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.