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McCourts, and a Light at Tunnel’s End?

December 7th, 2010 · 2 Comments · Baseball, Dodgers

What I don’t know about American jurisprudence is extensive. I took one pre-law class in college, something like “Introduction to Business Law” and was lucky to get a C. Oh, and I talk journalism law, later on. Hated that, too, but I’ve never been sued for libel …

But if I’m understanding the story on the McCourts divorce settlement correctly, it seems as if Dodgers fans might — might — have a slight reason for optimism. (Here is another version of the story.)

By ruling that the Dodgers are community property for our beloved social-climbing high-living twits, Frank and Jamie McCourt, Dodgers fans may eventually get what they have to be hoping for:

The sale of the club.

To anyone. Anywhere.

I would take Al Davis as owner of the Dodgers. I would take Donald Sterling.

Literally anyone. A homeless person. Paris Hilton.

The McCourts have to go. Have to. And maybe they will, with this ruling.

If the Dodgers belong to Frank and Jamie equally, and they can’t agree on anything these days, then our fondest wish is that one will not be able to buy out the other (even after liquidating all the homes paid for by Dodgers fans) … and for each one of them to get half of the $1 billion or so the club may be worth …

They will have to sell to someone! And then split the money — but leave the Dodgers.

(And no, you don’t even want to think about how these East Coast weasels bought the club for $400-million-some, and now each of them is going to walk away with something like $500 million. Let them have their money … but just get gone.)

I like to think neither one of these two can raise the $500 million needed to buy out the other. Frank famously bought the Dodgers with a parking lot leveraged so enormously that it was ready to slide into Boston Harbor.

Jamie probably has made friends with bankers and high-rollers (that’s what she does; schmooze), but $500 million? That’s real money.

I believe Frank cares more about owning the team, but Jamie may have a better chance of raising the money to buy him out. She understands clearly that her position among the social elite of Los Angeles is due solely to her history with the ballclub. So she probably will try hard to hang on to that.

If this had gone the other way, if the Dodgers belonged to Frank only, then we’d be stuck with McCourt ownership for a long time. Which would be bad.

Now, for either of the disgusting duo to emerge with the club, they have to raise a huge amount of cash. And aren’t banks not giving out loans to anyone these days?

Fans can hope neither can find the scratch … and then the club goes to some billionaire. Heck bring back Fox. Anyone. Does Halliburton want a baseball team? I really don’t care. Anyone But Frank/Jamie

Our good friend Steve Dilbeck, on his L.A. Times blog, suggests baseball needs to step in and force a sale. A laudable notion, and one that might hurry up this process from years to months … but I’m not sure it will happen. If only Bud Selig were alive!

Anyway, just get the McCourts out of the picture. And this ruling may have moved us a little in that direction. Maybe a lot.

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2 responses so far ↓

  • 1 Garrett // Dec 21, 2010 at 9:17 PM

    amen bill…..amen

  • 2 Char Ham // Dec 22, 2010 at 9:49 PM

    My choice of owners:

    1) Eli Broad. He bid on the team before, & Selig turned him down, despite having a higher bid. Selig is buddy buddy with McCourt & see what that’s done! Broad (of KB Homes) has close Angelano ties, with the latest announcement given last summer was to buy for a art museum of his collections in downtown LA. Then if Broad wins this time, Peter O’Malley would be on the Board of Directors, and boy, would his presence be welcomed back.

    2) Steve Garvey & his investment group. Yes, one of the Dodger icons but are his finances stabilized?

    3) Me. If I hit the big lottery, I’d love to be a minority investor. Heck, if the winnings were big enough, why not go for top dog?!

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