Monday, September 19, 2011

Back in the game; three Octobers.

---
It tells you most everything you need to know about the Dodgers' ownership troubles that I could fall off the face of the earth for two months, and come back to learn that not a whole lot has changed. Of course, that's not true: I've stayed abreast of the happenings, and in touch with folks close to the situation. But still, I definitely haven't spent much time here.

So what's happened? Well, I took the bar, started my new job, passed the bar, and got sworn in (just today, in fact!).

Oh, but you didn't mean me.

The most relevant quote is one that bounced around last week, when Los Angeles County Superior Court Judge Scott M. Gordon acknowledged that "[u]ntil it gets out of bankruptcy, the baseball team cannot be sold by this court." That reflects, of course, one of Frank McCourt's chief aims in filing for bankruptcy in the first place: it put an effective freeze on the disposition of the team.

So it appears the Dodgers will head into a third consecutive offseason with the ownership question still hanging over the proud franchise's head.

If October 2009 was about revelations and October 2010 about non-resolutions, what will October 2011 bring? The bankruptcy trial is making slow progress (which is, in many ways, the idea). The divorce litigation won't refocus on the case's most compelling issue until the calendar flips to 2012. The team is somehow thoroughly out of contention despite having viable candidates for both the National League Most Valuable Player and Cy Young Awards.

.500 seems a perfectly appropriate record for a team coasting down a hill in neutral on its way to a third winter of paralysis-by-divorce. The club seems neither to be coming nor going, neither contending nor rebuilding. That will all change, of course. Someone, Frank McCourt or otherwise, will get to sell the club's TV rights. At some point, the club will win again, and winning will bring people back to the Stadium. You can't keep a team with the Dodgers' built-in advantages down forever. But, my goodness, can you try.
---

80 comments:

  1. Can you do some investigative reporting and determine after the season is over the amount of Debt that is included in the Dodger's MLB CBA Debt to EBITDA formula, determine the average amount of EBITDA for 2010 and 2011, and then tell us how much the player payroll must be reduced unless Bud grants a waiver regarding the failure of the Dodgers to meet the Debt to EBITDA formula?

    ReplyDelete
  2. First off, Josh, congratulations on your Esquire. Numerous future clients will be in good hands. Which reminds me, I still have this little Worker's comp thing on.....

    But seriously, I have been waiting here with baited breath since late July. No, literally. I haven't left this site since your last post and have atrophied into the arm chair. Your voice has been sorely missed, not being beholden to any Big Brother entity. Pravda has nothing on the U.S. media, believe me.

    I have not wavered from my belief that McCourt is now here to stay, without question. I cannot see any circumstance where a federal judge would alter the landscape of bankruptcy law to prevent a legitimate restructuring by preventing a TV auction WITH FRANK MCCOURT AS OWNER. It immediately begins the lubrication of debt remuneration, provides a 45 day window with FOX to negotiate in good faith, and then moves this entire process forward with an eye on the approximately $175 Mil surplus that Bennett claims will be available as well. Why in the name of Zeus would Selig want to thwart such a process by attempting to oust him after Chapter 11 ends? He cannot do so at all during the process, has absolutely no authority to trump Gross, and invites a potentially disastrous lawsuit exposing Baseball's hallowed books, not to mention extends this insanity, not to mention the ACTUAL scandal in Baseball-the New York Mets.

    As far as the future of the team for '12, we are not that far away, Josh. This team has played .750 ball since your last post, and seems to have turned a major corner heading into the off-season. At the end of the day, the Dodgers will most likely end up at .500, be close to 3 million in total attendance, and finish in a solid third place. Not bad for the complete smear campaign that the Orwellian MLB front office has funded since the season began.

    ReplyDelete
  3. p.s. I also cannot see Gordon halving the Dodgers to Jamie under any circumstances, especially after all the mishugas.

    ReplyDelete
  4. Tony, I can't see the judge letting Frank McCourt to mortgage the Dodgers future again, and if so he would be letting Frank back in the same situation 6 years later in bankruptcy court.

