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Joe Torre’s group pulls out of the bidding for the Dodgers because McCourt won’t sell the parking lots

Feb 24, 2012, 9:06 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

The Los Angeles Times reports that Joe Torre’s ownership group — backed by real estate developer Rick Caruso — has pulled out of the bidding for the Dodgers.  Why?  Because Frank McCourt wants to keep the parking lots.

Caruso and other bidders thought the purchase of the lots would be negotiable. However, in a recent meeting with Caruso, McCourt said he intends to keep the lots and develop them, according to the people familiar with the sale process … McCourt divided the Dodgers and the parking lots into separate entities in 2005, with the approval of Major League Baseball. The Dodgers are in bankruptcy, but the McCourt entity that controls the parking lots is not.

Frank McCourt: buys the Dodgers on the back of a big parking lot deal in Boston, drives them into the ground, and wants to come out richer on the other end on the back of another parking lot deal.

So glad that Selig and company let this vulture into the ownership club.

  1. phillyphreak - Feb 24, 2012 at 9:16 AM

    This guy is somethin else….

  2. AlohaMrHand - Feb 24, 2012 at 9:32 AM

    Unbelievable.Any other line of work what McCourt did would be called skimming and he’d be sitting in a jail cell.

  3. paperlions - Feb 24, 2012 at 9:34 AM

    Without that land, are the Dodgers worth anything close to $1B?

    • deadeyedesign23 - Feb 24, 2012 at 9:41 AM

      I was thinking the same thing.

    • koufaxmitzvah - Feb 24, 2012 at 10:19 AM

      No they aren’t.

      And the boycott will go on.

  4. addict2sport - Feb 24, 2012 at 9:55 AM

    Why would MLB let him split the entities like that? Better question, how’d they lett his guy become an owner at all in the first place. What a mess! Anyone who buys the Dodgers now would be making a mistake, an escalated mistake if they pay anything near $1B.

  5. buffalomafia - Feb 24, 2012 at 9:58 AM

    Move the Dodgers back to Brooklyn?

    • WhenMattStairsIsKing - Feb 24, 2012 at 3:46 PM

      Three NY teams. That would be something.

  6. cmbailey7384 - Feb 24, 2012 at 10:12 AM

    So lets get this straight, Frank McCourt can own a team, drive it into the ground, then dice the teams assets up into “separate entities” and its ok, but Mark Cuban owning a team is to much for MLB to handle? I thought the MLB was interested in making money?

  7. koufaxmitzvah - Feb 24, 2012 at 10:17 AM

    McCourt is everything that is wrong with capitalism. He is a true piece of shit. I hope he chokes on a cuff link.

    • The Rabbit - Feb 24, 2012 at 11:47 AM

      What you said!
      Time for hyperbole: 10,000 people angry that Braun may be a “cheat” and a dozen or so (at the moment) who comment regarding what McCourt and hundreds of other scumbags just like him do every day….like there is no link between their behavior as a group and the economy.
      I’m willing to bet many of you pay more taxes than he does, too. Boggles the mind.

      • davidpom50 - Feb 24, 2012 at 12:29 PM

        Frank takes it way further than most rich guys, who find loopholes that allow them to legally avoid taxes. Frank is under investigation by the IRS, because apparently as of last year, he hadn’t paid a dime in taxes since buying the team in 2004.

  8. lorddarkhelmet - Feb 24, 2012 at 10:25 AM

    But will the bankruptcy judge allow that to happen? My understanding is he could declare the split illegal. If the Dodgers are sold without the lots look for the new owner to move them, why stay in a less than stellar stadium with no ability to profit from the lots or development of the surrounding area

    • kchoya - Feb 24, 2012 at 10:40 AM

      I don’t think the bankruptcy court has any power to do that. The bankruptcy court can look back a certain amount of time before the bankruptcy petition was filed to see if improper transfers of assets were made. But in this case, the article above states “McCourt divided the Dodgers and the parking lots into separate entities in 2005.”

  9. Pierre Cruzatte - Feb 24, 2012 at 10:39 AM

    Craig: if you are not entirely satisified with the results of the ownership vetting process, then it means you don’t believe in the ownership vetting process at all! Bull! (And so on and so forth.)

    • koufaxmitzvah - Feb 24, 2012 at 11:36 AM

      You might have a point as long as I’m able to take a piss on Frank McCourt.

  10. sleepyirv - Feb 24, 2012 at 10:40 AM

    This sounds a lot like the beginning of the next Ocean’s movie. Except how do you steal a parking lot?

  11. jimsjam33 - Feb 24, 2012 at 10:45 AM

    So the profits from the parking lot go into McCourts pockets and the Dodgers reap no dollars for player development or improvements for the team and stadium . Forget it . Continue the boycott ! LA is screwed by this Bostonian parasite .

