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.

Rays moving spring camp due to damage caused by hurricane

Nathan Ray Seebeck-USA TODAY Sports
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ST. PETERSBURG, Fla. – The Tampa Bay Rays are relocating their spring base for 2023 due to extensive damage to team training facilities caused by Hurricane Ian.

The Rays have trained since 2009 in Port Charlotte, Florida, about 90 minutes south of St. Petersburg, and intend to explore several options before making a decision on where to hold spring training and play Grapefruit League games when camp opens.

The team and Charlotte County released a joint statement Thursday, saying damage to Charlotte Sports Park in Port Charlotte can’t be repaired in time to host games this winter.

“Charlotte County supports the Rays efforts to secure alternative accommodations for 2023 spring training,” the statement said.

“We are all disappointed for the residents of Charlotte County and the fans there. The community is in the thoughts and hearts of the Rays, and the team will continue to support recovery efforts,” the statement added. “The Rays and Charlotte County intend to develop a restoration plan for Charlotte Sports Park in the coming weeks.”