Skip to main content

Former L.A. Dodgers owner 'defrauded ex-wife in divorce



If former Los Angeles Dodger owner Frank McCourt thought he can put his bitter divorce behind him, he may be in for an unpleasant surprise.

The ex-wife of the 59-year-old businessman filed a motion to set aside the couple's divorce settlement, accusing McCourt of committing fraud by vastly understating the Dodgers’ value.

Jamie McCourt's attorney, Bertram Fields, told The Associated Press on Tuesday that attempts to modify what he called a ‘massive imbalance’ in the settlement failed, forcing her to return to court.



Power couple: Frank and Jamie McCourt were married for nearly 30 years, before their separation sparked one of the costliest divorce fights in California history

The motion filed Monday in Los Angeles Superior Court claims Frank McCourt misrepresented the couple's Dodger assets as worth less than $300million before their divorce in 2010.

The team sold in May 2012 for $2.15billion to a group that includes former NBA star Magic Johnson.

Under the terms of the divorce settlement finalized in October 2011, Jamie McCourt agreed to give up on her share of the Dodgers in exhcnage for $131million.




More...
Abortion agreements, weight-loss clauses, and four home-cooked meals a week: The appalling pre-nuptial nightmares New York women agree to so they can marry rich
Man sues his ex-wife for 'stealing his frozen sperm to get pregnant without telling him'

She was also allowed to keep four of the couple's six homes.


Representatives for Frank McCourt could not immediately be reached for comment.

A hearing for the motion has been scheduled for November.


Big league legal brawl: Jamie McCourt had sought half of the Dodgers franchise after a judge deemed her post-nuptial agreement with Frank McCourt invalid

In late March, McCourt finalized a record-breaking deal with a group of investors called Guggenheim Baseball Management to sell the troubled Los Angeles team.

'This agreement with Guggenheim reflects both the strength and future potential of the Los Angeles Dodgers, and assures that the Dodgers will have new ownership with deep local roots, which bodes well for the Dodgers, its fans and the Los Angeles community,' McCourt said at the time.

The businessman paid $430million in 2004 to buy the team, Dodger Stadium and 250 acres of land that include the car parks, from the Fox division of Rupert Murdoch's News Corp, a sale that left the team with about $50million in cash.

The Dodgers filed for bankruptcy protection in late June 2011, just days before the team was expected to miss payroll.



McCourt finalized a deal with a group of investors to sell the Dodgers in March




Major investment: Frank McCourt paid $430million in 2004 to buy the team, Dodger Stadium and 250 acres of land

The filing came after baseball Commissioner Bud Selig refused to approve a 17-year agreement between the Dodgers and Fox's Prime Ticket subsidiary that would have been worth $2billion or more.

Prior to their divorce, the McCourts had six homes and enjoyed a lavish lifestyle, paying a $225,000 monthly lease for a private jet and $10,000 a month for Jamie's hair stylist.

They also spent tens of thousands of dollars on designer clothing and Frank once shelled out $80,000 on a Caribbean vacation.


Fight: Los Angeles Dodgers owner Frank McCourt (L) and his ex-wife Jamie have been locked in a bitter divorce panel


Happier times: Los Angeles Dodger manager Joe Torre shakes hands with Dodger owner Frank McCourt

The McCourts announced in October 2009 that they would be ending their 30-year marriage - and Frank fired Jamie as CEO.

The former couple continued their feud over the team’s ownership and then the MLB took control of the club's day-to-day operations in mid-April.

The Dodgers filed for bankruptcy in June 2011 and lawyers for Jamie alleged that Frank was running the team into the ground.

But Frank McCourt’s counsel claimed it was Jamie who was refusing to accept any settlements and was allowing the case to drag on.


Comfortable living: This a Los Angeles property of Frank McCourt. The couple lived a lavish lifestyle, paying a $225,000 monthly lease for a private jet

The Dodgers blamed a cash-flow crisis on the MLB's refusal to pass the television deal that Frank was counting on to keep the team afloat.

A judge ruled last December that a post-nuptial marital agreement that gave Frank sole ownership of the Dodgers was invalid.

That allowed Jamie to seek half the team under California's community property law.

Popular posts from this blog

Study Abroad USA, College of Charleston, Popular Courses, Alumni

Thinking for Study Abroad USA. School of Charleston, the wonderful grounds is situated in the actual middle of a verifiable city - Charleston. Get snatched up by the wonderful and customary engineering, beautiful pathways, or look at the advanced steel and glass building which houses the School of Business. The grounds additionally gives students simple admittance to a few major tech organizations like Amazon's CreateSpace, Google, TwitPic, and so on. The school offers students nearby as well as off-grounds convenience going from completely outfitted home lobbies to memorable homes. It is prepared to offer different types of assistance and facilities like clubs, associations, sporting exercises, support administrations, etc. To put it plainly, the school grounds is rising with energy and there will never be a dull second for students at the College of Charleston. Concentrate on Abroad USA is improving and remunerating for your future. The energetic grounds likewise houses various

Best MBA Online Colleges in the USA

“Opportunities never open, instead we create them for us”. Beginning with this amazing saying, let’s unbox today’s knowledge. Love Business and marketing? Want to make a high-paid career in business administration? Well, if yes, then mate, we have got you something amazing to do!   We all imagine an effortless future with a cozy house and a laptop. Well, well! You can make this happen. Today, with this guide, we will be exploring some of the top-notch online MBA universities and institutes in the USA. Let’s get started! Why learn Online MBA from the USA? Access to More Options This online era has given a second chance to children who want to reflect on their careers while managing their hectic schedules. In this, the internet has played a very crucial in rejuvenating schools, institutes, and colleges to give the best education to students across the globe. Graduating with Less Debt Regular classes from high reputed institutes often charge heavy tuition fees. However onl

Sickening moment maskless 'Karen' COUGHS in the face of grocery store customer, then claims she doesn't have to wear a mask because she 'isn't sick'

A woman was captured on camera following a customer through a supermarket as she coughs on her after claiming she does not need a mask because she is not sick.  Video of the incident, which has garnered hundreds of thousands of views on Twitter alone, allegedly took place in a Su per Saver in Lincoln, Nebraska according to Twitter user @davenewworld_2. In it, an unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of the customer recording her. Scroll down for video An unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of a woman recording her A woman was captured on camera following a customer as she coughs on her in a supermarket without a mask on claiming she does not need one because she is not sick @chaiteabugz #karen #covid #karens #karensgonewild #karensalert #masks we were just wearing a mask at the store. ¿ o