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Saturday, December 03, 2011

What If Frank Isn't Serious About Selling?

Ross Newhan tries to answer that nightmare scenario:
--Although McCourt has a year to go under his current television contract with Fox, he has been seeking permission to negotiate with other media outlets. Fox has opposed that procedure, figuring it would ultimately negotiate a new contract wiith a new owner. The dispute has gone to mediation, a process that was supposed to end last week but was extended through the current week, suggesting that some form of progress is being made. Suppose McCourt emerges with an extension with Fox or the right to pursue a multi year, multi million dollar deal with another media outlet.

--Suppose, at that point, McCourt figures he has or will have enough to pay creditors, his $130 million divorce from Jamie and retain operation of the Dodgers. All of these suppositions fall under the authority of the bankruptcy court, and the biggest challenge then for McCourt would have to be suing Selig for coercion in forcing him to sign his sale agreement with MLB.

Much more there, but I won't believe it until the weasel is gone from our shores.

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