The Dodgers' owners are splitting up

Leave a comment

This is the sort of thing that can cause a team serious trouble:

Dodgers owner Frank McCourt and his wife Jamie, the team’s chief executive, have separated, raising questions about the potential effect of their rift on the ownership of the franchise as the Dodgers prepare to start the National League Championship Series against the Philadelphia Phillies today at Dodger Stadium.

“This is a personal matter and they request that their privacy be respected. They will be making no public statements,” they said in a release issued by the club late Wednesday.

Trouble, because when a divorcing couple owns an asset valued at $722 million, in a community property state like California, there are two options: (1) one of the owners buys out the other’s share; or (2) they sell the asset and split the proceeds.

According to the article, major league officials do not believe either spouse could afford to buy out the other and still maintain a financial reserve sufficient to run the club without taking on financial partners. Sure, there is a reference in the article to the possibility of a prenup, which could short-circuit all of this, but it’s not like the McCourts were married yesterday.  They got married in 1979, and back then Frank McCourt was merely the owner of a two year-old parking lot development company. In light of that, it strains credulity that there’s a prenup in place that covers the hundreds of millions of dollars the McCourt family has earned over the past three decades, especially given the fact that Jamie McCourt — the Dodgers’ current CEO — appears to have played a much more active role in Frank McCourt’s businesses than most spouses do. And even if it arguably does, a court’s skepticism and disregard for a given prenup increase the longer a given marriage lasted.  Thirty years is a long time as far as these things go. Any prenup the McCourt’s have could conceivably be ignored.

We saw this dynamic play out in San Diego over the past year, where Padres’ owner John Moores — rich, but not in possession of all the much in the way of liquid assets — had to slash payroll and then enter into some farkakte, slow-motion sale of the team to Jeff Moorad.  It’s a situation that will, in all likelihood, serve to hamstring the Padres for several years.  Will such a thing happen in L.A.?  Frank McCourt’s lawyer is quoted in the article saying no, but then again, he’s Frank McCourt’s lawyer so he’s going to say stuff like that.  The fact of the matter is that given Jamie McCourt’s job with the team, the breakup will no doubt will cause some level of disruption even if the financial repercussions are somehow sorted out, and like I said, the chance of that happening with no drama is pretty low.

The biggest question arising all of this, however, is why the McCourts are announcing this now (this came via a Dodgers’ official statement).  The team starts the NLCS tonight and you’d think that the owners would want nothing short of 100% positive juju right now.  One possibility?  They’re just bad at P.R.  A more plausible possibility: some reporter was about to break the news on this in a way the McCourts don’t like — say, with some unflattering or even ugly details — and they wanted to get out in front of it.

Either way, this is shaping up to be a pretty damn momentous week in Dodgerland.

Gary Sanchez hits 20th homer, ties 86-year-old record

NEW YORK, NY - AUGUST 26: Gary Sanchez #24 of the New York Yankees rounds first base on a 2-RBI double during the second inning against the Baltimore Orioles at Yankee Stadium on August 26, 2016 in the Bronx borough of New York City. (Photo by Adam Hunger/Getty Images)
Adam Hunger/Getty Images
Leave a comment

Yankees catcher Gary Sanchez blasted a two-run home run off of Red Sox starter David Price in the bottom of the first inning of Tuesday night’s game. It’s his 20th homer of the season, tying a record held by Wally Berger for the fastest to 20 homers, per MLB.com’s Bryan Hoch. Both did so in 51 career games. Berger did so with the Boston Braves in 1930.

Sanchez came into Tuesday’s game hitting a ridiculous .315/.388/.690 with 19 home runs and 40 RBI in 209 plate appearances. He’s a big reason why the Yankees are still in contention for the American League Wild Card despite selling at the trade deadline.

Video: Sen. Marco Rubio pays his respects to Jose Fernandez

MIAMI, FL - AUGUST 29:  Florida Sen. Marco Rubio (R-FL) is seen as he stops to thank volunteers at a phone bank on the final day before the Florida primary election on August 29, 2016 in Miami, Florida. Rubio is facing off against Carlos Beruff for the Republican primary.  (Photo by Joe Raedle/Getty Images)
Joe Raedle/Getty Images
1 Comment

Senator Marco Rubio (R-FL) paid tribute to late Marlins pitcher Jose Fernandez by recounting his life story and explaining the impact the right-hander had on his family, his community, and baseball fans.

No matter your politics, we can all recognize Rubio’s tribute to Fernandez as heartfelt and true.