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Results tagged “frankmccourt”
Source: Disney Family Wants to Put in a Bid for the Dodgers, Too

Source: Disney Family Wants to Put in a Bid for the Dodgers, Too

Add the Disney family to the growing list of bidders who would like to take over the Dodgers from outgoing owner Frank McCourt. more ›

Dodgers' Creditors Worried About a 'Massive Claim' in Bryan Stow Case

Dodgers' Creditors Worried About a 'Massive Claim' in Bryan Stow Case

The Dodgers say they're not to blame for the brutal parking lot beating of Giants fan Bryan Stow. But creditors are skeptical that the courts will see it that way and they're already predicting that the team's financial liability in the Stow case could be "massive." more ›

Magic Johnson Wants to Buy the Dodgers

Magic Johnson Wants to Buy the Dodgers

Basketball legend Magic Johnson is considering putting his immense fortune behind a different local sport: baseball. KTLA reports that Johnson has put in a bid to buy the Dodgers. The bid was announced today to the LA Times, and because he's so damn rich, Johnson has his money ready to go and is therefore ahead in the line-up of bidders. more ›

Villaraigosa Says an Angeleno Must Buy the Dodgers, Proposed Law Says Fans Should Own Team

Villaraigosa Says an Angeleno Must Buy the Dodgers, Proposed Law Says Fans Should Own Team

Now that Frank McCourt has agreed to sell the Dodgers, high-profile Angelenos are coming forward with suggestions as to who should buck up and purchase the fiscally shaky Major League Baseball franchise. If you ask L.A. Mayor Antonio Villaraigosa (you didn't, but, no surprise, he's offered) the answer is it must be a local. more ›

Dodger Fans Celebrate - But Be Careful What You Wish For

Dodger Fans Celebrate - But Be Careful What You Wish For

Late Tuesday night came words that most Dodger fans had hoped to read or hear for quite some time:

The Los Angeles Dodgers and Major League Baseball announced that they have agreed today to a court supervised process to sell the team and its attendant media rights in a manner designed to realize maximum value for the Dodgers and their owner, Frank McCourt. The Blackstone Group LP will manage the sale process.
more ›

Dodgers' Lawyer Says Bryan Stow Might Deserve Some Blame For His Brutal Attack

Dodgers' Lawyer Says Bryan Stow Might Deserve Some Blame For His Brutal Attack

The legal team for the Dodgers is doing everything in its power to beat back a $50 million civil suit filed against the team by the family of Bryan Stow — even blaming Stow himself for his own beating. more ›

MLB Claims Frank McCourt 'Looted' $189 Million

MLB Claims Frank McCourt 'Looted' $189 Million

Frank McCourt's woes don't seem to be going away any time soon. According to KTLA, the owner of the Dodgers is now being accused by Major league Baseball of "looting" $189 million from the team's earnings, and funneling it into personal use. MLB commissioner Bud Selig claims that McCourt siphoned off funds from parking revenue, used other funds to pay off personal debts, and put still more of the Dodgers' money towards "personal distribution." more ›

Divorce McCourt: Jamie Will Give Up All Claims to the Dodgers in Settlement

Divorce McCourt: Jamie Will Give Up All Claims to the Dodgers in Settlement

It's been a long, arduous, and contentious battle, and it appears it's coming to an end: Frank and Jamie McCourt's high-profile divorce is about to be settled, reports the L.A. Times, and as part of the agreement, Jamie McCourt will agree to give up any claims on the Los Angeles Dodgers. more ›

Extra, Extra

Extra, Extra

In tonight's Extra, Extra, rumors of Tony Danza's demise have been greatly exaggerated, Gaddafi has a Hollywood connection and Frank McCourt receives a record offer for the Dodgers. Plus: Keep up with us on Facebook, and follow us on Twitter: @LAist @LAistFood @LAistSports. more ›