    ReplyDelete
  5. If Frank can actually negotiate with Fox and receive a nonfundable $300 mil signing bonus that under no circumstances will be characterized as a prepayment of revenue and therefore not a DEBT under GAAP and therefore not a Debt under the MLB CBA then Frank can actually win this mess. What far too many people are not talking about is that the Family Law court does not always order an in-spouse to immediately pay any amounts due to their spouse regarding the out-spouse's value of community or separate property family business. For instance, Jamie could agree to be a minority owner with a put call that in five years requires Frank to purchase her interest for a set amount or for a prorata value as of that future date. Unfortunately this is not over for Frank. It may just be up to Fox who owns the Dodgers in 2013.

    ReplyDelete
  6. What Ken said. However, I think the TV auction is going to be precedent setting. Watch out for Univision quietly swooping in with a historic offer. Just a gut feeling.

    ReplyDelete
  7. Tony and Ken. Are you sure you are not the great Mark Timmons? Do you really think as of now will give Frank $300 for nothing? Didn't Fox give Frank almost all the money to buy the team when he was married to Jaime? Wasn't Jaime an officer of the Dodgers since the McCourts bought the team? Some of these comments on this sight now are just a big joke.

    ReplyDelete
  8. What happened to all the great bloggers who use to blog on this site?

    ReplyDelete
  9. I can remember the LA Times stories -- before the divorce mess, financial debacle and other legal entanglements -- that warned readers that Frank McCourt was a lawsuit landmine in his previous life before the Dodgers. Why this didn't get through the thick-headed skulls of MLB is an unbelievable question. To me, it shows that the commissioner and his underlings have no true understanding on how to run baseball. They should have done their homework.

    ReplyDelete
  10. MLB seems to do just fine no matter how many bumbles are made. Baseball fans are junkies, and they will keep coming. I am no lawyer, and only modestly successful in business, but this McCourt character stunk it up from the very beginning. His history was transparent for any and all to see, but in the door he comes. Once the rats have nested, it is often extremely difficult to get them out. I feel for all Dodger fans for as long as this guy is in the owner's box, the Dodgers will remain irrelevant.

    ReplyDelete
  11. the bloggers are still here, they are just waiting for something different to happen before they respond. McCourt is playing his ace of spades with the TV rights, he holds no other cards. Now either the court grants it or denies it, but until then we are still in a holding pattern

    ReplyDelete
  12. I like that name. Thanks, Anon!

    I have said what you are saying from the beginning. It would be nice if he were going, but he is still there.

    He has a couple of more cards to play if the TV deal gets denied.

    Peace!

    ReplyDelete
  13. Does his arrogance really have to be added to every website?

    ReplyDelete
  14. You are pathetic. Grow a pair!

    ReplyDelete
  15. I am familiar with The Great Mark Timmons work. He knows water, but, everything else in his words suggests he sees things through blue glasses.

    MLB wants McCourt gone, every Dodger fan from Santa Monica to Brooklyn wants him gone, and S.F. Giants fans are laughing their collective asses off.

    If MLB could do something, they would. I fear McCheeseball has them over a barrel.

    ReplyDelete
  16. Wow! Someone has a really limited and unimaginative juvenile vocabulary.

    ReplyDelete
  17. Thanks for the great info. I’ll be implementing much of this soon!

    ReplyDelete
  18. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important.

    ReplyDelete
  19. I found your post very interesting. I’ve bookmarked this page and will visit again. Thanks!!!

    ReplyDelete
  20. Thank you for this great information, you write very well which i like very much. I am really impressed by your post.

    ReplyDelete
  21. You posted editorial Back in the game; three Octobers. which gives users bunch of information concerning meticulous subject recognition for this allocate.

    ReplyDelete
  22. this post is very nice and interesting one to read.

    ReplyDelete
  23. I adore examining and I believe this website got some really useful stuff on it! .
    Cheap essay papers

    ReplyDelete
  24. Your concept is very much innovative and impressive as well……..
    dubai offshore companies

    ReplyDelete
  25. Thank you for writing such a wonderful article!

