Frank McCourt could lose the Dodgers but remain their landlord

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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.

Nationals promote 19-year-old prospect Juan Soto

SportsLogos.net
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The Nationals recalled 19-year-old outfield prospect Juan Soto from Double-A Harrisburg on Sunday, per a team announcement. Soto is poised to become the youngest player in the league once he makes his official debut with the club, and the Nationals’ first teenager to enter the majors since Bryce Harper made his first appearance back in 2012.

Entering the 2018 season, Soto was ranked no. 2 in the Nationals’ system and 15th overall. He’s certainly lived up to the hype during his first two years of pro ball, blazing through Single-A, High-A and Double-A levels in 2018 alone. While he logged just eight games at the Double-A level prior to his promotion to the majors, he proved consistent across all three levels this spring and slashed a cumulative .362/.462/.757 with 14 home runs and a 1.218 OPS in 182 plate appearances.

It’s not entirely clear how soon or in what capacity the Nationals will utilize their youngest player, but Soto’s tear through the minors is sure to pave the road for a few opportunities on the big-league level. He’ll be available off the bench for Sunday’s series finale against the Dodgers.