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Frank McCourt will get no parking revenue from the Dodgers

Mar 30, 2012, 1:30 PM EDT

Frank McCourt AP

Frank McCourt made his bones with a big parking lot in Boston. And, as his days as the Dodgers owner dwindled, there was talk that he would continue to maintain ownership over the parking lots of Dodger Stadium, thereby continuing to hold the team hostage in his own special parking lot troll way.

But nope, it ain’t happening:

Soon-to-be former Los Angeles Dodgers owner Frank McCourt will not earn any immediate profits from parking revenue at land around Dodger Stadium, three sources told ESPNLosAngeles.com.

As part of the deal with the ownership group led by Magic Johnson, McCourt can only see future profit from the land around Dodger Stadium if it is developed in future years. Two sources told ESPNLosAngeles.com that there is no plan for development in the immediate future.

The real money here is the possibility of the land being used to build a football stadium or something like it.  What will not happen, however, is McCourt nickel and diming the new Dodgers owners over the parking lots. He’ll get none of that at all.

  1. WhenMattStairsIsKing - Mar 30, 2012 at 1:38 PM

    Dude made out like a bandit this week on the sale – funny, because he himself is a bandit.

    I don’t think this will hamper any plans he has.

    • ajcardsfan - Mar 30, 2012 at 1:42 PM

      I hope his wife left an opening in their settlement and goes back for more. I hope this guy ends up homeless. I’m not a Dodgers fan, I just hate anybody that screws around with my favorite sport.

  2. davidpom50 - Mar 30, 2012 at 1:58 PM

    I hope I don’t come off as a conspiracy theorist, but… McCourt’s scam with the parking lots was always that the team kept the revenue, but owed a $14,000,000 lease to a separate McCourt business for the use of the lots. Of course, that makes it nearly impossible to make any money off of parking. This espnla article is very careful to say that McCourt won’t see any of the parking lot REVENUE. It doesn’t say that crazy lease is gone.

  3. illcomm - Mar 30, 2012 at 2:04 PM

    People. this is how Big Business is ran. Alot of companies perform business under seperate legal entities for various reasons. He is not a swindler, he is a smarter business man than u or I. GE, Lockheed, supermarkets, ibm, Microsoft, apple all run their businesses like this. Please tell me what’s worse, frank mccourt and his dealings or apple making profits off the backs of Chinese workers? all is fair and all is not moral, people just pick n choose to get upset about certain things.

    • davidpom50 - Mar 30, 2012 at 2:21 PM

      You’re wrong. This was a simple scam to go around the loan covenants that restricted how much money he could take away from the Dodgers. No other team pays even 1/3 of that in lease payments – not even teams that are ACTUALLY leasing their parking lots from other entities.

    • koufaxmitzvah - Mar 30, 2012 at 3:07 PM

      Gag. Frank McCourt is an opportunistic douchebag who took over a public trust and turned it into his own piggy bank.

      Sure, this may be how business is run. And if that’s the case, this is why capitalism is the most overrated economic system ever devised.

      Disgusting pigs like FMC should know, for the rest of their lives, that they are truly miserable pieces of shit.

      And that’s an insult to feces everywhere.

    • JBerardi - Mar 30, 2012 at 3:34 PM

      ” Please tell me what’s worse, frank mccourt and his dealings or apple making profits off the backs of Chinese workers?”

      Please tell me why it matters. That someone did something wrong is not negated by the fact that some other unrelated entity might have done something worse. Just because murderers exist does not mean that we should tolerate rapists.

    • WhenMattStairsIsKing - Mar 30, 2012 at 3:50 PM

      I saw that movie Big Business, and none of that was in there!

  4. illcomm - Mar 30, 2012 at 2:59 PM

    its la. things r more expnsive there

    • JBerardi - Mar 30, 2012 at 3:32 PM

      How expensive is the word “are”?

      • juicejuicer - Mar 30, 2012 at 5:48 PM

        I’d like to buy a vowel.

  5. marshmallowsnake - Mar 30, 2012 at 3:16 PM

    Like he needs it?

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