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The Dodgers deal is done

May 1, 2012, 2:30 PM EDT

Image (1) dodgers%20logo.jpg for post 3955

And Frank McCourt is gone. Though the Dodgers were diplomatic enough to not mention him in the press release:

 The Los Angeles Dodgers, Guggenheim Baseball Management LLC (“GBM”) and Frank McCourt today announced the completion of the sale of the Dodgers to GBM for $2 billion. As previously reported, the Dodgers’ new ownership includes Mark Walter as control person, Earvin “Magic” Johnson, and Stan Kasten as CEO of the organization.

The Los Angeles Dodgers stated, “The Dodgers emerge from the Chapter 11 reorganization process having achieved its objective of maximizing the value of the Dodgers through a successful Plan of Reorganization, under which all claims will be paid. The Dodgers move forward with confidence – in a strong financial position; as a premier Major League Baseball franchise; and as an integral part of and representative of the Los Angeles community.”

Know what I look forward to now?  Anonymously-sourced articles about how messed up the team was when the new owners took over.  Sort of like when the Clinton White House staffers removed all the Ws from the keyboards in January 2001, except with more financial mismanagement and fecklessness.

Anyway: bye-bye Frank. Hello Mark, Magic and Stan

  1. bsbiz - May 1, 2012 at 2:35 PM

    The disappointment in not getting one last “Sad Frank” picture is only outweighed by the happiness I feel in not having to deal with that asshat any more.

  2. heynerdlinger - May 1, 2012 at 2:44 PM

    Which press release doesn’t mention Frank McCourt? Because that one clearly does.

    • Gobias Industries - May 1, 2012 at 3:06 PM

      The Frank McCourt mentioned in the press release is the late author of Angela’s Ashes. They exhumed him just for this special announcement.

  3. koufaxmitzvah - May 1, 2012 at 2:47 PM

    I don’t want to see Frank McCourt’s name until it’s printed in his obituary.

  4. SmackSaw - May 1, 2012 at 3:17 PM

    I hope it’s not “Meet the new boss…same as the old boss.” They need to make a splash before the trade deadline.

    • Reflex - May 1, 2012 at 3:57 PM

      No, they do not. They need to focus on rebuilding their pathetic farm system so they can build a consistent competitor, then surround a solid home grown core with superstars that they can afford thanks to playing in the second largest media market in the country. Thats how the Yankees did it, and there is no reason to believe that the Dodgers aren’t capable of doing the same thing with proper management.

      • lanflfan - May 1, 2012 at 4:06 PM

        Agreed Reflex, sort of.

        You build a one season wonder, or cap a solid team, by trading for players in July. You build a consistent winner by selling or being inactive in July, and building through the draft and farm system. The 2012 Dodgers are not solid, and need more than “one bat” to truly compete outside the NL West.

        However, the Dodger farm system is hardly “pathetic”, although certain positions (i.e. C and 3B) are rather barren of solid prospects.

        It’s not popular or sexy, and it doesn’t draw a crowd like lowering beer prices, but I would much rather see ownership put a renewed focus on player development and scouting (especially outside the US), and less on trades and signing overpriced vets to silly contracts (especially with Needle Head Ned still in the G.M. seat).

  5. lanflfan - May 1, 2012 at 4:13 PM

    My mother told me if I didn’t have anything nice to say I shouldn’t say anything.

    In that spirit, I will only say “Welcome” to our new owners, I am glad the deal is finally done and we can all move on with our MLB lives.

    As a taxpayer, the IRS is free to pursue McAsshat and see how much he “forgot” to include on his taxes (OK, that one slipped out).

  6. irishjackmp - May 1, 2012 at 10:40 PM

    MLB missed a golden opportunity here to use Frank McCourt’s greed against him for once.

    I read an article several months ago that indicated Bryan Stow’s (the Giants fan who was beaten near to death because McCourt was too cheap to pay for adequate security) medical bills and care/rehab would have the cost of his care run in to the several million dollar range over the course of his life and possibly in to the tens of millions of dollars (not to mention providing for his small children).

    Bud Selig should have basically told McCourt…

    “Hey Frank, I know you are salivating over the $2.2 billion dollar check Magic Johnson and his buddies want to write you, well guess what? MLB is not approving the sale until you settle the lawsuit that Bryan Stow’s family has against you so go get your checkbook and write a very, very, large check. McCourt would not have been able to write that check fast enough.

    Way to miss a golden opportunity Bud Selig.

  7. Old Gator - May 2, 2012 at 1:15 AM

    McCourt really should have bought himself a hockey franchise. A brutal sport deserves brutal ownership.

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