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Mar
20

Selig monitoring Dodgers ownership situation closely

By Allan

In an impromptu news conference held on Sunday, commissioner Bud Selig spoke about the Dodgers’ ownership situation.

“I’m not going to say anything [about that] today,” Selig said. “I have monitored it, and I am monitoring it very closely. But I think that any further comment at this point would be very inappropriate.”

Current owner (ex-wife Jaime is still fighting for 50% ownership via the court system), Frank McCourt, has said that he has no plans to put the team up for sale despite the many questions about his financies.

Selig recently stopped McCourt from borrowing $200 million from FOX which Tony Jackson of ESPNLosAngeles.com says would put more pressure on Frank McCourt to sell the team.  McCourt wanted to use the Dodgers’ cable television rights as collateral, extending the team’s current contract with FOX by as many as four years if he did not repay the loan.

One possibility that was mentioned in January was the possible involvement of billionaire financier Tom Gores.  Gores and his brother Alec were rumored to be interested in purchasing the club, but those rumors were denied.

Categories : team