berifen 50mg lovegra information technology kmart pharmacy generic d advantage rent a car denver airport primox por remeron without prescription 5mg cialis 360 day supply cialis and viagra together order viagra in canada on line salazopyrin en tabs 500mg metronidazole us online pharmacy medicines original viagra from canada brand viagra 50 mg for sale cheap accutane mirapex er .75 side effects vibrox medicine man glucotrol xl 5mg rogaine rebate formrollbox online pharmacy no prescription canada vegro 50 sildenafil tablets ip cerco pfizer viagra coupons from pfizer arthrotec medication for arthritis cardinal richelieu musketeers zocor medications vt logistics metformin mexico lamictal for depression and anxiety benemid probenecid colchicine sotalol hcl 80mg medicine macrodantin side effects in dogs mckesson promethazine with codeine natija dyal 9wilbat aliviosin dyal gholdor mens viagra epharmacy online calculator seroflo diskusije precio bioticaps silagra uk suppliers tenormin side effects doctor how can i get viagra without a doctor duloxetine hcl dr 30 mg side effects zestril on line affordable fenofibrate 160 mg cytotec medicine side effects alphagan p 0.1 cost generic viagra from canada remeron antidepressant remeron sleep indomethacin 25mg gout generic norvasc 10mg topiramate 50 mg tablet vicodin withdrawal symptoms addiction adalat serial dec 2013 you tube lasuna plantronics malaseb dog shampoo whats in it minocycline buy 50mg cataflam medication blood pressure pills online how to remove lasaoren search engine buy tetracycline ointment parkering vigra flyplassvigrande types of drugs viagra spain moduretic drug mart mirtazapine 30 mg tablet periactin appetite stimulant children norvasc 0 dollars 28 center cialis super active reviews decadron steroid side effects atenolol for anxiety disorder minoxidil 2 topical solution want to order viagra cialis online which is better viagra or cialis cenveo envelope medication without perscripton pay with check by phone winstrol v stanozolol for dogs advair side effects weight gain buy ssri online suhagra tablets buy femara uk world drugstore generic paypal maxifort zimax pills lyrics folcres panalabs where to get viagra prescribed ibuprofen 600mg tablets 19 avana stonebriar the colony tx phexin boats xeloda side effects stomach pain meclizine 12.5mg tablets for dogs purchase trazadone with mastercard cialas las vegas pharmacies paxil withdrawal side effects dermizol crematorium how to take cialis actavis promethazine codeine canada cytotec cuantas pastillas trae la caja amoxicillin no script meds prinivil lisinopril tablets accutane 60 mg percocet withdrawal symptoms acetaminophen viagra trial sample fluoxotine without a prescription anafranil 10mg oxycodone eltroxin 0 1mg is how many mcg viagra billig ohne rezept viagra canada pharmacy scam promethazine hcl purchase arava cycline enterprise coupon tryptizol drug mart amerimedrx model car prescription free viagra januvia medication blood sugar himcolin gel how to use in hindi augmentin canadian pharmacy cyrux misoprostol pills online cytotec donde comprar en usa floxin antibiotic dosage retin a 0 1 no prescription colcrys side effects death flonase over the counter version aciphex generics trileptal medication for seizures isoniazid side effects doctor comprar cialis por internet prednisone and alcohol interactions lumigan eye drops price were to buy viagra in alberta propranolol buy mastercard depakote er do i need a presciption for viagra sleeping boys rxrelief pharmacy discount card review como comprar viagra cialis gunstig kaufen 40mg citrate of magnesia laxative doctor carafate over the counter amiloride hcl side effects generika drugstore paranaque clomiphene 50mg for men terramycin ophthalmic ointment for humans mexico no rx viagra trimetabol uso etf paxil generics cheap zoloft no prescription tadapox in india magnesium citrate side effects benefits dr weil mirtazapine 15 mg tablet flagyl us pharmacy artane dosage information albenza dosagesalbutrolaldactone septra effect on prostatitis metallica songs written by dave mustaine provigil weight loss stories flonase otc or rx anafranil pills when does cialis peak cheapest propecia uk coversyl perindopril 4mg generic viagra for sale online viagra cheap sri lanka viagra acheter viagra contre remboursement online pharmacy uk no prescription ketrel crema amoxicillin 500mg capsules uses vipps online pharmacies for viagra price hydrocodone without insurance vigra vegetal atarax 25mg for anxiety xlpharmacy canada medicines from mexico zineryt cenacle laxifen tabletas digitalizadoras where to buy allgra d online duvadilan drug study pregnancy medication viagra online ordering prednisona efectos secundarios orderpharma reviews for fifty relafen uses amantadine medication for parkinsons cytotec side effects on baby sildenafila tantrix cialis 5mg from india toronto viagra pharmacy torontodrugstore online clopidogrel bisulfate plavix pharmacy near memphis tn macrobid for utis alli tablets discontinued insurance coverage for viagra rocket launchers at buyback staxyn 10 mg coupons comprar pfizer en estados unidos raloxifene hcl 60 mg diovan hct no prescriptions ephedraxins ingredients haloperidol dosages aprovel 150mg pret lantus coupons zyrtec coupons $5 2013 vibramycin side effects metformin and pregnancy test adderall and pregnancy safety naproxen vs ibuprofen thyroxine levels high india cipro celexa weight gain celexa drug para que sirve metronidazole 500mg levitra side effects long term chloroquine malaria dose home made viagra depakote toxicity level estrogen pill for purchase pharmacy rx 1 canada buy accutane no prescription overnight domperidone maleate used achat de viagra en ligne au canada generic viagra sample pack walgreens coupons policy comprar cialis de 5mg apertium wikipedia linezolid zyvox dosage www canadapharmacy 24 tylenol dosage chart by weight metformina 850 dosis recomendada de vitamina decadron no script overnight shipping canadian generic viagra echeck zithromax 250 mg uses tadalafil 200 bactrim antibiotic side effects diarrhea atarax medication for panic attacks buy domperidone gupisone prednisolone 5 mg usage of internet amoxicillin 875 mg forzest review womenra pills doxycap doxycycline acne voltaren dosing card printable terramycin ophthalmic ointment 1/8 oz nizoral shampoo hair loss women esomeprazole magnesium drugs buy neurontin from india viagra warfarin diet restrictions vitamin k permethrin spray clothing discount tadalafil viagra testpackung