Tuesday, June 21, 2011

No Deal Between Dodgers and FOX


Major League Baseball Commissioner Bud Selig has rejected a proposed $3 billion television-rights deal between the Los Angeles Dodgers and Fox, effectively negating a post-divorce property agreement reached by owner Frank McCourt and his ex-wife, Jamie.

The announcement set the stage for a potential legal battle between Frank McCourt and the league over control of the team.

Selig said he sent Frank McCourt a letter detailing the reasons for his decision. But he said the proposed deal was "structured to facilitate the further diversion of Dodgers assets for the personal needs of Mr. McCourt."

An attorney for Frank McCourt called Selig's decision "potentially destructive to the Los Angeles Dodgers and Major League Baseball." Steve Susman said McCourt and his attorneys "plan to explore vigorously our options and remedies."

Under the McCourts' settlement deal announced Friday, both sides agreed that Gordon would preside over a one-day trial Aug. 4 to determine if the team belongs exclusively to Frank McCourt or if his ex-wife has a 50-50 ownership under community property.

LAMediaWatch.com

No comments:

Post a Comment