Hope on the horizon for LA Dodgers as $130m break-up nears final inning
Fans of the Los Angeles Dodgers may or may not be relieved to hear that the ugly and wildly expensive divorce war between its married-couple owners, Frank and Jamie McCourt, may at last be close to conclusion and that the fate of the team itself may thereafter be resolved with reasonable dispatch.
Sources close to Mrs McCourt broadly confirmed last night the outlines of a settlement reported by the Los Angeles Times under which she would yield full control of the team to her husband in return for about $130m (£82.4m). If confirmed, the agreement represents a breakthrough in a divorce struggle already considered the most expensive in California's history.
Records show the McCourts had already incurred legal bills of $20.6m by the end of July. The issue of whether the Dodgers belonged just to Frank McCourt or to them both has been one of the most vexing for their lawyers.
Mr McCourt, who put the team into bankruptcy proceedings this summer, should now be free to seek permission to sell the team's lucrative television rights, a sale which should in theory give him the financial muscle not just to settle the divorce case but also retain ownership of one of America's most storied sporting franchises.
In that, however, Mr McCourt is likely to encounter a new foe in court. The baseball commissioner, Bud Selig, has asked the judge in the bankruptcy case to order that the entire franchise be sold outright. Mr McCourt is expected to counter, petitioning the judge to deny the commissioner's request and allow for the separate television rights auction. A hearing at the bankruptcy court in Delaware is set for tomorrow.
For Los Angeles, the break-up of the McCourts has been almost as diverting as the Dodgers' league progress. The saga was leavened from the start by Mrs McCourt's revelations of their extravagant lifestyle with private jet travel, exorbitant hotel and restaurant bills and the cost of keeping up their many homes. She served as the Dodgers' chief executive until fired by her husband who, in a letter of dismissal, complained of "insubordination, non-responsiveness, failure to follow procedures and inappropriate behaviour with a direct subordinate" – a reference to claims his wife had entered a relationship with a driver.
- 1 What happens to your body when you give up sugar?
- 2 Ed Miliband less influential than One Direction's Louis Tomlinson by official Doncaster power list
- 3 Japanese island overrun with cats after population explodes
- 4 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
California teacher appears to have hanged herself in her classroom
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
Bubonic plague-carrying fleas found on New York City rats
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
£14600 - £18000 per annum: Recruitment Genius: Established in 2003 the company...
£20000 - £25000 per annum: Recruitment Genius: This fast growing, Google certi...
£18000 - £23000 per annum + OTE: SThree: SThree are a global FTSE 250 business...
£18000 - £22000 per annum: Recruitment Genius: This company has won the award ...