    ReplyDelete
  26. Real informative and excellent anatomical structure of content material , now that’s user pleasant (:.
    International Business Company RAK

    ReplyDelete
  27. minute but I have saved it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the great work.
    offshore companies in dubai

    ReplyDelete
    Replies
    1. I'll probably be once more to read much more, many thanks that info. http://www.pills-research.com/

      Delete
  28. I would personally say that it's perfect for everyone wants to know about it.

    ReplyDelete
  29. I like to browse in various places on the online world, often I will just go to Digg and read and check stuff out…

    ReplyDelete
  30. The strategies stated in this article about to increase traffic at you own web site are really nice, thanks for such pleasant post.
    homecare

    ReplyDelete
  31. Nice job!!!! I like your style of writting!!

    ReplyDelete
  32. On account of the writer, exceptionally exceptional at composing verses, I'll read it consistently

    ReplyDelete
  33. I really liked your blog! It helped me alot¡¬ Awesome. Exactly what I was looking for. Thanks!

    ReplyDelete
  34. Thank you very much for writing such an interesting article on this topic. This has really made me think and I hope to read more.
    essay writing

    ReplyDelete
  35. Way cool! Some extremely valid points! I appreciate you writing this write-up plus the rest of the site is also really good.

    ReplyDelete
  36. Your blog is giving me very important information for my health .i realy like it .Thanks a lot.

    ReplyDelete
  37. Spot i’ll carry on with this write-up, I must say i think this website requirements additional consideration. I’ll probably be once more to read much more, many thanks that info.

    ReplyDelete
  38. Spot i’ll carry on with this write-up, I must say i think this website requirements additional consideration. I’ll probably be once more to read much more, many thanks that info.

    ReplyDelete
  39. On account of the writer, exceptionally exceptional at composing verses, I'll read it consistently

    ReplyDelete
  40. I have read your article and It was really very excellent to understand and very useful for other reader who intrested on this topic. its very nice.

    ReplyDelete
  41. When you have positive outlook, you see things straight to your goals, ending up to a big success.

    ReplyDelete
  42. Hi, Awesome submit. Likely to matter using your website around internet ie, may well analyze this particular? Web browser is still the marketplace chief and also a massive percentage of many people will leave from the impressive publishing because of this issue.

    ReplyDelete
  43. I think which is on the list of a lot information to me. With this particular joyful studying the write-up. However ought to declaration on very few normal troubles, The web page design and style is ideal, your articles or blog posts is really great : D. Great practice, many thanks

    ReplyDelete
  44. I think which is on the list of a lot information to me. With this particular joyful studying the write-up. However ought to declaration on very few normal troubles, The web page design and style is ideal, your articles or blog posts is really great : D. Great practice, many thanks

    ReplyDelete
  45. have read your article and It was really very excellent to understand and very useful for other reader who intrested on this topic. its very nice.

    ReplyDelete
  46. Beneficial information. Lucky me personally I stumbled upon your website out of the blue, and i am astonished the reason this kind of collision did not occured sooner! My spouse and i book marked the item.

    ReplyDelete
  47. Hi, I stumbled upon your internet-site by using Bing while looking for a related topic, your website surfaced, seems like very good. I have saved as a favorite for you to favourites features|included with bookmarks.

    ReplyDelete
  48. I just wanna thank you for sharing your information and your site or blog this is simple but nice article I've ever seen i like it i learn something today.

    ReplyDelete
  49. I most certainly will at once grab your rss when i can't find your current e-mail ongoing hyperlink as well as e-zine service. Do you possess virtually any? Generously enable myself recognize so I really could subscribe. Cheers.

    ReplyDelete
  50. I found your blog post and like it. I’m impressed.You’re truly well informed and brilliant.I appreciate your effort to write this great blog.I think this blog provides informative information . Thanks for sharing such a nice blog post.

