New Ownership For Dodgers Not Imminent

Bill Shaikin (via the L.A. Times):

Although Commissioner Bud Selig wrested financial control of the Dodgers from Frank McCourt on Wednesday, the end of the era of McCourt ownership is neither imminent nor guaranteed.

--snip--

Selig also has anticipated the possibility of a legal response by McCourt, which could delay any ownership change for some time, according to two parties briefed on Wednesday's announcement but not authorized to discuss it publicly. Neither McCourt nor any of his representatives had issued a statement within three hours of Selig's announcement.

In addition, the divorce of McCourt and his ex-wife, Jamie, has yet to be settled. Jamie McCourt has asserted her claim of 50% ownership, based on California community property law. Those claims could take some time to resolve as well.

Nothing's guaranteed, but I'll be pretty surprised if anyone named McCourt is still running the Los Angeles Dodgers a year from now. Whether "less than a year" qualifies as imminent or not, I'll let you decide. And the divorce proceedings could certainly throw a spanner into the works. But Frank McCourt seems to be in some desperate need of money, and the quickest riches would seem to be selling one of the most prestigious properties in professional sports.

Unless McCourt's able to regain control of the Dodgers, presumably through the courts, I think he's likely to give up fairly soon and get the best deal he can get. Unfortunately, that probably won't happen soon enough for management to have the direction necessary for an aggressive drive to the postseason.

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