Apr 23, 2013, 8:23 AM EST
That’s free and clear, after paying taxes and taking an offset for the debt assumed by the Dodgers’ new owners, reports Bill Shaikin of the L.A. Times.
We know this because he’s in court right now, trying to fight off a challenge from Jamie McCourt. Jamie is now trying to get a better deal than the one she walked away with when they settled their divorce. Her deal: $131 million, tax free. She now claims that Frank committed fraud when they settled, misleading her as to the value of the team. Of course, at the time, most folks thought she was getting a pretty good deal, being able to walk away from what then appeared to be a doomed business. Which she helped doom.
As for Frank, I’m struggling to think of anyone who has done better financially while making so many dumb and questionable decisions while running a baseball team. It’s either a testament to how hard it is to go broke as a team owner or a testament to how naive I am about how capitalism works at its highest levels.
- Grant Balfour may file a grievance over Orioles’ decision to back out of contract 18
- Former Major Leaguer Gabe Kapler wants collisions to remain part of the game 27
- Carlos Beltran introduced by the Yankees, takes a shot at the Mets 29
- The Grant Balfour-Orioles deal is dead 25
- Kevin Youkilis is going to play in Japan 30
- Hall of Fame voting expert: Greg Maddux makes it. No one else does. (105)
- I don’t know what the best baseball song is, but it ain’t John freakin’ Fogerty (101)
- Happy Birthday, Ty Cobb! (89)
- ‘Tis the season for people acting incredibly dumb (74)
- The Yankees agree to a one-year, $2 million deal with Brian Roberts (74)