Thursday, October 15, 2009

Get Ready For $25 Parking

It appears the McCourts have some large legal bills in their near future. From the LA Times...
Grossman [Frank McCourt's lawyer] said there was "not a chance" that the team would be put up for sale. "Speculation about a potential sale of the team is rubbish. Frank McCourt is the sole owner. He has absolutely no intention of selling this team now or ever."

"This is not going to be another San Diego-like debacle," Grossman said, referring to Moores' sale of the Padres.

"There's a lot of public interest in the Dodgers, obviously. It's our baseball team, but the rules don't really change. Under California law, courts have a duty to effectuate a 50-50 division of the net community estate," Rale said.

He said that the couple could decide to continue as partners in the team, but that would be a rare choice for former spouses.

"Typically, they don't want to be partners in life anymore and they certainly don't want to be partners in business," he said.

Alternatively, one of the McCourts could try to buy the other out.

Since the team was practically bought on a credit card, I don't see that happening. I wonder if Frank would offer Jamie deferred payments like he did with Manny?

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