McCourt 'Looted' $190M out of Dodgers?

[Giantmetfan07]

Setting the stage for what could be Frank McCourt’s last stand to retain the Los Angeles Dodgers next week, MLB informed Judge Kevin Gross that the owner of the club “looted” $189.16 million from the club. A statement by the Dodgers said that the “inflammatory allegations are not supported by the evidence” and that they “look forward to the opportunity to show the truth next week.”

The stakes have ramped up further as an attorney for Bryan Stow, the Giants fan who was beat so severely is was left in a coma, is represented as one of the creditors in the case. His attorney, who will be representing him at the hearing that is expected to last most of next week, said that Stow’s medical bills could reach $50 million.

The US Trustee overseeing the case also added two fans that represent season-ticket holders in the case. Both the fans, as well as FOX Sports have asked Judge Gross to deny the request to auction off the Dodgers media rights, something that Commissioner Selig and the league have said is “dead on arrival.” The auction is key to allowing McCourt the ability to retain the club.

Attorneys for McCourt say that Selig is treating McCourt differently and is doing nothing more than trying to push the beleaguered owner out so that the club can be sold out from underneath him. McCourt is under pressure on multiple fronts. While his former wife Jamie has given Frank sole control of ownership, their divorce settlement stipulates that he pay $130 million by the coming Spring in exchange.

The value of the Dodgers in a sale could be as high as $1.5 billion when accounting for Dodgers Stadium, land around the stadium, the club itself, and other assets tied to the club.

-- Biz of Baseball

 

[Mexi]

im speechless because im so sick of complaining about him

i have mccourt fatigue
jut go away frank

 

[Giantmetfan07]

Update: Bankruptcy Trial Delayed to Late November

The Dodgers bankruptcy trial has been delayed, reports Bill Shaikin of the L.A. Times. The trial initially had been scheduled for October 31st through November 4th, but for unknown reasons it has been moved to November 29th through December 2nd. Baseball's Winter Meetings take place from December 5-8, so as Shaikin notes, there's no way current owner Frank McCourt could be replaced that quickly after the trial even if MLB succeeds in ousting him. Shaikin explains the focus of the bankruptcy hearing: "Can McCourt sell the Dodgers' television rights, over the objections of Fox Sports and Major League Baseball, and can the commissioner get the judge to order the Dodgers sold?"

MLBTR


Tough break for MLB. They obviously would have liked to get him out sooner than later. Even if he were to be ousted, it would take a few months for a new owner to be approved.

 

[Mexi]

this is really frustrating

this has dragged on way to much

they keep doing this. have a date set, then postpone it at the last minute

SMH