jamesmir11 said:
"Fox, myself and MLB made a horrible mistake in not doing the proper due
diligence on Frank McCourt. I helped get him approved, and for my piece
I feel very bad about it. … He has been an embarrassment to this
franchise. The sooner he gets the hell out of town, the better off we'll
all be as Dodger fans." — Bob Daley, the Dodgers' managing partner when
Fox sold the team to McCourt in 2004.
http://www.latimes.com/sports/la-sp-dodgers-reaction-20110628,0,3926435.story
Per Shaikin's Twitter, Fox's lawyer suggests that Fox could be owed damages if Dodger TV rights are auctioned off before expiration of exclusive negotiation period.
THIS is what I was thinking could be yet another hurdle for Frank's effort to auction off the Dodger TV rights at this time. I would guess that the damages could be significant and could deter a prospective bidder from entering the bidding.
DoppelgangBang said:I suggest people follow on Twitter, because this is fantastic so far. Basically, there are lawyers there on behalf of Fox, MLB, and Jamie McCourt ALL trashing Frank and arguing for a sale. GO GO STRENGTH IN NUMBERS!
DoppelgangBang said:Per Shaikin's Twitter, Fox's lawyer suggests that Fox could be owed damages if Dodger TV rights are auctioned off before expiration of exclusive negotiation period.
THIS is what I was thinking could be yet another hurdle for Frank's effort to auction off the Dodger TV rights at this time. I would guess that the damages could be significant and could deter a prospective bidder from entering the bidding.
This Judge has to break TWO contracts in order to allow Frank to auction the TV Rights: MLB and Fox. I think the fact that there are so many people in court opposing Frank definitely SHOULD influence this judge.
DoppelgangBang said:Per Shaikin's Twitter, Fox's lawyer suggests that Fox could be owed damages if Dodger TV rights are auctioned off before expiration of exclusive negotiation period.
THIS is what I was thinking could be yet another hurdle for Frank's effort to auction off the Dodger TV rights at this time. I would guess that the damages could be significant and could deter a prospective bidder from entering the bidding.
This Judge has to break TWO contracts in order to allow Frank to auction the TV Rights: MLB and Fox. I think the fact that there are so many people in court opposing Frank definitely SHOULD influence this judge.
Don't forget Jamie. She technically is still viewed as co-owner of the Dodgers and she is not for auctioning off the TV rights deal, either, so he technically is going against the co-owner's will as well.
Yeah, its tough sledding for Frank. I don't see how a judge can rule in his favor.
I see the likely outcome as MLB becoming the financing option the court chooses and an open auction for the Dodgers taking place OR Selig and MLB work out a deal with Frank and Jamie to let MLB control the sale of the club.
UCSB07 said:http://documents.latimes.com/mlb-dodgers-bankruptcy-response/
Giddiness, an entire document spelling out how much of an idiot frank is
grabarkewitz said:Heyman just weighed in and he is thinking that the court will go with the MLB DIP financing as it would be administered by the league and not Frank, therefore creditors get paid and the money is not used to take care of Frank's personal debts.
Throwdeuce said:
grabarkewitz said:Heyman just weighed in and he is thinking that the court will go with the MLB DIP financing as it would be administered by the league and not Frank, therefore creditors get paid and the money is not used to take care of Frank's personal debts.
If that's the case is Frank out as owner (meaning he has no say in the daily running's of the club) and MLB in control, or does the scumbag still have control?
grabarkewitz said:
Throwdeuce said:
grabarkewitz said:Heyman just weighed in and he is thinking that the court will go with the MLB DIP financing as it would be administered by the league and not Frank, therefore creditors get paid and the money is not used to take care of Frank's personal debts.
If that's the case is Frank out as owner (meaning he has no say in the daily running's of the club) and MLB in control, or does the scumbag still have control?
According to what I am reading, the bankruptcy court may have as much of a say as the MLB with Frank taking a number as a creditor. Plus, if Jamie's challenge has legs, Frank could take a number behind her. The thing that might scare the MLB and Bud Selig is that the bankruptcy court may put the team up for sale and that would open the door for Mark Cuban. I am sure that by then, the flow chart of McCourt entities may be back to just one, the Los Angeles Dodgers, because the league is also challenging that. If it becomes just one entity expect Cuban to bid along with anyone with a loose billion. Damn, I wish I had a billion....
UCSB07 said:per shaikin MLB is allowing mccourt to use his own financing offer until july 20th, the media rights have been taken off the table and there is a new trial set for july 20th about the proposed mlb financing, so confused what happened in that court house
UCSB07 said:per shaikin MLB is allowing mccourt to use his own financing offer until july 20th, the media rights have been taken off the table and there is a new trial set for july 20th about the proposed mlb financing, so confused what happened in that court house
UCSB07 said:per shaikin MLB is allowing mccourt to use his own financing offer until july 20th, the media rights have been taken off the table and there is a new trial set for july 20th about the proposed mlb financing, so confused what happened in that court house
Matthew said:
UCSB07 said:per shaikin MLB is allowing mccourt to use his own financing offer until july 20th, the media rights have been taken off the table and there is a new trial set for july 20th about the proposed mlb financing, so confused what happened in that court house
Can someone explain to me why MLB would do this? What do they stand to gain by allowing this?
