McCourt Divorce Settlement Could Affect LA Marathon

LOS ANGELES (CBS/KNX) — The Dodgers aren’t the only assets affected by the McCourt divorce proceedings. The L.A. Marathon could also be on the auction block.

KNX 1070’s John Brooks reports.

Frank McCourt bought the L.A. Marathon three years ago. The race made $5 million in revenue in 2010 and came close to breaking even.

If a judge orders the sale of the McCourt’s assets, the marathon, which starts at Dodger Stadium and ends in Santa Monica, could also be sold.

According to court records, the couple also own seven homes.

“I’m sorry for certain lifestyle decisions that I’ve made. I’m sorry that I’ve been a source of embarrassment,” Frank McCourt said Wednesday.

McCourt’s ex-wife Jamie claims the couple’s net worth is around $1.2 billion, most of it tied up in property.

The embattled couple held settlement talks Wednesday for four hours, but no deal was reached. The McCourts are scheduled to meet again on Monday.

Comments

One Comment

  1. doc says:

    this so called couple was nothing more than a train wreck to everything they touched. Hopefully the Judge will order a sale of their assets and more responsible owners will step in.

  2. Will Campbell says:

    The McCourts have already had a negative effect on the LA Marathon, doing away with the popular Bike Tour after their first year of ownership — under the phony pretense of making it a separate “world class” event.

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