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Statement from Frank McCourt's attorney regarding rejection of Dodgers deal with Fox Sports

Fabforum Statement from Frank McCourt's attorney, Steve Susman:

“We are extremely disappointed with the Commissioner’s rejection of the proposed FOX transaction which would inject $235 million into the Los Angeles Dodgers.  As Commissioner Selig well knows, this transaction would make the Dodgers financially secure for the long term and one of the best capitalized teams in Major League Baseball.
 
“For  weeks Major League Baseball  has consistently made public pronouncements asserting that Jamie McCourt’s agreement of the Fox transaction also was needed; that the Court adjudicating the McCourt divorce grant its approval of the transaction; and the Dodger organization provide all data requested by Major League Baseball to satisfy the so-called investigation ordered by  Commissioner Selig last April – the latter also being the excuse he gave at that time  for delaying his approval of the proposed FOX transaction.

“All the requirements for the Commissioner to approve the FOX transaction were put in place by last Friday: Frank and Jamie McCourt entered into an agreement based on the proposed transaction; the Court ordered, among other things, that the FOX transaction is 'in the best interest of the Los Angeles Dodgers and should be consummated immediately;' and all information requested by Major League Baseball under its so-called investigation has been provided by the Dodgers. 
 
“Commissioner Selig’s letter of rejection is not only a disappointment, but worse, is potentially destructive to the Los Angeles Dodgers, and Major League Baseball.  Accordingly, we plan to explore vigorously our options and remedies with respect to Commissioner Selig’s rejection of the proposed FOX transaction and our commitment to protect the long-term best interests of the Los Angeles Dodgers.” 

RELATED:

MLB rejects deal between Dodgers and Fox Sports

MLB statement on Dodgers-Fox deal

Frank and Jamie McCourt talk Dodgers future, divorce settlement

PHOTOS: The Dodgers and the McCourts

-- Bill Shaikin

Photo: Frank McCourt. Credit: Damian Dovarganes / Associated Press

 

 
Comments () | Archives (67)

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I guess June 22 is the next critical date. I would imagine that Frank doesn't have a chance of prevailing on his assertion that he still owns the team by himself. His attorney royally screwed up and he has to live with that. If the team is community property, then Jamie will again ask for the team's immediate sale. There is no way she can wait for everything to play out with MLB. She may have to wait years. No, the only solution is for Jamie to request the sale and for the Judge to order it immediately. Then, and only then, do we have hope for a quick resolution. Otherwise, this thing will take years. We'll look like the Expos after all is said and done if that happens.

AN OPEN LETTER TO FRANK McCOURT: CC:

Frank McCourt,
We the fans of the Los Angeles Dodgers request the immediate dismissal of your ownership in the form of a sale of the Los Angeles Dodgers franchise and all related entities effectively relieving you of all ties to this historic heirloom. As “steward” of the Dodgers, you have failed to ...represent the qualities of class and integrity, and have failed to uphold the rich traditions that have made this once proud franchise one of the most respected and admired institutions in all of sports. Your offenses are many, and you are broke, incompetent, untrustworthy, pompous, but even worse still, your lingering presence serves only as a rodent-like infestation in the heart of Dodgertown—Frank you are a rat.

To you Frank, it is very apparent that the only value a sports franchise ever had was the one that would feed your ruthless appetite for money. After your bid for the Boston Red Sox and interest in the Anaheim Angels, the Dodgers finally fell victim to your parasitic attachment the day Commissioner Selig granted you the opportunity to finance every ounce of this team. The lavish personal gains and your family’s reckless lifestyle came at the expense of Major League Baseball, the city of Los Angeles, and Dodger fans around the world. We as fans have no voting rights, we are no shareholders of your firm, but we have been voting with our pocket books and will continue to do so until your name is erased from the latest entries in the coming chapters of Dodger history. Your misrepresentation of the Dodger brand greatly diminishes its value as long as you are associated to it, and in essence, you are holding the great Dodger name hostage from generations of adoring fans. We shudder at the thought that two of the most beloved personalities in baseball, Vin Scully and Tom Lasorda, are subjected to your selfish agenda and circus act as they continue toward the twilight of their wonderful illustrious careers in serving of this proud treasure. Your association has become intolerable and likewise many of your appointed executives, namely Steve Soboroff and, your shadow, Howard Sunkin—you can take those two henchmen with you as well. Frank, we don’t want you.