    • davidpom50 - Feb 24, 2012 at 12:33 PM

      The parking lots would actually probably operate at a loss. The Dodgers pay a separate McCourt entity rent for the parking lots, then charge whatever they want and keep the difference. Unfortunately, that rent is $15,000,000 per year, which means that at current $15/car rates, they’d need to park an unlikely 1,000,000 cars just to break even, and that’s without taking into account other parking lot expenses, like attendants and maintenance and what not.

      • churchoftheperpetuallyoutraged - Feb 24, 2012 at 1:27 PM

        they’d need to park an unlikely 1,000,000 cars just to break even

        That’s not unlikely at all. 1,000,000/82 home games = 12195 cars per game. The problem is overhead is probably huge with payroll costs, cleanup, benefits, etc.

      • lanflfan - Feb 24, 2012 at 2:08 PM

        And don’t forget, in LA, we love our cars since our mass transit options are putrid.

  12. SmackSaw - Feb 24, 2012 at 11:37 AM

    Dodger fans, come on down to Anaheim. The water’s nice. You can’t wear your Dodger crap though. That pisses me off.

    • lanflfan - Feb 24, 2012 at 1:25 PM

      I will sooner become a former MLB fan than become a fan of the Anaheim Angels of Anaheim. I don’t live in Orange County, and I won’t be rooting for your team. Los Angeles is, and always will be, Dodger country.

      • SmackSaw - Feb 24, 2012 at 4:58 PM

        Every time you park your car at Dodger Stadium, you’ll be putting cash in McCourt’s bank account. Chavez Ravine is, and will always be, McCourt country.

  13. SmackSaw - Feb 24, 2012 at 11:41 AM

    Stan Kroenke is gonna buy the Dodgers. He’ll move the Rams back to were they rightfully belong. He and McCourt will partner up. It’s a win win for both of them, MLB and the NFL. What a country!

    • lafan101 - Feb 24, 2012 at 2:58 PM

      Stan Kroenke seems to be the favorite. He and McCourt could cut a deal and then the Rams would move back to L.A. where and NFL stadium would be built at Chavez Ravine.

  14. aaronmoreno - Feb 24, 2012 at 12:21 PM

    Huizenga screwed the Marlins enough on his way out that bidders are going to be weary from now on.

  15. joeflaccosunibrow - Feb 24, 2012 at 12:56 PM

    I just Googled douche-bag and McCourt’s picture popped up. True story!

  16. lanflfan - Feb 24, 2012 at 1:26 PM

    This demon needs to be exorcised immediately.

  17. cup0pizza - Feb 24, 2012 at 3:22 PM

    I hear that McCourt sucks at providing suitable security in his coveted lots, as well. This dbag is the worst owner of any team in sports history. What a nightmare. Thanks, Selig!

  18. jonirocit - Feb 24, 2012 at 4:56 PM

    I’m thinking the mexico City dodgers

  19. jkaflagg - Feb 24, 2012 at 7:08 PM

    Why is anyone even remotely surprised about this ? McCourt would be foolish to relinquish the parking lots without requiring a huge premium…..retaining the parking lots essentially makes him a partner with the team, and cuts him in on any future development…..It’s a dream situation for him.

    Why any of these business “titans” did not pick up on this immediately is odd……Frank’s team has let it slip that at least one group is willing to bid without the parking lots included, but whether anyone would be so stupid to buy an entity but not own the access to that entity is unclear. The only out here is for all the bidders to back out unless the lots are included, thus forcing Frank back to the table with the deadline looming….otherwise, Frank wins again……

  20. jkaflagg - Feb 24, 2012 at 7:23 PM

    There seems to be some question of whether the parking lots can be split off from the team; this was already done back in 2005 with the approval of MLB, and I can guarantee you that Frank made sure they would be handled as a separate entity when the agreement to sell the team was reached. Whatever else you can say about McCourt ( and there is certainly much to say), no one can dispute that he has taken MLB and Dodger fans to the cleaners, and even the 130 million to the nut bag wife is turning out to be merely a parking ticket…..He’s gonna get his price, just depends on which of the arrogant rich guys bidding for the team decides that he’s willing to overpay to be the Dodger owner/savior……

  21. bleacherman - Feb 25, 2012 at 2:38 PM

    And people want to know why the public does not want to build stadiums for rich people…this is a prime example of a rich baseball team owner caring only about his personal wealth. All bidders should back out of the deal and then see what McCourt and his wife are left with.

  22. jimsjam33 - Feb 29, 2012 at 11:20 PM

    Dirt Bag .

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