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Friday, July 29, 2011

Jamie McCourt-Ron Burkle ‘deal’ is denied

MLB initially claimed Frank McCourt had diverted more than $100 million from team revenue for personal use.

In a generally unrelated filing in divorce court, attorneys for Frank McCourt dismissed that claim as “patently false.”

“Even taking the commissioner’s false claim that $100 million was taken out of the Dodgers at face value,” the filing read, “it is difficult to understand how the commissioner can complain about this when he pays himself a salary of approximately $20 million a year — meaning that he has taken out between $120 million and $140 million from baseball revenues during the same period that he complains about $100 million being taken out by the owner of a team.”

Selig’s annual salary is $18.35 million, according to the most recent MLB tax documents available online.

In response, MLB Executive Vice President Rob Manfred agreed that McCourt had not taken $100 million from the team.

“He took a lot more than that,” Manfred said in a statement.

No real breaking news here, I just couldn’t help sharing the latest in the ongoing pissing match between McCourt and MLB.

The John Wetland Memorial Death (CoB) Posted: July 29, 2011 at 06:37 AM | 5 comment(s) Login to Bookmark
  Tags: dodgers

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   1. Shooty Survived the Shutdown of '14! Posted: July 29, 2011 at 12:02 PM (#3888121)
Oh yeah, but what about how much MLB has taken out of me!
   2. Joe Kehoskie Posted: July 29, 2011 at 12:24 PM (#3888125)
Taking potshots at Bud Selig's owner-approved salary is about as scorched-earth as it gets. This whole saga gets more astonishing by the day. Even if everything goes McCourt's way and he's able to retain the Dodgers, it's hard to imagine him strolling into owners' meetings multiple times per year for the next 5 or 10 years, as if none of this had ever happened.
   3. Shooty Survived the Shutdown of '14! Posted: July 29, 2011 at 12:53 PM (#3888132)
I'm guessing McCourt understands Selig's salary is a different animal that borrowing money against the Dodgers' assets so you can buy the 25 million dollar house across the street because it has a nicer pool. Then again, he might not.
   4. GregQ Posted: July 29, 2011 at 01:10 PM (#3888140)
I am surprised that McCourt has not gone after Selig's actions as an owner. Didn't he get a loan from the owner of the Twins and when it was revealed that it violated MLB rules he shrugged and said something along the lines of "well we write the rules".
   5. Shooty Survived the Shutdown of '14! Posted: July 29, 2011 at 01:21 PM (#3888143)
I am surprised that McCourt has not gone after Selig's actions as an owner. Didn't he get a loan from the owner of the Twins and when it was revealed that it violated MLB rules he shrugged and said something along the lines of "well we write the rules".

The sad thing about all this is McCourt could have learned from Selig the correct way to make yourself fabulously wealthy from owning an MLB team.

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