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Monday, May 07, 2012

Magic Johnson Lied To Dodger Fans About Frank McCourt’s Role In Parking Lots

Liar, liar, Magic’s a liar!!

Magic Johnson stood up on a podium at Dodger Stadium on Wednesday and flat-out lied to Dodger fans.

Johnson, the front man for the team’s new ownership group, said that ex-owner Frank McCourt was “not involved in any shape or fashion” with the team. He also said McCourt would not get any of the parking revenues.

Thanks to bthomas.

Jim Furtado Posted: May 07, 2012 at 01:54 PM | 18 comment(s) Login to Bookmark
  Tags: dodgers, economics

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   1. RoyalsRetro (AG#1F) Posted: May 07, 2012 at 02:21 PM (#4125498)
What a disgrace! I already miss the old owner.
   2. Pasta-diving Jeter (jmac66) Posted: May 07, 2012 at 02:31 PM (#4125506)
He's almost as big a liar as Andy Pettitte
   3. Drew (Primakov, Gungho Iguanas) Posted: May 07, 2012 at 02:32 PM (#4125507)
The bar is so low an ant couldn't limbo under it.
   4. Juan Uribe Marching and Chowder Society Posted: May 07, 2012 at 02:51 PM (#4125516)
I didn't think McCourt's tenure was that bad. An MVP-caliber half season from Manny for free, Ethier-for-Bradley, two straight NLCS berths, holding onto Kemp, Kershaw, et al. despite trade demands, drastically increasing the team's value....
   5. boteman is not here 'til October Posted: May 07, 2012 at 03:24 PM (#4125546)
Just imagine: a group of gazillionaires telling a fib. Who knew???
   6. You Know Nothing JT Snow (YR) Posted: May 07, 2012 at 03:24 PM (#4125547)
I knew he was a liar since I heard him say, "We're going to have a great show tonight!"
   7. Jon W Posted: May 07, 2012 at 03:27 PM (#4125549)
The news of a lease payment to the McCourts for the parking land is nothing new, and Magic was clearly referring to revenue from game parking receipts - which in fact McCourt is not getting.
   8. Gold Star - just Gold Star Posted: May 07, 2012 at 03:57 PM (#4125583)
I don't know what people expected from the Magic group as far as limiting Frank's involvement. Once it was determined the parking lot was _not_ part of the team and therefore didn't have to be sold, McCourt would have some involvement no matter what.
   9. Brian C Posted: May 07, 2012 at 04:21 PM (#4125602)
I haven't been following this story very closely, and I don't really understand the nature of the allegations here. So McCourt will still get a few bucks from the parking lot, so what? What substantial impact is this supposed to have on the day-to-day operations of the Dodgers? Is there anything more to this than people hating McCourt and wanting to see him burn?
   10. phredbird Posted: May 07, 2012 at 04:43 PM (#4125626)
Guggenheim Baseball agreed to a 99-year lease with the company that owns the parking lots, a joint venture between McCourt and an entity affiliated with the new team owners. Walter said McCourt would get some portion of the annual $14-million rent, after accounting for expenses and return on investment.

The $10 Dodger Stadium parking fee will be collected by Guggenheim. Aside from the annual lease payment, Walter said McCourt would not share in any team revenue, including parking fees.


the above are the nut graphs from shaikin's may 4 story about how parking lot income is being divvied up. they seem to sort of contradict each other. is walter saying that after expenses and return on investment there isn't anything for mccourt? i heard somewhere else that the income from the parking that mccourt is entitled to is going to service his debt. but i don't have any source for that.
   11. Gonfalon Bubble Posted: May 07, 2012 at 05:37 PM (#4125678)
This is the worst thing ever to happen to Magic Johnson.
   12. valuearbitrageur Posted: May 07, 2012 at 06:35 PM (#4125728)
The news of a lease payment to the McCourts for the parking land is nothing new, and Magic was clearly referring to revenue from game parking receipts - which in fact McCourt is not getting.


You also must have helped run the Bush White House effort to justify the Iraq invasion.
   13. PepTech Posted: May 07, 2012 at 06:41 PM (#4125731)
There's children we can take away, right?
   14. Squash Posted: May 07, 2012 at 07:37 PM (#4125772)
An MVP-caliber half season from Manny for free, Ethier-for-Bradley, two straight NLCS berths, holding onto Kemp, Kershaw, et al. despite trade demands, drastically increasing the team's value....

I've been wondering lately where all the mediots are who were demanding the Dodgers trade Kemp not so many years ago because he was a young punk who didn't respect the game?
   15. Gold Star - just Gold Star Posted: May 07, 2012 at 07:41 PM (#4125775)
I've been wondering lately where all the mediots are who were demanding the Dodgers trade Kemp not so many years ago because he was a young punk who didn't respect the game?
Those started to die down when Jeff Kent left the club. WHAT A CO-INKY-DINK.
   16. Robert in Manhattan Beach Posted: May 07, 2012 at 07:45 PM (#4125776)
I've been wondering lately where all the mediots are who were demanding the Dodgers trade Kemp not so many years ago because he was a young punk who didn't respect the game?

They are still around, congratulating themselves for helping bring out the best in Matt Kemp.
   17. Run, Mookie, Run Posted: May 07, 2012 at 08:03 PM (#4125788)
I'm not a Dodger fan, so I'm more upset that Earv kept referring to Vin Scully as "Vince"

http://mlb.mlb.com/video/play.jsp?content_id=21092339&source=MLB
   18. tshipman Posted: May 07, 2012 at 08:04 PM (#4125789)
You also must have helped run the Bush White House effort to justify the Iraq invasion.


Do you think Baghdad Bob sent Frank McCourt his resume? "Look, you need a PR person, and I have experience working in this kind of environment."

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