The question of who owns the Dodgers will soon be determined next year in the latest saga of the McCourt divorce. The divorce trial is expected to take place in the Spring or Summer of 2012 and last about 30 to 45 days.
To recap, Frank McCourt claims sole ownership of the Dodgers while soon to be ex-wife Jamie claims that she owns half. It is unclear when the Dodgers will emerge from federal bankruptcy protection. After the Dodgers took a $150-million bankruptcy loan from Major League Baseball, Frank McCourt’s attorneys said the team had funding to operate until well into next season.
Although Superior Court Judge Scott Gordon could decide ownership of the team before the bankruptcy proceedings end, he emphasized Wednesday that “the ultimate question of the disposition of the Dodgers” would need to wait for a resolution in Bankruptcy Court. Until the issue gets out of bankruptcy court, the team cannot be sold through the family law court.
The 2012 trial would resolve all remaining Los Angeles county divorce issues, including team ownership, permanent support and division of assets. Frank McCourt hopes to show the Dodgers are his alone by tracing their ownership to a company he founded before marriage, an effort both sides said would require tracking funds for more than three decades.
Additionally, this past Wednesday, the parties agreed that Frank McCourt would continue to pay $225,000 per month in temporary spousal support. However, the court eliminated the $412,000 per month he has been paying to maintain the couple’s residential properties — pending a November hearing.
One of the couple’s two Holmby Hills homes was sold last month. The proceeds from the sale of said home will fill the support gap. Two properties in Massachusetts and another in Montana are for sale, according to court documents.
The McCourts are scheduled to return to court Nov. 17 and 18, when Judge Gordon is expected to hear arguments on spousal support and attorney fees and set a trial date.
From an Orange County divorce lawyer’s perspective, its never easy going through such a heated and contested divorce, especially when millions of dollars are at stake.
Contact an Orange County divorce lawyer for more information.