Throwdeuce said:
UCSB07 said:per shaikin MLB is allowing mccourt to use his own financing offer until july 20th, the media rights have been taken off the table and there is a new trial set for july 20th about the proposed mlb financing, so confused what happened in that court house
Shit, so he's still in control, oh what trades Ned can do before July 20th
X_X
grabarkewitz said:
Matthew said:
UCSB07 said:per shaikin MLB is allowing mccourt to use his own financing offer until july 20th, the media rights have been taken off the table and there is a new trial set for july 20th about the proposed mlb financing, so confused what happened in that court house
Can someone explain to me why MLB would do this? What do they stand to gain by allowing this?
I would think to give Frank enough rope to hang himself. If Shaikin is correct, Frank owes more than $30 on Thursday and he is only getting $60 million today. He still has a $67 million balloon payment on his mortgage of the parking lots due on Thursday and my math tells me he will be some $37 million short if doesn't put the money into his own pocket.As for the league, I guess they are giving him the same amount of rope as Wilpon so that there can be no charges of favortism.
DoppelgangBang said:I know this is an unpopular view, but if McCourt retains control of the team, I'm going on a hiatus from baseball. I'm not jumping ship to the Angels, not ruling out baseball forever, but I would be taking a break from the sport until he is no longer involved.
I just can't support ANYTHING about this guy and if MLB can't get rid of him, then I've lost faith in them as well.
DoppelgangBang said:I know this is an unpopular view, but if McCourt retains control of the team, I'm going on a hiatus from baseball. I'm not jumping ship to the Angels, not ruling out baseball forever, but I would be taking a break from the sport until he is no longer involved.
I just can't support ANYTHING about this guy and if MLB can't get rid of him, then I've lost faith in them as well.
DoppelgangBang said:
DoppelgangBang said:
grabarkewitz said:
DoppelgangBang said:I know this is an unpopular view, but if McCourt retains control of the team, I'm going on a hiatus from baseball. I'm not jumping ship to the Angels, not ruling out baseball forever, but I would be taking a break from the sport until he is no longer involved.
I just can't support ANYTHING about this guy and if MLB can't get rid of him, then I've lost faith in them as well.
I will wait until July 20 before I jump off the train. UCSB has a good point, by getting everything under one umbrella, the league (or the court) can sell the whole enchillada and get the most bang.
DoppelgangBang said:
grabarkewitz said:
DoppelgangBang said:I know this is an unpopular view, but if McCourt retains control of the team, I'm going on a hiatus from baseball. I'm not jumping ship to the Angels, not ruling out baseball forever, but I would be taking a break from the sport until he is no longer involved.
I just can't support ANYTHING about this guy and if MLB can't get rid of him, then I've lost faith in them as well.
I will wait until July 20 before I jump off the train. UCSB has a good point, by getting everything under one umbrella, the league (or the court) can sell the whole enchillada and get the most bang.
I'm waiting for the dust to settle and to give MLB its fair shot, but if he emerges with definitive control of the team then I am GONE.
grabarkewitz said:
DoppelgangBang said:
grabarkewitz said:
DoppelgangBang said:I know this is an unpopular view, but if McCourt retains control of the team, I'm going on a hiatus from baseball. I'm not jumping ship to the Angels, not ruling out baseball forever, but I would be taking a break from the sport until he is no longer involved.
I just can't support ANYTHING about this guy and if MLB can't get rid of him, then I've lost faith in them as well.
I will wait until July 20 before I jump off the train. UCSB has a good point, by getting everything under one umbrella, the league (or the court) can sell the whole enchillada and get the most bang.
I'm waiting for the dust to settle and to give MLB its fair shot, but if he emerges with definitive control of the team then I am GONE.
I will join the crowd if Bud and the MLB don't have the stomach to take on this clown. If he is still the owner on the 21st, I am Casper.
DoppelgangBang said:
grabarkewitz said:
DoppelgangBang said:
grabarkewitz said:
DoppelgangBang said:I know this is an unpopular view, but if McCourt retains control of the team, I'm going on a hiatus from baseball. I'm not jumping ship to the Angels, not ruling out baseball forever, but I would be taking a break from the sport until he is no longer involved.
I just can't support ANYTHING about this guy and if MLB can't get rid of him, then I've lost faith in them as well.
I will wait until July 20 before I jump off the train. UCSB has a good point, by getting everything under one umbrella, the league (or the court) can sell the whole enchillada and get the most bang.
I'm waiting for the dust to settle and to give MLB its fair shot, but if he emerges with definitive control of the team then I am GONE.
I will join the crowd if Bud and the MLB don't have the stomach to take on this clown. If he is still the owner on the 21st, I am Casper.
Now MLB is claiming a win, because they got the media rights auction off the table for now and didn't have to finance McCourt ... hmmm. They also are getting ready to make motions in the coming days to reinstate Shieffer and to insert a receiver. Interesting ... [all from Twitter]
"A person familiar with Major League
Baseball's plans says the league "probably" will file a motion to
seize the cash-strapped Los Angeles Dodgers.
