Selig Takes Control of L.A. Dodgers

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.

7 thoughts on “Selig Takes Control of L.A. Dodgers

  1. Thank you Larry for writing a professional article about the finances. Over on ESPN its all about the drama. The main article starts:
    """Once among baseball's glamour franchises, the Dodgers have been consumed by infighting since Jamie McCourt filed for divorce after 30 years of marriage in October 2009, one week after her husband fired her as the team's chief executive. Frank McCourt accused Jamie of having an affair with her bodyguard-driver"""

    it took a while before they got to the financial stuff.