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Pretty soon (if not soon enough) we'll likely have heard the last of Frank and Jamie McCourt. But first there are a few hundred million dollars to be gotten.
Jan 20, 2012 - Soon, perhaps quite soon, you'll no longer have to see the name McCourt in these pages, at least not nearly as often as you've been seeing it for the last year or so.
The latest McCourt news?
Thursday, a judge signed off on the McCourts' divorce settlement, and Frank owes Jamie $131 million. I think she got all the houses, too. Should be good through the end of this year, anyway.
But don't feel too terribly sorry for Frank. It gets sort of complicated, but according to ESPN.com's Lester Munson, McCourt might soon be getting a lovely little -- I mean, huge -- settlement check of his own ...
None of the lawyers involved in the McCourt-Bingham dispute would discuss it with ESPN.com, but there is little doubt that it will be one of the largest legal malpractice cases in the history of American jurisprudence. If the auction goes badly, McCourt's damages could be more than $500 million.
Now, it's true that Frank McCourt's piled up some serious debts over the years. But he still owns the Dodger Stadium parking lots, which are worth about as much as endless oceans of concrete can be worth. This is just an educated guess, but I suspect than when everything's shaken out, McCourt will have lost the Dodgers but escaped with a significant fortune despite having, in humiliating fashion, run an immensely valuable property into the ground.
I guess sometimes being in the 1 Percent ain't so bad after all.
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Rob Neyer:
Everything Coming Up Roses (i.e. Dollars) For McCourts
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Comments
First against the wall.
My boy's got CLOSER MENTALITY!
Pithy.
by Lies and Perfidy on Jan 20, 2012 3:39 PM EST reply actions
Lester Munson? Really?
Legal malpractice cases don’t settle for $500 million. I should know, I defended them for 15 years. Yes, the McCourts’ lawyers did appear to err, but damages are often speculative and difficult to prove. Putting $500 million on Frank’s side of the ledger at this point is a gross overstatement.
@hangingsliders
facebook.com/hangingsliders
by Wendy Thurm on Jan 20, 2012 3:57 PM EST reply actions
If a misplaced codicil isn't worth $500M...
…why the hell did we fight the Russians on the beaches of Pearl Harbor?
"It's a pass so cunning you put a hat on it and call it a weasel" - #englishfootballjournalism
by Hot Cup Joe on Jan 20, 2012 4:09 PM EST up reply actions 2 recs
Or
Why in the world did the Roughriders take Gettysburg?
Why did George Washington chase the money changers out of the jewish temple?
Why in the hell did former President W. Bush invade Mexico?
Why was General Sam Houston removed from his position by President Ronald Reagan?
I'm a proud fan of the Minnesota Twins and Dallas Cowboys!
"Life is precious and time is a key element. Let’s make every moment count and help those who have a greater need than our own." – Harmon Killebrew
I would like to see Dallas vs the Giants on Thanksgiving, Make it happen NFL!
Check out my eBay items.
by Jessy S on Jan 31, 2012 2:25 PM EST up reply actions
Lester Munson’s credibility is dubious, at best.
Adopted father of Chris Lincecum, without whom (quite literally) Timmy would not exist.
by speckops on Jan 22, 2012 2:36 AM EST up reply actions
Not envious
If being in the one percent means spending huge amounts on a wife who ends up (probably) cheating on me, going through years of an expensive and public divorce, getting screwed by lawyers I pay a ton of money to, being reviled for damaging a beloved baseball franchise, and then settling for nowhere near $500 million (and it won’t be anything close to that) with the lawyer who screwed me, I want no part of it.
by jlars on Jan 20, 2012 5:02 PM EST reply actions 2 recs
Ahem-- Ahem....
…. God bless America!!!!
"We praise or blame as one or the other affords more opportunity for exhibiting our power of judgment." Friedrich Nietzsche, "Human,All Too Human" (1878)
by wgarrett on Jan 22, 2012 1:36 PM EST reply actions
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