    ReplyDelete
  51. Useful information. Fortunate me I discovered your site accidentally, and I'm stunned why this accident did not took place earlier! I bookmarked it.

    ReplyDelete
  52. Very useful and informative post. Thanks for sharing.

    ReplyDelete
  53. Staying focus and positive are things you need to move forward and see success in life. Incredibly interesting indeed.

    ReplyDelete
  54. Your article is a mixed feeling. But it remains the best in his own style.

    ReplyDelete
  55. Wonderful blog site. I actually loved browsing your current posts. I am looking through fresh content articles.Upholstery Cleaning

    ReplyDelete
  56. Amazing guidance now, I am typical specified person of your after as well as take pleasure in anyone bothering to stay a new fabulous post.Gold Coast Holiday Rental

    ReplyDelete
  57. Employing fine posting. This level of detail incorporated bundle instructions and also this kind of conversations maintains subscribers input to your having and then to do upon phrase Dental Crowns.

    ReplyDelete
  58. Good quality details listed here. Groundbreaking, I was appreciating viewing personnel 7 days a week. Once concerning for my situation bought an entire smaller from their website Best Home Based Business Opportunity.

    ReplyDelete
  59. Please acknowledge "the video speaks more to the lack of understanding of the author of Atkins than a reflection of the diet itself."
    advertising | top advertising agencies in Pakistan | Marketing Agency | Advertisement

    ReplyDelete
  60. Thank you for other sorts of helpful internet site. The location more may possibly I get that kind of info developed in this sort of best tactic? I've a venture i'm merely currently managing with, we have been in the view away intended for such information.

    ReplyDelete
  61. Magnificent site. Lots of helpful information here. I am sending it to a few friends ans also sharing in delicious. And obviously, thank you in your sweat! Great article!

    ReplyDelete
  62. Important facts. Fortunate me personally I discovered your web site by accident, exactly what astonished exactly why this coincidence failed to happened upfront! I book-marked that. Thanks for sharing with us!

    ReplyDelete
  63. Wonderful beat ! I would like to apprentice whilst you amend your web site, how can i subscribe for a weblog web site? The account helped me a applicable deal. I had been tiny bit acquainted of this your broadcast provided shiny transparent thought. Thanks a lot!

    ReplyDelete
  64. Simply want to say your article is as amazing. The clearness to your post is just great and i can think you are knowledgeable on this subject. Well with your permission let me to grab your RSS feed to keep up to date with forthcoming post. Thanks 1,000,000 and please carry on the gratifying work. Great job!

    ReplyDelete
  65. I just such as the helpful information people deliver as part of your content. I'm going to search for your web site plus check one more time right here often. I'm rather specific We will be told quite a few fresh stuff correct here! All the best . for the! Great article!

    ReplyDelete
  66. Decent write-up. A new website page presents lots of ideas so which i bookmarked this fabulous website around upcoming new post. Thanks Gold Coast Apartments

    ReplyDelete
  67. Comfortable blog post. I just now discovered your website as well as wished to recognize I did legitimately love searching your web blog post Gold Coast Holiday Rentals

    ReplyDelete
  68. I thought it absolutely was progressing to be some boring recent post, however it extremely paid for my time. i will be able to post a link to the current page on my web log. i'm certain my guests can notice that terribly helpful. Adult Braces

    ReplyDelete
  69. Amazing Blog Post. Blog Post provide acceptable obsession. The offer impacts on numerous standard worries of your brain. Tile And Grout Cleaning


    ReplyDelete
  70. I thought it had been going to be some boring previous post, but it very stipendiary for my time. able to|i'll} be able to post a link to the current page on my diary. i am bound my guests will notice that very useful. Gold Coast Accommodation Apartments


    ReplyDelete
  71. I was quite happy to hunt out this web site. I required to thanks for this nice post!! i am without doubt enjoying every little bit of it which I actually have you ever bookmarked to establish out new stuff you post. Burleigh Heads Apartments


    ReplyDelete