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Posts Tagged ‘Frank McCourt’

Dodgers Have No Interest in Paying Bryan Stow

The Los Angeles Dodgers are trying to wash their hands clean of the Bryan Stow assault.

The baseball organization asked U.S. Bankruptcy Judge Kevin Gross to dismiss a claim filed by Stow and his family shortly after owner Frank McCourt filed for bankruptcy.

Despite the reported 442 security personnel on hand for opening day last March, Stow still managed to get brutally attacked in the parking lot of Chavez Ravine, leaving him in a coma for months.

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Seventh Inning Dodgers Ownership Stretch Adds Joe Torre, Rick Caruso

As first tipped by New York Times columnist Richard Sandomir, there’s another group jumping into the Frank McCourt bankruptcy sweepstakes. And it’s a good one.

Former Dodgers manager Joe Torre has left his MLB executive position to join a bid led by The Grove and Americana on Brand developer Rick Caruso, in what would be a tremendous bit of local-karma competition for Magic Johnson‘s planned bid. There’s also another key person involved. Per Bill Shaikin‘s LA Times blog item this morning:

The investment banker working with Caruso and Torre is Byron Trott of BDT Capital in Chicago, described in this London Evening Standard article as the only banker Warren Buffett trusts.

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Mark Cuban Ready to Look at Dodger Books

The 2011 NBA trophy is parked in Mark Cuban‘s kitchen and Lamar Odom now wears a Mavericks uniform. So really, the colorful owner has no need to segue into baseball.

But this morning on the “Dan Patrick Show,” Cuban confirmed he’s still interested in buying the Dodgers and will approach the upcoming opening of the books like any other deal:

“My concern on the Dodgers is that someone is just going to come in and overpay. I’ve got a lot of money but I don’t have unlimited money, and to me, you’ve got to pay the right price because you don’t want all your money going to Frank McCourt.”

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Magic Makes a Play for the Dodgers

At this point, the question has become, who isn’t interested in buying the Dodgers? Everyone from Steve Garvey and Orel Hershiser to Larry King and Mark Cuban are in the mix.

Now, according to LA Times columnist Bill Plaschke, recently divested Lakers part-owner Magic Johnson plans to join the Frank McCourt bankruptcy sweepstakes:

Johnson would be the face of a high-powered ownership group that would include Stan Kasten, the former president of the Atlanta Braves and Washington Nationals, and Mark Walter, chief executive of Guggenheim Partners, a financial services firm that controls over $125 billion in assets. The firm is headquartered in Chicago and New York, with an office in Los Angeles.

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There Was a Frank McCourt Sighting Monday

Los Angeles Dodgers owner (for now) Frank McCourt made his first public appearance Monday since agreeing to sell the team, just hours after the news broke that center fielder Matt Kemp was close to signing a $160 million contract extension.

McCourt was at Mona Park in Compton with Kemp for a dedication to a youth baseball field.

The Los Angeles Times has some highlights from McCourt’s comments to the media:

What he would like say to the fans: “I’m very grateful to the fans. They have been phenomenal to me and my family since the day we arrived in L.A. I know the last couple years were very, very difficult. I’m very, very sorry about that. We’re going to move forward and handle the situation now in as professional a way as possible and make sure the baton is passed here in a classy way.”

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Sources: Fox Not Interested in Buying Dodgers

As soon as news broke Tuesday night that Frank McCourt had finally agreed to sell the Los Angeles Dodgers, rumors started swirling as to who would purchase the team.

You can scratch Fox from the list of prospective buyers as Los Angeles Times reporter Bill Shaikin tweeted Wednesday that the media giant isn’t interested in purchasing the team at this time.

With Fox out of the picture, Dodger fans are one step closer to a dream scenario where Dallas Mavericks owner Mark Cuban purchases the team.

“It all comes down to price,” Cuban told ESPNLosAngeles.com Wednesday morning via email. “It’s important to have more than enough money to pay players and invest in the organization.”

One can dream, right?

Bill Shaikin Elected President of BBWAA

Los Angeles Times sports reporter Bill Shaikin was elected president of the Baseball Writers’ Association of America at the organization’s World Series meeting Saturday.

Shaikin, who has done an excellent job of reporting the ongoing Frank McCourt saga, succeeds Ken Davidoff of Newsday as president.

Susan Slusser of the San Francisco Chronicle was elected vice president of the BBWAA, which puts her one step away from becoming the first woman to head the organization.

Traditionally, the vice president serves one year before becoming president.

Jamie McCourt Now Supports Media Rights Auction

Monday was a big day for Frank and Jamie McCourt, as the two confirmed their divorce settlement after months of public humiliation.

As part of the settlement, Jamie McCourt received $130 million and relinquished her share of the Los Angeles Dodgers, according to the Los Angeles Times.

In addition to her big payday, Jamie McCourt now supports the proposed auction of the team’s media rights. A spokesman for Frank McCourt released the following statement Monday:

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Los Angeles Angels Near New Deal with Fox?

The Los Angeles Angels are reportedly working on a new broadcast deal with Fox Sports, according to Bill Shaikin of the Los Angeles Times:

“In a court filing this week on behalf of Major League Baseball, Los Angeles sports media consultant Ed Desser said the Dodgers would be unlikely to succeed in launching a cable channel of their own, in part because they would not have “any other significant sports team” to join them. He noted that the Lakers are launching two channels of their own, the Pac-12 Conference is launching another for UCLA and USC, and the Kings and Clippers are bound to Fox.

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The Entire Fox Sports Lawsuit Against the LA Dodgers

Fox Sports filed a lawsuit Tuesday evening against the Los Angeles Dodgers to prevent a proposed sale of the team’s television rights.

Owner Frank McCourt proposed a media rights auction earlier this month in an attempt to raise enough money to keep the franchise. Fox Sports holds the Dodgers’ broadcast rights through the 2013 season.

Above is the entire lawsuit filed by Fox Sports in Delaware bankruptcy court.

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