Bankruptcy Court Orders Dodgers to Take Baseball's Loan

Bankruptcy Court Orders Dodgers to Take Baseball's Loan

United States bankruptcy judge Kevin Gross earlier on Friday ordered against Dodgers’ owner Frank McCourt and the $150 million loan he obtained from Highbridge Senior Loan Fund, a hedge fund operation. Instead McCourt will be forced to “deal with the devil” and negotiate with Major League Baseball and Commissioner Bud Selig. more ›

Dodgers' Proposed Financing Plan Strikes Out With Judge

Dodgers' Proposed Financing Plan Strikes Out With Judge

In the throes of bankruptcy proceedings, the Los Angeles Dodgers have been delivered a big old strike out, as a Delaware judge rejects their proposed $150 million financing plan. The decision was part of an eight-page document released by the judge following two days of hearings about the Dodgers' plan and Major League Baseball's plan. more ›

LAst Night's Action: The Misery Continues

LAst Night's Action: The Misery Continues

The first pitch Chad Billingsley made in the bottom of the fourth inning went a couple of feet short of being deposited into McCovey Cove. Nonetheless there was no doubt that ball was a home run from the instant it left Pablo Sandoval’s bat. And there was never any doubt that despite the Giants only taking a 1-0, there would be no way for the Dodgers to mount a recovery. more ›

No Angels in the Outfield for the Dodgers

No Angels in the Outfield for the Dodgers

While flipping through the channels this morning, I landed on Turner Classic Movies which was airing the 1951 Angels in the Outfield starring Janet Leigh. Like the 1994 Disney remake of the schmaltz-fest, it features a joke of a baseball team who gets the help of angels to win the pennant. Unlike the 1994 remake, the schmaltz is tolerable because Janet Leigh was involved. Oh and instead of the California Angels, the team represented was the Pittsburgh Pirates. more ›

Can MLB Terminate the Dodgers?

Can MLB Terminate the Dodgers?

The attorneys for Frank McCourt and MLB have agreed that McCourt can use the $150 million loan he obtained to continue to finance the Dodgers. The U.S. bankruptcy court will hold a hearing on July 20 where MLB will seek to replace the hedge fund financing for their own. The loan carried an interest rate of at least 10% with a $4.5 million fee while the MLB loan would only carry an interest rate of 7%. more ›

Dodgers Bankruptcy: MLB Says "Oh No You Di'int"

Dodgers Bankruptcy: MLB Says "Oh No You Di'int"

News that the Los Angeles Dodgers have filed for Chapter 11 bankruptcy protection inspired a multitude of reactions yesterday from fans, civic leaders, other ball teams, and media talking heads, however today one of the big'uns has spoken. Major League Baseball has formally objected to the bankruptcy filing. more ›

Dodgers File for Chapter 11 Bankruptcy

Dodgers File for Chapter 11 Bankruptcy

Today the Los Angeles Dodgers filed for Chapter 11 bankruptcy protection, with owner Frank McCourt claiming that the cause was Major League Baseball Commissioner Bud Selig's unwillingness to approve the proposed television deal with Fox, according to the L.A. Times. more ›

Steve Soboroff Resigns As Dodgers Vice Chairman

Steve Soboroff Resigns As Dodgers Vice Chairman

Effective immediately, Steve Soboroff, hired April 18 "to tackle security issues" following the Opening Day beating of Bryan Stow, has resigned as Dodgers vice chairman, writing in a letter to Frank McCourt that actions by the MLB commissioner made it impossible for him to work effectively, according to MLB.com. more ›

Extra, Extra

Extra, Extra

In tonight's Extra, Extra, find your local beer garden, yarn takes to the streets, no 4th of July fireworks for one LA neighborhood, and Frank McCourt speaks...sort of. Plus: Keep up with us on Facebook, and follow us on Twitter: @LAist @LAistFood @LAistSports. more ›

The Battle of the McCourts Is Over... Sort Of

The Battle of the McCourts Is Over... Sort Of

According to Bill Shaikin of the LA Times, Frank and Jamie McCourt have agreed to a divorce settlement. While their bickering is over for now, there are still two crucial decisions that hang over the future of the Dodgers. more ›

