Dallas Mavericks owner Mark Cuban said on TMZ that he would have interest in buying the Dodgers under the right circumstances. But Cuban suggests it could be a while - maybe 20 years - before the Dodgers are on the right track again. “It's just such a mess, right,” Cuban said. “I can’t imagine that it’s not going to be such a mess that it’s going to make it hard to turn around.”
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WSJ Whoa. Everyone’s least favorite troubled baseball team, the Los Angeles Dodgers, just filed for bankruptcy protection, as Deal Journal colleague Matt Futterman is reporting.
CLICK HERE to read the Dodgers bankruptcy court filing.
The best part of the filing is the list of people to whom the Dodgers owe money — including retired slugger Manny Ramirez. The Dodgers say they owe Ramirez $21 million. Vin Scully, the beloved longtime baseball announcer, is owed about $153,000, according to the bankruptcy filing.
The bare bones document — we should have more in the next day or so — estimates the Dodgers assets at $500 million to $1 billion, and lists its estimated liabilities at $0 to $50,000. As Futterman is reporting, the Dodgers are filing for Chapter 11 bankruptcy protection to keep the team out of the hands of Major League Baseball.
The Dodgers have filed for bankruptcy. Frank McCourt is doing all he can to prevent Major League Baseball from taking over the Dodgers, and the bankruptcy filing might buy him a couple of days. But the fact is he cannot meet payroll, and that alone should be reason enough for Bud Selig and MLB to step in and seize control. McCourt will eventually be pushed out. It's an ugly mess with the trade deadline fast approaching.
I kind of feel sorry for McCourt, but then I admit I don't know the entire story/situation. I wouldn't be surprised if his wife/ex wife will make out pretty damn good, these bitches always do. it's a shame really that when couples get divorced the woman gets half the man's stuff.
if MLB takes over the Dodgers, how does that work for trades? what type of effect will it have on the Dodgers this season if any? the on field baseball really shouldn't change? I currently own 3 of the Dodgers starting pitchers, Kershaw/Billingsley/Kuroda.
SpecialFNK wrote:I wouldn't be surprised if his wife/ex wife will make out pretty damn good, these bitches always do. it's a shame really that when couples get divorced the woman gets half the man's stuff.
they've been married for 30 plus years. Actually, they have been together for their entire adult life ..
While I do agree that Jamie is a bitch for going after half the ownership of the Dodgers, of which she has a dubious claim to, I can't fault her for it. California common law is so liberal that they'll gladly shake-down the man in a divorce to better provide for the woman. The judge basically threw out Frank's pre-nuptial agreements and enforced CA common law... there's really nothing you can do about that.
The thing I can't forgive Frank for is the fact that he's so heavily leveraged that he can't even meet payroll. Frank is not rich. He owns a lot of property which has lost tons of value, and most of it is going to his ex-wife. He's so financially unstable right now that he needs the FOX deal to take hundreds of millions off of it to pay off his own personal things - divorce settlement, legal fees, back-taxes. Needless to say, that is not good for the Dodgers, not good for baseball, and Frank really ought to just leave. I will not attend another game or buy another piece of Dodgers merchandise until the team has another owner, even if that owner is Bud Selig.