The person spoke to The Associated Press on condition of
anonymity because of the sensitive nature of the situation.
Baseball's constitution allows commissioner Bud Selig to take
control of a team that seeks Chapter 11 protection. MLB first must
file a motion seeking termination of the franchise, and the person
says that is "probably going to happen." There is no timetable
for that filing"
ocmike24 said:My ears are bleeding.
I was just driving home and flipped the dial between innings and these two absolute idiots were on Fox Sports Radio basically blaming Dodger fans for being "spoiled front-runners" and that McCourt hasn't done anything that any other MLB owner hasn't done.
This belongs in the Idiocy Thread, because it was the absolute stupidest thing I think I've heard in a while.
hunteralan said:Newest news:
"A person familiar with Major League
Baseball's plans says the league "probably" will file a motion to
seize the cash-strapped Los Angeles Dodgers.
The person spoke to The Associated Press on condition of
anonymity because of the sensitive nature of the situation.
Baseball's constitution allows commissioner Bud Selig to take
control of a team that seeks Chapter 11 protection. MLB first must
file a motion seeking termination of the franchise, and the person
says that is "probably going to happen." There is no timetable
for that filing"
The Dodger brand under the ownership of McCourt has been irrevocably harmed. The man brought the Dodgers to bankruptcy fer cryin' out loud! How embarrassing is that for all of us Dodger fans who love the team and have loyal followed this iconic franchise?!
Its ridiculous, really! :-S
mjktool said:
The Dodger brand under the ownership of McCourt has been irrevocably harmed. The man brought the Dodgers to bankruptcy fer cryin' out loud! How embarrassing is that for all of us Dodger fans who love the team and have loyal followed this iconic franchise?!
Its ridiculous, really! :-S
Apparently McCourt and his attorney disagree with you! From LA Times:
"The hearing opened with Bennett, representing McCourt, telling the judge
that the Dodgers had won, 15-0, Monday night in their first game since
the bankruptcy filing.
"I think this convincingly disproves the argument bankruptcy is bad for baseball," Bennett said.
ocmike24 said:My ears are bleeding.
I was just driving home and flipped the dial between innings and these two absolute idiots were on Fox Sports Radio basically blaming Dodger fans for being "spoiled front-runners" and that McCourt hasn't done anything that any other MLB owner hasn't done.
This belongs in the Idiocy Thread, because it was the absolute stupidest thing I think I've heard in a while.
elysianpark62 said:
ocmike24 said:My ears are bleeding.
I was just driving home and flipped the dial between innings and these two absolute idiots were on Fox Sports Radio basically blaming Dodger fans for being "spoiled front-runners" and that McCourt hasn't done anything that any other MLB owner hasn't done.
This belongs in the Idiocy Thread, because it was the absolute stupidest thing I think I've heard in a while.
Yeah, I believe it. Everyone has to pipe up with an opinion. Last week I heard a dipstick call into Mason and Ireland on 710 AM and claim that "NO one cared at all" about anything the McCrooks were doing when the Dodgers went to the playoffs. That is ridiculous to claim, but hey, the guy needed to have a different take. Even worse, John Ireland said, "You're absolutely right!"
Uh, sure, no one noticed or said anything at all in 2008, a year they went to the playoffs, that they dumped the top catching prospect in baseball in order to not have to pick up $2 million in Blake's salary. NO one recognized that or cared--that's absolutely right!
Similarly, NO one noticed in the last five years that the Dodgers have been at the bottom of the barrel in amateur and international signing expenditures. No one noticed and no one cared--because the Dodgers went to the playoffs a few times! That's absolutely correct! And this type of "critical" thinking is reinforced by some media. Heck, they engage in it, too.
Another brilliant comment came from none other than Bobby Valentine. (I know this is VERY hard to believe, but try.) He made John Kruk sitting next to him look like a Rhodes Scholar. Valentine harped on the low attendance and how Dodger Stadium used to be THE place to see and be seen. Yeah, that's the only reason that people ever showed up at Dodger Stadium. It wasn't because anyone cared about the team or wanted to see them win or anything like that.
Hey, guess what--the low attendance is exactly because people care so much about the team, not that it's not "cool" to be a Dodger fan right now. We are sick of this team being driven into the
ground by these criminals--that is how much people care, Valentine.
What a dope.
UCSB07 said:
ocmike24 said:My ears are bleeding.
I was just driving home and flipped the dial between innings and these two absolute idiots were on Fox Sports Radio basically blaming Dodger fans for being "spoiled front-runners" and that McCourt hasn't done anything that any other MLB owner hasn't done.
This belongs in the Idiocy Thread, because it was the absolute stupidest thing I think I've heard in a while.
That along with this gem, i want to punch both these people talking about the situation, they basically blame MLB for all the problems and that the fox deal would have fixed everything. At least they mention that they are owned by fox
grabarkewitz said:Don't know much about Tim Rutten, but damn, he gets it.
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