Friday, June 17, 2011
McCourts Announce A Settlement
The settlement is contingent upon Major League Baseball's approval of a long-term television contract with Fox. Would he sue if MLB rejects the contract?I hope and trust he is wrong, and MLB crushes the contract, as ESPN's Molly Knight has suggested:
"I fully expect MLB to approve the Fox transaction. MLB has taken the position that, before they approved the transaction, they wanted to see either a settlement of the divorce, or Jamie's consent, or an order from the judge. Today, they received all three. I fully expect that they will be good to their word, and they'll approve the transaction in a timely way."
But it's highly unlikely MLB would approve the TV deal, a source told Knight, in part because Gordon could force a sale of the team and saddle a new owner with what could be a below-market television contract in the future.