Frank McCourt could lose the Dodgers but remain their landlord


Remember how Frank McCourt, upon buying the Dodgers, split the team’s assets up into multiple different businesses and holding companies and things?  Yeah, that couldn’t even lead to a depressing outcome. Bill Shaikin:

When McCourt bought the Dodgers in 2004, the purchase included the team, Dodger Stadium and the surrounding parking lots. He has since divided those assets among separate companies, providing the embattled Dodgers owner with a possible claim to the stadium and the land even if he loses the team … In theory, McCourt could sell the Dodgers, then make more money from renting the stadium to the new owner, taking a cut of parking revenue and reaping the benefits of future development within the parking lots.

This reminds me of Wayne Huizenga and the Florida Marlins. Whereas McCourt has screwed up the Dodgers via ineptitude, Huizenga just burned the Marlins down following their 1997 World Series championship. Then, after selling the team, he held on to huge chunks of team parking and concession revenues because those things were separate from the ballclub itself.  And there was (Is? Does Wayne still have this stuff?) nothing more depressing to Marlins fans than knowing that the guy who destroyed a championship team was making more money off the Marlins than the Marlins were.

Unlike Florida, however, there could be obstacles to McCourt serving as the Dodgers’ landlord. For one thing his ex-wife will claim a stake in all of those ancillary interests, so she will either have to be bought out of them or else will they will have to be sold, with the most likely bidder being whoever ends up buying the team (and anyone who wants the club will almost certainly want the stadium too).

Shaikin also suggests that Major League Baseball could say something about it, but it’s not quite clear to me how that’s possible given that their rules apparently don’t prohibit busting up team assets like that and their authority seems to extend to management of the club, not management of the owners’ assets.

My hope is that McCourt can’t hold onto the ballpark and parking lots because he’s too leveraged to do so. Given his track record, it’s probably a reasonable hope.

Wade Miley exits spring start with groin strain

Rob Carr/Getty Images
Leave a comment

Attempting to make a play on a bunt during Wednesday’s split-squad game against the Athletics, Brewers starter Wade Miley suffered a strained left groin, Tom Haudricourt of the Milwaukee Journal Sentinel reports. Miley will undergo an MRI to determine the severity of the injury. On the afternoon, he gave up two runs on three hits and three walks with three strikeouts in four innings.

Miley, 31, signed a minor league contract with the Brewers last month. He had been having a solid spring until last Friday, when he served up seven runs in three innings against the Reds. The lefty had been battling for a spot in the Brewers’ rotation but this injury may take him out of the running.

Last season with the Orioles, Miley made 32 starts spanning 157 1/3 innings, posting a 5.61 ERA with a 142/93 K/BB ratio.

With the Jake Arrieta, Lance Lynn, and Alex Cobb signings recently, many wondered why the Brewers didn’t make a move. They may regret not having done more.

In related news, reliever Boone Logan also left with an injury on Wednesday, per Haudricourt. The Brewers should have more on both players’ statuses later.