• Trial Over Dodger Ownership Set to Begin Today


    LOS ANGELES (CNS) – A non-jury trial to decide whether Frank McCourt is
    the sole owner of the Los Angeles Dodgers or if his estranged wife Jamie
    McCourt has an ownership stake in the team is scheduled to begin today.

    Frank McCourt maintains a document signed by the couple during their
    marriage gives him sole possession of the team, Dodger Stadium and surrounding
    land, while giving Jamie McCourt the couple’s six homes and one condominium.
    Frank McCourt also contends he permitted Jamie McCourt to call herself a
    co-owner of the team only in the “interests of family harmony.’
    However, Jamie McCourt claims that the martial property agreement was
    changed after she signed it, and her lawyer, Dennis Wasser, filed documents
    earlier this month alleging fraud.
    Wasser said the wording was changed “to shield the couple’s non-
    business assets from creditors’ and that she never would have signed an
    agreement giving up her interest in the team in exchange for the couple’s
    homes.
    Jamie McCourt also states in a sworn declaration that “there was never
    any discussion that only Frank owned the Dodgers or that it was his separate
    property.’
    Thomas Ostertag, Major League Baseball’s general counsel, is expected to
    testify that Frank McCourt is the team’s sole owner and that Jamie McCourt
    has no claim to ownership under baseball rules, the Los Angeles Times reported.

    The trial before Los Angeles Superior Court Judge Scott M. Gordon is
    expected to take about 11 days.
    What has been the divorce case has cast a cloud over the Dodgers since
    the McCourts confirmed their separation Oct. 14, one day before the start of
    the National League Championship Series.
    The couple, who married in November 1979 and have four grown sons,
    separated on July 6, 2009.
    Frank McCourt fired his wife as the Dodgers’ chief executive officer a
    day after the team lost the series to the Philadelphia Phillies. She filed for
    divorce five days after her firing.
    The divorce case has led to a perception among Dodger fans that the team
    is financially hamstrung in acquiring players.
    Frank McCourt has consistently maintained that the divorce has no
    bearing on the operation of the team and its acquisition of players.

    1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)


    Loading ... Loading …

    Comments are closed

     
  • You Only Live Once! It’s back with a winter time swing, so come down and join some of the Arcadia Recreation Department’s staff for an evening of fun at the Dana Middle School Gym, 1401 S. First Avenue in Arcadia, from 5-10pm....
    Happy New Year! Rose Parade Float Trophy Winners...
    AND AWAY THEY GO… The Valentine Derby steering committee is looking forward to a wonderful fundraiser party at the Santa Anita Race Track this Saturday, April 12. The event will feature a silent auction during the cocktail hour, a seated dinner a...
    With an all-time high of 875 in attendance, Methodist Hospital’s 19th annual Mardi Gras also raised a record-breaking $144,000 to benefit the hospital’s important cancer program....
    The Pasadena Guild of Children’s Hospital Los Angeles has pledged a $3 million endowment to fund the Pasadena Guild Chair in Developmental Biology and Regenerative Medicine at Children’s Hospital Los Angeles....
     
     
     
    Directory powered by Business Directory Plugin