Frank McCourt, Jamie McCourt Reach Settlement

Los Angeles Dodgers owners Frank McCourt and Jamie McCourt have been embroiled in a messy divorce, and a key component of the separation is a dispute over who owns the team. On Friday, the two parties came to a settlement. From the Wall Street Journal:

After a 20-month battle, Mr. McCourt and his wife, Jamie, announced a deal Friday that allows Mr. McCourt essentially to buy out his wife's interest in the Dodgers for $100 million, pending the outcome of a one-day trial in August.

The one-day trial in August has been set up to determine if the Dodgers are community property between the two McCourts, or if the team is solely Frank's possession. If Frank McCourt is granted sole ownership, he will then buy out Jamie McCourt using the money from a TV deal with FOX that Major League Baseball has not approved yet. If the deal with FOX is void, so is this settlement. If Frank McCourt loses the trial in August, the team will likely be sold.

See? Crystal clear. So there's a chance, Dodger fans, that Frank McCourt might stick around after all. Rejoice!

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