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McCourt divorce settlement set for court approval

October 27, 2011 | 11:13 am

Frank1The divorce settlement between Frank and Jamie McCourt will be presented for court approval Nov. 14, attorneys for both sides agreed Thursday.

The settlement calls for Jamie McCourt to receive $131 million, in exchange for relinquishing her claim to an ownership share of the Dodgers. The settlement has no contingencies, attorneys confirmed Thursday, so the deal would not be affected if Frank McCourt agrees to sell the Dodgers before the Nov. 14 hearing.

Frank McCourt met this week with officials from Major League Baseball to discuss a possible Bankruptcy Court settlement in which he would agree to sell the team. In the absence of a settlement, McCourt and MLB would meet in a Bankruptcy Court trial starting Nov. 29.

From the day the McCourts initiated divorce proceedings -- on this day two years ago -- Frank McCourt has insisted he never would sell the Dodgers.

Ryan Kirkpatrick, an attorney for Frank McCourt, declined to confirm that McCourt might now consider selling.

Dennis Wasser, an attorney for Jamie McCourt, said he looked forward to approval of the divorce settlement for the good of "the team and the city."


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-- Bill Shaikin

Photo: Jamie and Frank McCourt in 2006. Credit: Spencer Weiner / Los Angeles Times