Frank McCourt Owns Everything; Divorce Could Affect LA Marathon

Frank McCourt Owns Everything; Divorce Could Affect LA Marathon

As Frank McCourt makes his way through his gnarly divorce proceedings, the fate of the LA Dodgers hangs in the balance -- and so, reports the LA Times, does another LA athletic institution: the LA marathon. Little did you know that one individual could own a marathon, but they can, and McCourt does. The Times reports that McCourt "bought the marathon" three years ago, and has been working to dust it off and make it over ever since. more ›

Frank McCourt Says He Can Pay the Dodgers Next Week

Frank McCourt Says He Can Pay the Dodgers Next Week

The Dodgers continue to struggle on the field at half-empty Dodger Stadium as McCourt is sounding more and more like J. Wellington Wimpy. McCourt told MLB officials that he'll be able to meet team payroll next week, according to the LA Times. more ›

Jamie McCourt Asks Divorce Judge to Demand Immediate Sale of Dodgers

Jamie McCourt Asks Divorce Judge to Demand Immediate Sale of Dodgers

Jamie McCourt asked a judge to order her ex-husband and current Dodgers owner Frank to sell the team immediately in L.A. Superior Court today, according to MLB.com. Citing Frank McCourt's mismanagement of the organization and its finances, Jamie filed the motion in hopes to cash out before the team's value decreases any further. more ›

Frank McCourt Blames High Roller Lifestyle for Divorce, Dodgers Drama

Frank McCourt Blames High Roller Lifestyle for Divorce, Dodgers Drama

Dodgers owner (in name only) Frank McCourt finally opened up about the lavish, careless lifestyle that inevitably led to his divorce and ensuing drama attempting to maintain control of the Dodgers and pay the team on time. "I became a caricature of myself - and I became a caricature of somebody who was uncaring - unfeeling - excessively living - bad guy - and that's just not who I am," McCourt told Good Morning America's Abbie Boudreau. more ›

McCourt Needs Another Loan to Meet Dodgers' May Payroll

McCourt Needs Another Loan to Meet Dodgers' May Payroll

Frank McCourt all-but lost ownership of the Dodgers when it was revealed that he needed a $30-million loan from Fox to pay the team last month. McCourt faces a similar conundrum this month... more ›

The Battle of Dodger Stadium Just Getting Started

The Battle of Dodger Stadium Just Getting Started

Like sand through the hourglass, so are the days at Dodger Stadium. On Wednesday we were treated with dueling press conferences between Dodgers’ owner Frank McCourt in New York City and Major League Baseball representative Tom Schieffer who was appointed by Commissioner Bud Selig to oversee finances and operations of the Dodgers. At the end of the day nothing seemed to be what it was. more ›

Extra, Extra

Extra, Extra

In tonight's Extra, Extra, McDonald's gets served, tolerance is promoted by a highly unlikely duo, Frank McCourt stands his (shaky) ground, and the victim of yesterday's parking garage crash is ID'd. Plus: Keep up with us on Facebook, and follow us on Twitter: @LAist @LAistFood @LAistSports. more ›

Steve Soboroff Responds to MLB Takeover of Dodgers

Steve Soboroff Responds to MLB Takeover of Dodgers

A day after Major League Baseball took over the operations and finances of the Los Angeles Dodgers, Soboroff came out swinging on behalf of beleaguered owner Frank McCourt calling the move “irresponsible.” Soboroff was especially vocal in his belief that this move was indeed a coup d’état by MLB commissioner Bud Selig. more ›

The Empire Strikes Back: Dodgers Edition

The Empire Strikes Back: Dodgers Edition

The empire has struck back in the land of Dodger blue. Major League Baseball will oversee all aspects of the business and day-to-day operations of the club in addition to continuing the investigation of the operations and finances of the Dodgers during owner Frank McCourt’s reign. more ›

Major League Baseball Takes Over Dodgers

Major League Baseball Takes Over Dodgers

The end is near. Major League Baseball released an official statement at 5:04 p.m. ET that the league will take over finances and operations of the Dodgers. Says Commissioner Bud Selig in the release, more ›

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