Skip to content

Frank McCourt turned a $1.278 billion profit on the sale of the Dodgers

Apr 23, 2013, 8:23 AM EDT

Frank McCourt sunglasses

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.

Latest Posts
  1. Michael Wacha to make first rehab start Sunday with the Double-A Springfield Cardinals

    Aug 27, 2014, 7:18 PM EDT

    wacha getty Getty Images

    From Brian Stull of STL Baseball Weekly comes word that Michael Wacha has been cleared to begin a minor league rehab assignment Sunday with the Double-A Springfield Cardinals. Wacha threw a simulated game at Springfield on Wednesday afternoon and reported no issues with his shoulder.

  2. Rockies place Wilin Rosario on the disabled list

    Aug 27, 2014, 6:24 PM EDT

    wilin rosario getty Getty Images

    Rockies catcher Wilin Rosario continues to battle with inflammation in his left wrist and was officially placed on the 15-day disabled list Wednesday evening.

  3. Adam Wainwright has a “dead arm”

    Aug 27, 2014, 4:30 PM EDT

    Wainwright

    Which, despite the name of it, usually isn’t as serious as a lot of other stuff that can afflict pitchers.

  4. Yankees sign Mets castoff Chris Young

    Aug 27, 2014, 4:16 PM EDT

    chris young getty Getty Images

    Young signed a one-year, $7.25 million deal with the Mets this offseason in the hopes of building back his value before hitting the free agent market again, but instead he hit just .205 with eight homers and a .630 OPS in 88 games.

  5. Royals demote Aaron Crow to Double-A

    Aug 27, 2014, 3:45 PM EDT

    Aaron Crow AP

    Crow was an All-Star in 2011 and has a 3.35 ERA in 226 career innings through age 26, including a 3.86 ERA in 59 appearances this season.

  6. David Ortiz is back in the Red Sox’s lineup

    Aug 27, 2014, 3:18 PM EDT

    David Ortiz AP

    In the 10 games prior to the injury Ortiz hit .515 with four homers, three doubles, and a 1.606 OPS while the Red Sox went 2-8.

  7. Jury awards Jose Offerman’s bat attack victim $940,000

    Aug 27, 2014, 3:05 PM EDT

    Jose Offerman AP AP

    Offerman ended a man’s career by hitting him with a bat. Now he has to pay for it.

  8. Yonder Alonso needs surgery to “re-attach a ruptured tendon to the bone”

    Aug 27, 2014, 2:21 PM EDT

    yonder alonso getty Getty Images

    Alonso is arbitration eligible for the first time this offseason coming off a career-worst season in which he hit just .240 with seven homers and a .682 OPS in 84 games.

  9. Great Moments in Drug Testing and Punishment: The NFL Edition

    Aug 27, 2014, 1:30 PM EDT

    marijuana

    The league that has no HGH testing and never gets criticized for its drug policies, has suspended a guy for a year for using a substance that is legal in two of the 22 states in which the NFL operates.

  10. Mark Appel had the best start of his pro career last night

    Aug 27, 2014, 1:13 PM EDT

    Mark Appel AP AP

    Astros prospect Mark Appel was terrible at Single-A and then there was a weird quasi-controversy about him throwing a bullpen session in Houston, but now the former No. 1 overall pick is thriving at Double-A.

  11. HBT Daily: Alex Gordon and the Royals keep on rolling

    Aug 27, 2014, 1:00 PM EDT

    HBT Daily Logo

    Alex Gordon and the Royals fly under the radar, but here they are, on top of the AL Central.

  12. Tony Cingrani unlikely to pitch for Reds again this season

    Aug 27, 2014, 12:16 PM EDT

    Tony Cingrani Tony Cingrani

    Cingrani has been on the Triple-A disabled list since late June with a strained shoulder and recently had to halt the start of a throwing program due to continued discomfort.

  13. Diamondbacks expect Patrick Corbin to be out until June of next season

    Aug 27, 2014, 11:50 AM EDT

    Patrick Corbin AP

    “He’d probably punch me if heard me saying that but you’re really going to take your time and make sure he’s ready to go.”

  14. Mike Napoli followed Manny Ramirez’s footsteps by going fifth deck in Toronto

    Aug 27, 2014, 11:19 AM EDT

    Mike Napoli Getty Getty Images

    Napoli became just the eighth visiting player to hit a homer into the fifth deck at Rogers Centre in the ballpark’s 26-year history.

  15. We are in the Golden Age of Awful Ceremonial First Pitches

    Aug 27, 2014, 11:03 AM EDT

    Screen Shot 2014-08-27 at 10.52.11 AM

    Another doozy was uncorked in Houston last night.

  16. Marlins’ 0.48 ERA reliever Bryan Morris has a hip injury

    Aug 27, 2014, 10:47 AM EDT

    Bryan Morris Marlins Getty Images

    Right-hander Bryan Morris has been ridiculously good for the Marlins since they acquired him from the Pirates for a draft pick in June, posting a 0.48 ERA in 38 innings. But now he’s hurt.

  17. Andrew McCutchen expects to play today

    Aug 27, 2014, 10:30 AM EDT

    andrew mccutchen getty Getty Images

    The Pirates need McCutchen more than any playoff contender needs any single player.

  18. Angels may pursue Trevor Cahill as Bartolo Colon alternative

    Aug 27, 2014, 10:15 AM EDT

    Trevor Cahill Getty Getty Images

    With an $11 million salary for next season Mets right-hander Bartolo Colon is apparently out of the Angels’ price range as they try to upgrade the injury wrecked rotation, but Diamondbacks right-hander Trevor Cahill could be an option.

  19. Daniel Hudson pitched last night. He may be pitching in the big leagues again soon

    Aug 27, 2014, 9:46 AM EDT

    Colorado Rockies v Arizona Diamondbacks Getty Images

    A guy who has been snakebitten is on his way back to the Snakes.

Featured video

Alex Gordon, MVP candidate
Top 10 MLB Player Searches
  1. R. Castillo (4876)
  2. D. Ortiz (2878)
  3. Y. Molina (2504)
  4. M. Cuddyer (2295)
  5. J. Soler (2172)
  1. Y. Darvish (2106)
  2. M. Machado (2024)
  3. J. Baez (2015)
  4. J. Benoit (1981)
  5. R. Cano (1958)