Frank McCourt May Fight MLB’s Takeover Of LA Dodgers

LOS ANGELES (CBS) — Los Angeles Dodgers’ owner Frank McCourt may resist Major League Baseball’s plan to take over the team’s operations.

MLB Commissioner Bud Selig announced Wednesday his intention to appoint a trustee to oversee the storied franchise, citing concern over the team’s finances and operations. In response, McCourt issued this statement:

frank mccourt divorce trial 103733203 Frank McCourt May Fight MLBs Takeover Of LA Dodgers

Dodgers owner Frank McCourt. (credit: Kevork Djansezian/Getty Images)

“Major League Baseball sets strict financial guidelines which all 30 teams must follow. The Dodgers are in compliance with these guidelines. On this basis, it is hard to understand the Commissioner’s action…”

Newly appointed Dodgers Vice Chairman Steve Soboroff blamed Selig for the club’s seemingly shaky finances, saying the decision to take over the team had been “irresponsible” and dismissing Selig’s concerns that McCourt is too strapped to operate the team.

Selig said Wednesday he would appoint a trustee to oversee the team “because of my deep concerns regarding the finances and operations of the Dodgers.” McCourt received a $30 million loan last week to meet the first payroll of the season.

The ownership of the team has been the central focus of the pending divorce of Frank and Jamie McCourt.

“Frank McCourt is financially fine,” Soboroff said in remarks reported Thursday on the Los Angeles Times website.

(©2011 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

Comments

One Comment

  1. Rick Hirsch says:

    I suppose if your are $430 million dollars in debt, that such debt means you are considered fnancially fine and that an additonal $30 million dollars of debt in a loan just to meet payroll is also OK. If Jamie McCout drops hrr claim for half-owenership of the team then Frank incurs all of the debt. Also, ff Frank wants to take the MLB to court (no pun intended), who will pay the court costs? Frank and Jamie, we Dodoger fans would like you to leave. We want our Los Angeles Dodgers back.

    1. Saber 1 says:

      Sell this washed up has been/never was players. They have three decent players and the rest are trash.. Sell to an East Coast buyer and take the Lakers, Clippers, Raiders and bottom feeding ILLEGAL ALIEN Chivas with them.

  2. bababooey says:

    “Frank McCourt is financially fine,” Soboroff said in remarks reported Thursday on the Los Angeles Times website. – Yeah, the Earth is also flat and the moon is made entirely of cheese. Gotta love PR people.

  3. Greg the Jedi says:

    I wish the O’Malleys were still alive so they could take over this hella mess!!

  4. Kim Greene says:

    Sorry but it is Frank’s fault because he’s been marketing to them specifically to fill the stands, to buy the beer and to line his pockets. He’s a greedy m.f. and needs to take his greedier wife and leave town. The Dodgers require more attention than a parking lot and when I read he was syphoning off money from the foundation as well – scary. This guy knows no bounds.

  5. Wendy says:

    Hey ret@rd, quit posting your stupid thoughts.

    1. Wendy says:

      Not you Kim. The dumb post got deleted.

  6. bq says:

    Why is everyone bad mouthing Frank,his EXwife is to blame for all this,if she would of just stayed faithful and not chase the young man she was with.
    she should get a job and support herself.
    If she is 50% owner than she needs to get 50% of the blame.
    The team will bounce back just as it always has after FOX, and WB took the team before being sold to McCourt.

    1. jaided says:

      i agree its all greedy franks fault. He has the highest fan attendance and is number 13 in mlbs payroll. enough said.

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