We Love Our Dodgers. We Deserve Better.

Sincerely, the Dodger faithful, members of Frank McCourt: Sell the Dodgers! Leave LA!

willb3=Tom1201=Steve Soboroff

Frank, no one wants you here. Go back to beantown you loser. All you care about is stealing equity from the team.

Long Term Best Interests= GET THE F___ OUT!

Frank, you blew it. Take the hint from millions (and millions!) of Dodger and baseball fans and leave L.A.

Frank, ask not for whom the dreaded six o'clock tone rings.

It rings for thee.

I was going to use tolls, but then again you'd probably think I meant raising the parking fees again.

You being from (and returning to) the East Coast and all.

Bud you let fox buy the dodgers, then let McCourt buy it from them. Now u block the tv deal.......... AND TOTTALY REDEEM YOURSELF!!!

How odd - in this April 27 piece by Bill Shaikin I read the following, Frank, you offensive, hideous, lying sack of arrogant, entitled, self-centered garbage. How stupid do you think we - and Major League Baseball - are?

"McCourt said the Fox deal would provide the Dodgers with $300 million in funding now and could be worth "in excess of" $3 billion over 17 years, ... McCourt said he would invest that $300 million into the team and said he had signed an agreement that none of that money would be used to settle his divorce or for any other personal purpose."

I recall your brilliant baseball executive ex-wife (potential President of the United States even! -- oh how the mind reels) once complaining about something to the effect of how reporters were always writing down what she had said and then ater using it against her. You people are just absurd...on another planet, so far out of touch I don't know how you get through the day. Go ahead, Frank, sue. I can't WAIT to see you in the halls of the courtroom.

You don't have to be a psychologist or therapist to see that Mr. McCourt is suffering from Narcissistic Personality Disorder. Look it up. The criteria fits perfectly.

Gee, what a surprise that the McCourts struck a deal that allowed them both to suck up another couple hundred million dollars of Dodger money for the McCourts and the lawyers. I dearly hope the trial is in front of a Los Angeles jury.

Sell to mark Cuban now!

McBankrupt's abulance chaser has spoken!

Dear Frank:

Borrowing from your future revenue stream does not "guarantee the future", McMoron. It guarantees failure, and we all know about failure from watching you ruin a great franchise the last few years. You are an irresponsible idiot, who went on a personal spending rampage like a drunken sailor. The only person as low in life as you is your adulterous wife, who led you onto this path of destruction.

You can no longer save face. All you can do is get what little equity, if any, on the sale of the team, and disappear into the woodwork, like the cockroach you are.

I've heard the "moat" arguments about his splitting the other assets. I fully expect baseball to demand that he sell the entire package the way he bought it, and that might involve lawsuits. But since the divorce agreement is now void, and if Gordon decides the Dodger assets are community property, then Jamie could demand he sell the entire amount. Selling only the team would make them much less valuable to a new owner.

Personally, if Frank wants the scorched earth policy, then I would (sadly) approve of any new owners pursuing a new stadium elsewhere in the city rather than continue paying Frank anything.

The majority has spoken - why would you argue with this Frank?

Your attorney is only trying to do the same thing you did to the Dodgers - take all you can before it is gone!

And for the few that think this is unfair or wrong to take this business - research baseball. This is a trust. And Frank signed his life away when he purchased so he does not have a leg to stand on.

He is gone - it just cannot be soon enough!

 
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