Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Wednesday, December 07, 2011

MLB agreement says Frank McCourt must sell Dodgers by end of April - latimes.com

The Dodgers mess continues, at least for a little while longer.

Frank McCourt must divest himself of the Dodgers and their stadium by April 30 but has sole authority to decide whether he keeps or sells the parking lots surrounding the stadium, according to the terms of his sale agreement with Major League Baseball.

jimfurtado Posted: December 07, 2011 at 04:57 PM | 3 comment(s) Login to Bookmark
  Tags: dodgers

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. The Yankee Clapper Posted: December 07, 2011 at 06:36 PM (#4009392)
McCourt must transfer to the Dodgers' new owner a long-term lease that enables the team to use the parking area on game days. That lease entitles McCourt to build parking structures so he could use the land for development without losing a significant amount of parking spaces.

Under the sale agreement, prospective team owners can bid for the parking lots as well, but McCourt has "sole and absolute discretion" over whether to sell them. If he keeps the parking lots, he would retain an annual income stream of about $10 million.

A potentially messy arrangement.
   2. phredbird Posted: December 07, 2011 at 06:48 PM (#4009412)
so tj simers was right. he is the parking lot attendant.
   3. zachtoma Posted: December 07, 2011 at 10:09 PM (#4009653)
Did MLB have to give him that concession in order to get him to sell? Apparently so. I always thought the commissioner could force him out unilaterally or with a vote of the other owners, but I guess an agreement now means avoiding some of the messiness of bankruptcy court.

You must be Registered and Logged In to post comments.

 

 

<< Back to main

BBTF Partner

Dynasty League Baseball

Support BBTF

donate

Thanks to
Chicago Joe
for his generous support.

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogThese prospects could be taken in the Rule 5 Draft
(4 - 11:41pm, Dec 05)
Last: RoyalsRetro (AG#1F)

NewsblogHot Stove Omnichatter
(82 - 11:32pm, Dec 05)
Last: The Duke

NewsblogWho is on the 2024 Baseball Hall of Fame ballot and what’s the induction process?
(366 - 11:29pm, Dec 05)
Last: Never Give an Inge (Dave)

NewsblogBraves acquire Jarred Kelenic, Marco Gonzales, Evan White from Mariners
(16 - 11:25pm, Dec 05)
Last: The Duke

NewsblogOT Soccer - World Cup Final/European Leagues Start
(305 - 10:31pm, Dec 05)
Last: AuntBea odeurs de parfum de distance sociale

Hall of Merit2024 Hall of Merit Ballot Discussion
(173 - 9:46pm, Dec 05)
Last: Chris Cobb

NewsblogMookie Betts will be 'every-day second baseman' for Dodgers
(27 - 8:31pm, Dec 05)
Last: Howie Menckel

NewsblogAngels narrowly avoided the luxury tax
(10 - 8:20pm, Dec 05)
Last: Cris E

NewsblogForbes: For MLB, Las Vegas, And Oakland, The A’s Name And Brand Should Stay Put
(43 - 8:17pm, Dec 05)
Last: Cris E

NewsblogOT - NBA Redux Thread for the End of 2023
(145 - 4:51pm, Dec 05)
Last: kcgard2

NewsblogOrioles holding out for development rights as lease deadline nears
(3 - 12:45pm, Dec 05)
Last: birdlives is one crazy ninja

NewsblogOT - 2023 NFL thread
(82 - 12:01pm, Dec 05)
Last: It's regretful that PASTE was able to get out

NewsblogSources: Wade Miley back with Brewers on 1-year, $8.5M deal
(5 - 10:48am, Dec 05)
Last: RoyalsRetro (AG#1F)

NewsblogOT - November* 2023 College Football thread
(320 - 12:47am, Dec 05)
Last: AuntBea odeurs de parfum de distance sociale

NewsblogOT - College Football Bowl Spectacular (December 2023 - January 2024)
(7 - 8:43pm, Dec 04)
Last: Howie Menckel

Page rendered in 0.2015 seconds
48 querie(s) executed