February 22, 2010 |
The Dodgers could seek to keep their player payroll below last year's level through 2018 while the average ticket price and club revenue could nearly double, according to confidential financial documents included in a court filing last week. The documents, submitted by former Dodgers chief executive Jamie McCourt in divorce proceedings against owner Frank McCourt, offer a rare glimpse into the finances of a major league club. The documents -- prepared by the McCourt management team in May to solicit Chinese investors for a partnership that could have included the Dodgers, a soccer club in Beijing and another in the English Premier League -- show that the Dodgers spent $128 million in player compensation for their 40-man roster in 2007, then spent $123 million in 2008.
December 9, 2009 |
Frank and Jamie McCourt have "amicably resolved" the issue of how much money the Dodgers owner should pay to support his estranged wife for now, his lawyers said in a court filing Tuesday. The filing did not specify how the issue had been resolved. Jamie McCourt had asked for $488,000 per month in temporary spousal support. The "interim support" settlement would postpone a hearing scheduled for Tuesday, and clear one hurdle toward resolving the major legal question: Who owns the Dodgers?
October 28, 2009 |
The battle for Los Angeles' storied baseball team hit the courts Tuesday when former Dodgers chief executive Jamie McCourt filed a divorce petition laying claim to half of the team and other assets she valued at more than $1 billion. In the petition, filed in Los Angeles County Superior Court, Jamie McCourt claimed irreconcilable differences and asked for immediate reinstatement to the job from which her husband, Frank, fired her a week ago. Frank McCourt countered with his own filing, asking the court to declare him the sole owner of the team at once, then handle the larger divorce case later.
November 4, 2009 |
The Dodgers are the talk of the World Series, and not because of Matt Kemp. The buzz is about all those titillating details in the his-and-hers McCourt divorce filings, about how Frank fired his wife and branded her with a scarlet letter, about how the annual expenses Jamie claims she needs to maintain the lifestyle of a baseball owner are greater than the combined salaries of Kemp, James Loney, Clayton Kershaw, Jonathan Broxton and Chad Billingsley....
November 6, 2009 |
On the day the Angels re-signed Bobby Abreu to a multiyear deal, the future of the Dodgers started to take shape on the eighth floor of the Los Angeles Superior Court building. Slowly. While Jamie McCourt was denied her request to be immediately reinstated as the Dodgers' chief executive in an emergency hearing Thursday, the more important issue of whether she is a co-owner of the storied franchise along with soon-to-be ex-husband Frank McCourt did not become any clearer -- and probably won't be for some time.
March 23, 2010 |
After Frank McCourt wrapped up a spirited conversation with San Fernando Valley business leaders on Tuesday, he peeked inside the wrapping of his thank-you gift. He had a twinkle in his eye as he held the bottle of wine aloft. "With the off-season I've had, the fact that this has a cork is a good thing," he said. The acrimonious divorce between the Dodgers' owner and his estranged wife Jamie has dominated the off-season headlines. However, two weeks before the Dodgers open the defense of their National League West championship and two days after Frank McCourt's relaunch of the Los Angeles Marathon, he noted the question that has dogged him all winter did not follow him to the 26.2-mile race course.