McCourt Apologizes For ‘Embarrassment’ Of Owning Seven Homes
LOS ANGELES (CBS) — A very public and drawn-out divorce battle between Frank and Jamie McCourt may not only force the estranged couple to sell the Dodgers, but also underscores the lavish lifestyle choices of perhaps the city’s most infamous couple.
As the McCourts continue to dispute the ownership of the team in court, a judge’s decision to divide their assets may leave the future of the L.A. Marathon in doubt after it was acquired by Frank nearly three years ago.
KNX 1070′s John Brooks reports the unprofitable race earned $5 million in revenue last year — a number that pales compared with the McCourt’s total net worth.
In addition to their business holdings, the couple also owns seven homes, a fact that Frank recently bemoaned publicly.
“I’m sorry of certain lifestyle decisions that I’ve made, I’m sorry that I’ve been a source of embarrassment,” said McCourt.
Jamie McCourt claims the couple’s joint worth is an estimated $1.2 billion, most of which is tied up in property holdings.
The couple held settlement talks for nearly four hours on Wednesday, and will resume negotiations next week