Posted on 06/20/2011 2:24:41 PM PDT by Beaten Valve
Major League Baseball Commissioner Bud Selig on Monday rejected a proposed television contract between the Dodgers and Fox Sports, invalidating a divorce settlement between Frank and Jamie McCourt and all but challenging Frank McCourt to surrender the team or sue.
Selig rejected the contract on the first business day after the McCourts announced a settlement contingent upon approval of that contract.
What does it mean for the Dodgers? Selig did not strip Frank McCourt of ownership of the Dodgers. However, McCourt has said for months that approval of the Fox contract was critical for the Dodgers' financial health.
It was not immediately clear whether Selig would publicly explain his decision. He had said earlier that he would withhold a decision pending an investigation into the Dodgers' finances and operations.
But Selig was said to be aghast over a provision in the divorce settlement that would divert almost half the immediate payment from that television contract for the benefit of the McCourts rather than for the benefit of the Dodgers.
(Excerpt) Read more at latimes.com ...
>>This should mean that Selig will eventually strip the McCourts of ownership of the Dodgers and thus help expedite the sale of the team to a new owner.
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I am hearing Orel Hershiser and Steve Garvey are assembling a purchase bid.
It would be great to have the Dodgers back in to the hands of someone who gave a tinkers damn about the team.
Ever since O’Malley walked away, the Dodgers have been the poster boys of what NOT to do with a sports franchise.
Posted here 2 minutes before you: http://www.freerepublic.com/focus/f-chat/2737371/posts
Can we get Selig to nullify ObamaCare next? Or $8 hot dogs?
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