Ultimately, it appears that Selig’s goal is to force McCourt to sell the Dodgers. The Dodgers are estimated to be worth anything from $800 million to over $1 billion. But the ability to sell the Dodgers may be complicated by Frank McCourts’ ongoing divorce proceedings with his ex-wife Jaime. The McCourt divorce court has ruled that Jaime co-owns the team along with Frank.
(For the best coverage of the McCourt follies, the ongoing mismanagement of the Dodgers and the resulting financial crisis surrounding the team, please read our friend Josh Fisher over at the terrific web site Dodger Divorce.)
Both the Dodgers and the Mets have received considerable attention here and elsewhere for the large amounts of debt they have taken on in recent years, apparently in violation of baseball’s rules restricting team debt. But these two teams are not the only ones in deep debt. Tune in tomorrow, where I hope to post a piece on the issue of baseball and borrowed money. In the meantime, please post any questions you’d like me to address in the comments.