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To: discostu
..all very obvious that the McCourt finances are a house of cards that will fail...

Yeah, McCourt might be headed directly to bankruptcy court now, with Selig dragging him there like a dog on a leash! Selig is forcing him to fail!

Or else Emperor Selig will have his pants sued off him for denying McCourt the right to have his lucrative TV contract put into effect.

Since when is Selig a Dodger fan, anyhow? What he's trying to do is force McCourt out in order to give the Dodgers to people he likes a lot more than McCourt, and maybe pocket a little sales commission for himself in the process.

55 posted on 06/21/2011 12:57:03 PM PDT by justiceseeker93
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To: justiceseeker93

It’s got nothing to do with Selig. That’s how McCourt has always done business. He bought the team almost entirely on credit, and has spent all his time since then reshuffling the credit around, paying one creditor with money borrowed from another. There’s only one way a cycle like that ends, and it’ll be a giant pile of bad PR to have a team’s ownership determined in bankruptcy court.

This “lucrative” TV contract has DIVORCE LAWYERS as direct payees. It’s a bad contract from the league’s perspective and Selig is entirely in his rights and duties to decline it. There’s a reason these things have to be approved by the league, to prevent EXACTLY the crap McCourt is trying to pull.

Doesn’t matter who Selig is a fan of, as the commissioner of the MLB one of his jobs is controlling train-wreck owners that are damaging the value of their teams and thus the value of all teams.

If this were happening to an owner other than McCourt you might, maybe, have a point. But McCourt is a crook. There’s a reason he “has to” have this TV deal now to make payroll, because he’s a crook and all this divorce action has impeded his ability to constantly shuffle his debt around. McCourt is why league’s have commissioners, he’s a bad owner that’s abusing the system for his own gain at the detriment of the brand.


56 posted on 06/21/2011 1:06:24 PM PDT by discostu (Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn)
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