soviclor tabs for stairway zithromax nc buspirone 5mg side reviews buy haldol online thyroxine on line over the counter fertility pills overseas pharmacies linezolid common side effects buy cheap caverta cialis acquistp xlpharmacy coupon discount code insurance commissioner louisiana sustiva medication purchase viagra cheap optimmune o.2 3.5gm tube famvir medications zantac 150 and pregnancy pravastatin medication generic name cialis pricetesco 30 day free trial voltaren canadian cheap meds dostinex side effects cabergoline dostinex kamagra order uk prednisolone eye drops side effects in dogs medameds pharmacy schools dormidina opiniones de un orlistat 120mg capsules en espanol levlen 28 birth control generic zovirax buy online cialis fast cipro xr 1000 remplace le viagra suhagra 50mg trazodone cheap periactin pills metoprolol side effects metoprolol succinate lopid 600 mg triglycerides medication keflex and breastfeeding side effects prednisolone acetate ophthalmic suspension usp 1 for dogs doxazosin medication stanozolol for sale buy sildenafil 100mg irbesartan generic equivalent desyrel medication 100mg viamedic com veterans day 2015 bupropion hcl xl 300 mg metformin drug store canada cyproheptadine weight gain find discount cialis dalacin c antibiotic 300mg primox medication lowest price on viagra how can i buy warfarin 90 5 mg minocin for rheumatoid arthritis nolvadex pct cycle buy zopiclone usa viagra oneline in eu ceftin and alcohol interactions elavil no prescription minocycline cost without insurance ospamox prospect pret medazole 200 trileptal side effects children yasmine petty man temovate cream ixel milnacipran drug canesoral side effects yasminelle tablets for toddlers elocon cream and eczema pergotime tablets at walmart drugs no prescription needed ic diltiazem er side effects para que sirve clorfenamina midamor manufacturer couponminaknemincorp order clomid fast shipping low cost flomax without prescription vasotec dosage benazepril hydrochloride tablets 20 mg artane medication dosage atenolol side effects therapy dogs for anxiety doxazosin mesylate 2mg what is the novolog sliding scale chart effexor without prescriptions cialis online bulgaria venlafaxine 37.5mg price cefabiot 500mg equals donepezil without a prescrib ampicilina 500 dosis buy imigran recovery buy viagra pay with visa eutirox 25 mg bactrim online without a prescription canada 24 pharmacy europe pharmacy levitra dosage medication doctor buy viagrawith echeck or ach celebrex 200mg estrogen pills drugstore xenical cost canadian pharmacyniaspan thyroxine side effects canine buy minocin online paroxetine 30mg online india pharmacy stromectol 3mg tablet lopressor 25 mg iv zyrtec coupons where can i buy depokote with paypal generic cialis super active tetracycline buy canada north american pharmacy phenergan suppository dosage where to buy effexor over the counter arthritis of the spine pictures viagra vs cialis reviews nymphomax reveiws prescription viagra on line adderall canada pharmacy what is dyazide medication viagra senza ricetta in farmacia doxycycline hyclate 100 mg price of viagra shipped from usa to usa buy elimite cream without prescription order propecia 5 online coupons for cialis is it safe to take 2 5mg cialis pills what is the best viagra mg crestor rosuvastatin price 372 prometrium without prescriptions buy penicillin for std alfuzosin 10 mg daily nizagara vs viagra buy citodon viagra tablets in delhi aricept drug company prednisone 10mg dose pack directions zyban to quit smoking buy cialis ottawa roaccutane 40 mg usa pharmacy online reviews cleocin side effects medication best generic viagra differin coupon xenical south africa cialis pharmacy us online birth control can you buy ciprofloxacin 500 mg online buy telmisartan online canada healthcare mall motilium domperidone side effects cialis pills cheap nurse teaching for patients on exelon patch for alzheimers lorazepam informati best pills to get high zyprexa 0 dollars 63 cents topamax dosage weight loss nizoral shampoo where to buy generische apotheke hydroxyzine hcl side effects zestril dosages revia medication treatment buy cialis black comprare online kamagra l cream buy cialis 10mg uk doxycycline hyclate 100 mg for dogs vipps online phamarcy canadian valtrex trim active plus predisone with out script vibrox medicine ball polarmeds in canada they celebrate cialis israel zenegra reviews of 50 what drug is similar to stromectol antabuse implant uk norvasc 5 mg generic effexor withdrawal symptoms differin cream for wrinkles diazepam dosage for children lasix no rx xanax avant dentiste paxil side effects medications doxycycline hyclate 100mg sale phenergan and pregnancy tests lotrel side effects anxiety adipex diet pills cheap awc drug store phexin bd 750mg antibioticsphizerpiadas canadian pharmacy cialis ltd starcef capsule antabuse reaction diovan hct side effects cough morphine band t shirt buy cheap albendazole generic drugs online ivermectin scabies where to buy pamabrom vs lasix baytril otic drops viagra online with amex femara drug fertility buy decadron online cialis 100mg dosage prednisone for sale in mexico kamagra safe and cheap on line ceftin side effects weight gain cheap kamagra paypal uk has viagra price dropped acutane 10 mg online purchase order cialis by phone 73 robaxin dosage for dogs cialis brand what is donepezil medication used for viagra delivered to home mirapex medication cost levitra paypal vytorin coupons price of viagra in uk uk pharmacies ketoconazole generic bactrim 960mg glaxo cialis buy adalat serial 19 april 2014 decadron without a prescription vytorin medication info imitrex injections for migraines naprosyn side effects naproxen prevacid side effects in infants buy viagera online metformina clorhidrato 850 cialis generic vs brand buy tretinon cnbc radio viagra commercials buy viagra south africa nsu treatment antibiotic azithromycin potassium levels too high aldactone generic namesaldara what is amitriptylinehcl cardura 2mg dosage viagra 800 gold where to buy diabecon tablets zenegra generic viagra rogaine for men extra strength no prescription generic abilify cheap rhine ink finax finasteride cialis tadalafil lilly advair side effects dose beprogel lotion bottles stromectol dose amaryl medication side effects estradiol patch dosage crema elocom claravis side effects rash fentanyl transdermal patch strengths ospamox amoxicillin 1000mg
Home MLB News MLB Club Sales MLB Rejects FOX Deal for Dodgers, McCourt Threatens Legal Actions

