Fox Sports has reported that Los Angeles Dodger’s owner Frank McCourt, and Dodger’s CEO Jaime McCourt are in the middle of divorce proceedings. It’ll be interesting to see how all of this is played out given that California community laws would split the franchise at 50% each. The Dodgers are valued at $722 million according to Forbes magazine. The McCourt family have a combined net worth of $1.29 billion.  The McCourts took controlling interest of the Dodgers in 2004 from Fox Entertainment Inc.

A similar episode occurred last year with the San Diego Padres organization and then owners John and Becky Moores. The $385 million Padres franchise (as valued by Forbes magazine), was eventually sold to John Morad.  It is believed that due to the divorce and the financial situation of the Padres organization, high priced players such as Jake Peavy were moved.  The Moores were high school sweethearts and did not have a pre-nuptial agreement in place at the time of their divorce.  It is not known if the McCourt’s assets were prearranged.