DODGERS The ongoing OWNERSHIP Thread

I found some of the comments by some of the owners about Frank being at the owners meeting interesting. It bothered some and not others. My guess is that his being there highlighted how limited the wardrobe for the emperor is.

 

^^ I like that. Only don't know how to "like" it now.

 

That line of yours was at the right time and so telling of it all.

 

I don't think either side's army of lawyers would even let a punctuation error get by in their deal at this point which is why I think there are contingencies in place for absolutely every scenario possible.

 

Yeah and right now Frank may control how and which scenario's play out. Frank manages to get the best attorneys and he now has the masters selling the team for him. It should be a smooth sale process done the way Frank wants it done and that may include screwing Fox if he wants. Frank would love to create the motivation for both Fox and Time Warner to get involved in the bidding process and really drive the price up.

 

Both Jamie and MLB are beating him/them, what are you watching?

 

exactly. its sort of amusing to watch him twist and spin on the way to the stone. but in the end the dirt will be shoveled.

 

Frank still has the team and got MLB to give him money at favorable terms over what the hedge fund was charging. In my book those are awfully good attorneys. Remember the power of the commissioner and the claims that Frank had violated MLB rules and filed for bankruptcy and was going to have the team seized? I do. I also remember Frank getting the team and no co ownership by Jamie as she originally wanted and this is in a community property state. Not to bad attorneys there. It will be interesting to see how much money Frank and Jamie end up making off of their original cash outlay to buy the team. Oh yeah Bud agreed Frank gets to keep the land around the ystadium. Not to shabby a result there either. Sounds like this could end up another profitable real estate purchase by Frank when all is said and done. Also sound like another successful Leveraged Buy Out with a possibly great profit in 7-8 year.

 

Dude, You're going off the reservation!

1. FUCKFACE WANTED to take the other deal and was ORDERED to take the MLB money. He fought like hell too......

2. Jamie WON the MPA fight and had to be bought out to the tune of 130MM + all the LA RE for her rights to the team!

3. FUCKFACE's debt service will require the sale of everything and MLB knew it after they got the books, by design.

Get off the sauce. Just because a week has gone by doesn't mean you have to have an alien!

 

Darth,
He is right. McCourt is not coming out of this hurting. He just managed to exchange some parking lots in Boston for premium land outside the ravine and 4 houses.

 

I will agree we are not watching the same thing. What I am watching is a general proclamation by fans and writers back in the Spring that Frank would not be able to make payroll and MLB would be seizing the team and fans were happy. Frank as expected filed bankruptcy and folks were so certain that per MLB rules the team would be siezed. Hmmm Frank broke and who comes to the rescue to keep him operating the team by providing him funding at a cheaper rate and with financer control? MLB and Bud did. Wow how did Frank pull that off? Hmmm not only that but Frank is broke and everyone says it is only a matter of time as he can't pay his attorneys! Wait who comes to the rescue and pays for his attorneys to fight MLB? In the scenario I am watching MLB lends Frank the money to fight them with and drag things out against them Not to shabby in what I am seeing. Now he has MLB agreeing to stay out of his fight with Fox and they are paying his lawyers to fight Fox. Hmmm again this is what I am watching. So every move Bud makes Frank uses his money to fight him. That in my book is shrewd but if others disagree thats what makes life what it is. As far as the divorce goes, isn't California a community property state? Hmmm Frank got the team and oh yeah has gotten MLB to allow him to keep the land around the stadium. Not to shabby in the book I am watching. So now Frank the real estate developer makes a highly leveraged purchase of the Dodgers and takes 180-200 million out of the team to live off of. Jamie gets 130 million so now there take is up to 310-330 million plus whatever profit he gets from the sale of the team. Add on top of that the value of the land around the stadium and the ability to develop that which again is more profit. So as leveraged buyouts go Frank and Jamie have done very well and he even got Bud to pay his bills as he battled MLB. Yeah Frank is twisting in $1,000 dollar bills.

 

Again we see things differently and that is what makes it all so interesting.

In hindsight do we really think Frank is not infinitely better off having taken the money from MLB? Did he really want the other money or was that the leverage to get MLB to come up with the money on terms friendly to him? Again we have a different perspective.

 

Yup and a few hundred million plus to boot. I hate Frank also but having read his history this is all so typical of his business style. It will be interesting in a community property state how much the final haul if for Jamie compared to Frank, especially if he wins the tv rights battle with Fox.

 

If this is accurate it could leave some room for a hefty profit from the sale.
http://www.forbes.com/sites/mikeozanian/2011/11/17/dodgers-debt-hits-555-million/

Since this is just from a few weeks ago and it is from Forbes which is quoted as being the ones to have valued the franchise at 800 million last year it COULD have some credibility. So Jamie rolled the dice and took the 130 million and the houses etc. Frank rolled the dice and took the left over profit from the sale of the team and the land around the stadium. Time will tell.

 

i have seen stuff posted about this but until the thing is final idt frank has any guarantee of that land.

 

Thats not in question. My statement was in response to Borgy's assertion that FUCKFACE's lawyers have had their way in this when they have been beaten at every turn.

If FUCKFACE and his lawyers had their way he'd be jerking off with all the fox deal money and would be lying to us as the SOLE owner of The Dodgers for another 20+ years....

 

Perhaps a look back might be helpful now to see how things looked in the Spring and how they have played out since.

http://articles.latimes.com/2011/jun/13/sports/la-sp-0614-dodgers-mccourt-20110614

 

SDF already did that.....

FUCKFACE has profitted all along and will again, however, it will in no way, shape or form be anywhere near as much as he was fighting for as the owner with the Fox $$$$

 

Ok but it will still be a tidy chunk of change and a heck of a return on his cash offering for the team. If it hadn't been for the divorce he and Jamie would still be ripping the franchise off and probably had another couple of years before it came tumbling down. The Fox money would have helped him to keep the team but was it really going to be profit going into his pocket. Frank wanted to keep the team and pass it on to his sons and that won't happen now! Hey wouldn't that be a hoot if the boys were investors in one of the groups bidding on the team?