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As the McCourt trial kicks off, each side has struck blows. Frank won on several motions to limit the evidence and exhibits admissible at trial, while Jamie's counsel had an uninterrupted half hour to talk about Frank's alleged document switcheroo. This is only the beginning of what looks to be a long trial, despite a passing buzz about the possibility of a quick settlement. Much more later. Follow on Twitter for quick updates.
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Monday, August 30, 2010
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One what motions in limine did Frank win?
ReplyDelete"Oh what a tangled web we weave when first we practice to deceive."
ReplyDeleteWhat's the best case scenario for Dodger fans who want the McCourts to sell the team? Sell the team to someone who actually has deep pockets and is willing to bring in some free agents and spend on developing the farm system?
ReplyDeleteWhen they say a long trial what is a worst case scenario? Are we talking into next season?
ReplyDeleteIn response to Mark...
ReplyDeleteThe best case scenario for Dodger fans who want McCourts out of Major League Baseball is for Jamie to win, or get half the all the McCourts' assets.
I think the worst case scenario for the Dodgers to remain in one of the McCourt's hands, is for Frank to win hands down, not with the MPA, but with his side valuation of the all the McCourt's assets. The less that Frank has to pay Jamie in the Final Settlement, the longer he can control the Dodgers..
I don't believe Jamie's argument for one moment that she wanted to own a Major League baseball team. I think she wants to take control of the Dodgers so she can be the managing partner to handle sale of the Dodgers to the highest bidder, and get a bigger chunk of the sale.
This divorce isn't about lost love, or infidelity. This divorce is all about money. One doesn't go to the brink like this, unless both sides are gambling for a bigger payout.
I heard a long trial would carry into Winter meetings. Also if the losing party asks for re- trial then we (Dodger Fans) are really screwed because it could take up to an additional 2 years to decide (information obtained from LA Times).
ReplyDeleteThanks for the explanation Okojo. Can the judge ultimatley order the team to be sold and force Frank and Jaimie to split the proceeds from the sale?
ReplyDeleteokojo -- I very much disagree about Jamie and think a worst-case scenario could play out in which both Frank and Jamie end up divorced but co-owners of the team -- without MLB ownership's approval.
ReplyDeleteAnother worst-case scenario is that she gets half of the team and retains it even after Frank sells (voluntarily or otherwise). Jamie's spendthrift behavior would eventually drag the team through bankruptcy court (if it isn't headed there already).
Mark -- I don't think my first worst-case scenario (joint ownership after a divorce) is likely to work, so I expect there would be a dissolution of assets.
local LA news kept saying they expect the court proceedings to last only 11 days,
ReplyDeleteI'm guessing they're very wrong (?)
But, yes, the judge could force a sale, though from what I've read it seems like that would be a last resort to be invoked only if the divorce-related obligations of one party or another couldn't be satisfied any other way.
ReplyDelete