Saturday, February 20, 2010
Oh, it all makes sense now!
Prepared by Jamie's forensic accountant, David J. Swan. "TMBLP" is The McCourt-Broderick Limited Partnership.
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Bleeding Dodger Blue, Cash-Flow Red, and Dollar-Sign Green.
The Dodgers are actually owned by Big Brother Frank and the LA Holding Company? Take another piece of my heart now Jamie.
ReplyDeletePlease, oh please...we need the whole document!
ReplyDeleteThanks for the good laugh Dave!
ReplyDeleteThe Flow Chart is trying to look impressive but it really isn't. The Montana property is a parcel at the Yellowstone Club/Private Ski Area. The only other properties that I see as outside of the Dodgers and part of Real Estate Development is the College St. Buildings. JMC is either his father's construction company or a some sort of a shell of a construction company. Camelback Ranch is probably some sort or Joint Lease agreement or possibly a REIT, but more likely a joint lease with the White Sox and own by the city of Glendale, Ariz.
ReplyDeleteBlueLand Co is separate, because it is probably in hock for more loans, ditto for the Real Co holdings, which probably also include some sort of parking revenue vehicle. (Which I won't be surprise that the McCourts put that up for more loans as well)..
My question, which has been since the beginning of the McCourts' ownership, how much of of these assets are leveraged? and how much?