Frank McCourt Accused Of ‘Looting’ $189M From Dodgers

LOS ANGELES (CBS) — The bankruptcy case involving Dodgers owner Frank McCourt has taken yet another turn.

Major League Baseball is accusing McCourt of “looting” more than $189 million from the team’s bank account.

Officials say McCourt siphoned off team revenue to pay for personal debts and funneled millions more through a land company.

“When they come out and use hard language like “looting” — that was surprising,” said sports attorney Jeffrey Lenkov. He said it’s clear the gloves have come off.

The filing claims that McCourt spent $73 million in parking revenue, $61.6 million to pay off personal debts and $55 million in personal distribution.

Fans were frustrated, worrying that they’re going to have to pick up the tab.

“Even though we’re just fans we’re going to have to deal with that,” a Dodger fan said.

The team has experienced a drop in ticket sales recently and some fans say it’s because of the McCourts’ legal drama.

“I had enough last year — I didn’t go to a ball game last year just because of it,” said one fan.

Commissioner Bud Selig has been working to oust McCourt for his alleged mismanagement of the team.

McCourt maintains Selig approved the deals he’s now complaining about and only wants to push him toward bankruptcy.

Court documents also brought up the beating of Giants fan Bryan Stow at Dodger stadium, saying it proves that McCourt had inadequate security at the games.

McCourt fired back that Selig was “fabricating the public impression that security at Dodger stadium was somehow inadequate. This is, by far, the most unforgivable action taken by the commissioner during the entire saga.”

There have been more than 200 filings in the bankruptcy case.

McCourt is expected to ask the judge next week if he can auction off his TV rights to the Dodgers  so he can use that money to reorganize and to pay back his ex-wife, Jamie. Last week the exes reached a settlement in their divorce – the costliest in state history.

That deal would still allow Frank McCourt to remain in control of the Dodgers. It’s a move that MLB is fighting to stop.

  • Xen

    How else could he buy all those properties, fancy cars and have enough left over for his fat bank accounts

  • doc

    And these are the type of people that are running / controlling the economy of this Country. No wonder we are in such a mess.

  • Brian

    Another turn? This is the same story Ive been listening to for a year now. Get him out now.

  • Auggie Ben Doggie

    Next up, Donald Sterling. That guy blasts his mug everywhere in th LA Times. He’s probably just as dirty. No wonder there is no good payroll for the Clippers. Poor LA and its sports franchises.

  • Miko

    Turn out the lights the party is OVER !!!

  • Jefferson Davis

    Sounds like he needs a good old fashioned confederate horsewhipping.

  • Denny906

    Hopefully a group of local investors will buy the Los Angeles Dodgers and run the franchise the way it should be run, with love and pride. McCourt is an easterner who ran the team like it was his own personal bank account.

  • Marissa

    McCourt still doesn’t get it, we want him out of Los Angeles forever.

  • uhoh

    Dodgers will still be terrible with a new owner. Not sure how all of you fans future getting rid of Frank will help them win. The players are getting paid still, correct?

  • Moe

    How else could he pay for the penile enlargement he was so in need of.

  • Jeff Nalin

    Stop acting like you’re insulted Frank, that’s for everyone in Los Angeles except you to do! Enjoy prison.


    No different than what the banks and the politicians did to the citizens of this country. The whole damn system is corrupt and broken.

    • Kman

      Bingo – he’s acting like the Federal gov’t does with tax revenue.

  • Kman

    Here’s the bad part of all of this, he’s lowering the ticket prices – guess what kind of Raider crowd that attracts?

  • Frank McCourt Under Investigation for Financial Misconduct While Owning Dodgers | :: Sparxxrx LLC ::

    […] League Baseball accused McCourt had “looted” $198 million from the team for personal use. His attorneys have vehemently denied […]

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