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 1048 guests online

Atom RSS

MLB Rejects FOX Deal for Dodgers, McCourt Threatens Legal Actions PDF Print E-mail
User Rating: / 16
PoorBest 
MLB Club Sales
Written by Maury Brown   
Monday, 20 June 2011 19:46

It came as no surprise today that Commissioner Selig rejected the proposed FOX television contract extension with the Dodgers. The deal, which had $385 million in up-front money as part of a $3 billion deal, was tied to a divorce settlement between Frank and Jamie McCourt.

Commissioner Selig released a statement, saying:

“Pursuant to my authority as Commissioner, I have informed Los Angeles Dodgers owner Frank McCourt today in a detailed letter that I cannot approve the club’s proposed transaction with FOX. This decision was reached after a full and careful consideration of the terms of the proposed transaction and the club’s current circumstances. It is my conclusion that this proposed transaction with FOX would not be in the best interests of the Los Angeles Dodgers franchise, the game of Baseball and the millions of loyal fans of this historic club.

“Mr. McCourt has been provided with an expansive analysis of my reasons for rejecting this proposed transaction. Critically, the transaction is structured to facilitate the further diversion of Dodgers assets for the personal needs of Mr. McCourt. Given the magnitude of the transaction, such a diversion of assets would have the effect of mortgaging the future of the franchise to the long-term detriment of the club and its fans.

“As I have said before, we owe it to the legion of loyal Dodger fans to ensure that this club is being operated properly now and will be guided appropriately in the future. This transaction would not accomplish these goals.”

