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Friday, April 29, 2011
McCourt Contests Marital Property Agreement
- The Dodgers made payroll, according to Dylan Hernandez, who reminds me that the players' union must be monitoring this situation closely, as MLB could end up paying the Dodgers players if the team goes into default. This, I reckon, is MLB's strategy.
"Baseball is trying to make it appear that the Dodgers are under financial duress, and it's not true," McCourt said. "What is true is baseball is trying to put the Dodgers into financial duress."This is another of Frank's true-as-far-as-it-goes comments; the question you have to ask yourself is why are the Dodgers in such dire straits that they need a massive cash infusion to make payroll in April? And the obvious answer is that the McCourts have treated the team as an ATM, and it's no longer a self-financing operation. That is, it has become a sort of Ponzi scheme, requiring ever-greater monies to continue operating. If I'm right in that, it explains much; MLB needed to take over the franchise before it collapsed.
- Frank McCourt's legal team has appealed the rejection of the marital property agreement, a bit late. Update: Here's the Bill Shaikin story.
- Josh Fisher mentions something of great import, speaking of the divorce (remember that?): Jamie McCourt hasn't signed off on the proposed Fox TV deal.