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Great article. It’s heartbreaking that the fate of the franchise could lie in the courts.
It’s heartbreaking that Selig and MLB let a franchise get to the McCourts using odd leverage scheming in the first place. Hopefully a sell-off will be required and someone of high moral character and sound mind will be at the helm. Orel? Fred? Vin? Kirk? Mike? Ross? Steve? Tom? Alfredo? Mariano Mickey? Want to put together an ownership group to save the sports pride of LA?
I have mixed feelings about the McCourts. They’ve leveraged against a lot of property owned by the team and taken some sizeable distributions, but the Dodgers have done significantly better since they bought the club and it’s also nearly doubled in value. News Corp was bleeding cash when they owned it. Once the team’s deal with Fox expires in a couple years, they’ll be able to start up their own network like the Yankees have done and revenues will climb even higher.
Peter O’Malley (the former owner) voiced the opinion yesterday that McCourt should sell the team regardless of what happens to bring some stability back. I tend to think the devil you know is better than the devil you don’t. If McCourt can get out of court still owning the Dodgers, which I think he probably will despite the mixup with the post-nup, things will probably be okay.
If not, then maybe the third time’s the charm for Mark Cuban. ;o)