In a sign that Frank McCourt will most assuredly be suing MLB in order to allow the deal to go through, the Dodgers released a statement through McCourt’s lawyer, Steve Susman of the law firm Susman Godfrey:

“We are extremely disappointed with the Commissioner’s rejection of the proposed FOX transaction which would inject $235 million into the Los Angeles Dodgers.  As Commissioner Selig well knows, this transaction would make the Dodgers financially secure for the long term and one of the best capitalized teams in Major League Baseball.

“For  weeks Major League Baseball  has consistently made public pronouncements asserting that Jamie McCourt’s agreement of the Fox transaction also was  needed; that the Court adjudicating the McCourt divorce grant its approval of the transaction; and the Dodger organization provide all data requested by Major League Baseball to satisfy the so-called investigation ordered by  Commissioner Selig last April – the latter also being the excuse he gave at that time  for delaying his approval of the proposed FOX transaction.

“All the requirements for the Commissioner to approve the FOX transaction were put in place by last Friday: Frank and Jamie McCourt entered into an agreement based on the proposed transaction; the Court ordered, among other things, that the FOX transaction is “in the best interest of the Los Angeles Dodgers and should be consummated immediately;”and all information requested by Major League Baseball under its so-called investigation has been provided by the Dodgers.

“Commissioner Selig’s letter of rejection is not only a disappointment, but worse, is potentially destructive to the Los Angeles Dodgers, and Major League Baseball.  Accordingly, we plan to explore vigorously our options and remedies with respect to Commissioner Selig’s rejection of the proposed FOX transaction and our commitment to protect the long-term best interests of the Los Angeles Dodgers.”

The reason for the rejection lies within the Susman response: just $235 million of the $385 million in money fronted would go to the Dodgers. As highlighted in the proposed divorce settlement between Jamie and Frank McCourt reached last Friday that was contingent on the approval of the FOX extension.

In reading the settlement terms, out of that infusion of cash in the rejected FOX extension , each party would have received $5 million in attorneys’ fees and costs… each party would have received $5 million to use has he or she desires. From there, the approx. $235 million would have gone to the Dodgers, but the caveat was that it would have included repayment back to Frank to advance the Dodgers in 2011, a sum that was not to exceed $23.5 million. An additional $80 million was to be used to pay down indebtedness, and the remaining amount of approx. $50 million would be put into an account subject to McCourt’s orders.

As we wrote last week (see Divorce Settlement Shows Frank McCourt is Rearranging Deckchairs on the Titanic with the Dodgers):

Frank, you’re on the edge. The only thing saving you from losing the Dodgers is the FOX deal. There seems little reason for the league to approve it. It’s clearly needed to deal with a personal matter, not improve attendance at the ballpark or the team on the field.

Frank, you’re rearranging deckchairs on the Titanic now to meet payroll each month. There’s little hope MLB will be willing to let you do so with the FOX television extension.

That was then, and here we are now. On August 4, unless McCourt were to somehow wrangle the TV deal away from MLB, Judge Scott Gordon will likely order the Dodgers sold and the proceeds split between Frank and Jamie. Before then, it’s also likely Frank will be unable to make payroll (although he has somehow been able to reach payroll each of the last 2 months by taking cash advances on sponsorship deals. Eventually, McCourt will be bled dry, and MLB will seize the club.

As far as the chances of Frank winning in court by suing Commissioner Selig, consider this portion from MLB’s Constitution (bolding, author):

The Major League Clubs recognize that it is in the best interests of Baseball that all actions taken by the Commissioner under the authority of this Constitution, including, without limitation, Article II and this Article VI, be accepted and complied with by the Clubs, and that the Clubs not otherwise engage in any form of litigation between or among themselves or with any Major League Baseball entity, but resolve their differences pursuant to the provisions of this Constitution. In furtherance thereof, the Clubs (on their own behalf and including, without limitation, on behalf of their owners, officers, directors and employees) severally agree to be finally and unappealably bound by actions of the Commissioner and all other actions, decisions or interpretations taken or reached pursuant to the provisions of this Constitution and severally waive such right of recourse to the courts as would otherwise have existed in their favor.

To add to the passage in the ML Constitution there's this: Tom Hicks had a TV extension with FOX rejected by the league when the Rangers were falling into bankruptcy. The position of the league was the same: using money to improve the ballpark, or pour into player payroll is acceptable. Allowing money to come in via an extension to deal with personal issues of debt, is not. Frank McCourt, you aren't the first to be told no.


SPECIAL BUSINESS OF SPORTS NETWORK REPORTS:
The Labor Battle in the NFL. See BizOfFootball.com for details

Welcome to the 2011 Business of Sports Network Autism Challenge


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Follow Maury Brown on Twitter Twitter

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?