t run an auction and hope Comcast (or somebody else) makes him a better deal.

By: PastyRasta

PastyRasta — Mon, 17 Oct 2011 16:03:20 +0000

Yes they did and her spousal support was kept at $225 K per month. How can one survive on a mere $225 K per month? Also there is a trial set for November where his arguments about reducing her support will be heard, and her spousal support staying at $225K is contingent on her selling ALL of the 7 homes they own but which are listed under her name.

Good article on the subject at

http://losangeles.cbslocal.com/2011/09/14/frank-mccourt-will-ask-judge-to-reduce-his-spousal-support-payments/

By: bbk1000

bbk1000 — Mon, 17 Oct 2011 15:54:07 +0000

Actually MLB refused to ok that deal woth FOX, not in the best interest of baseball.

By: florida727

florida727 — Mon, 17 Oct 2011 15:10:34 +0000

I’m no expert on matters such as these, but now that Frank has complete ownership, why wouldn’t he now be free to pursue that TV rights deal that was said to have been the one thing that could bail him and/or the Dodgers out of financial trouble? Subsequently, doesn’t that stick a fork in Selig’s attempt to have MLB take over the team? It looks to me as though Frank gets what he wants, yet only has to pay Jaime IF he actually secures the $130 million. If he doesn’t get the $130M, he loses the team anyway, AND he owes Jamie nothing. Don’t know if “win/win” is the right term, but I think Frank comes out of this not too badly.

By: aaronmoreno

aaronmoreno — Mon, 17 Oct 2011 14:27:12 +0000

Lot cheaper than I thought their exposure would have been when it first happened.

By: 1historian

1historian — Mon, 17 Oct 2011 14:23:01 +0000

One has to wonder how this news is going down with the Occupy Wall Street people.

By: uyf1950

uyf1950 — Mon, 17 Oct 2011 13:39:52 +0000

…sorry… $130M my mistake.

By: uyf1950

uyf1950 — Mon, 17 Oct 2011 13:36:28 +0000

Question, didn’t Frank also go to count to have his support payments reduced? Anything come of that?

How will Jamie be able to survive on a mere $150M settlement? That’s my attempt at sarcasm. But I am curious about my 1st 2 questions.

By: Craig Calcaterra

Craig Calcaterra — Mon, 17 Oct 2011 12:38:20 +0000

The former law firm will fight liability for that, but yes, this does put a top limit on their damages.

By: Jonny 5

Jonny 5 — Mon, 17 Oct 2011 12:36:32 +0000

Well doesn’t this open the door for Frank to retrieve funds from the original law firm (Bingham) that screwed up the agreement that Jamie originally agreed to, therefore costing him 130 million to buy her out of the 50% ownership deal? I can’t stand these people either but I see this as malpractice that resulted directly in this settlement.

By: bbk1000

bbk1000 — Mon, 17 Oct 2011 11:22:30 +0000

” more in the bush”, haha, isn’t that the reason they are getting divorced in the first place?