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To: GeronL

In the divorce proceedings, Jamie McCourt states she is half-owner. That has not been refuted by a judge. Their ownership papers, in fact, were a mess. If you haven’t been following the story, it is not a cut-and-dried case of one person -— Frank -— having the “right” of ownership.

The team belongs to a league, and the league belongs to the sport of baseball, e.g. MLB. It’s part of the ownership contract and it is MLB who approves or dis-approves bids to buy teams.

Being a team owner is similar to being a sub-contractor on a huge construction project.

The McCourt divorce was affecting the operations of the team and, when they couldn’t meet payroll, that was when MLB stepped in.


6 posted on 09/23/2011 4:04:40 PM PDT by La Enchiladita
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To: La Enchiladita

Let the MLB buy all the teams then. WHat is the point of having owners” who own nothing?


7 posted on 09/23/2011 4:13:29 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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