THE CLOSEST FRANK AND JAMIE MCCOURT ARE GOING TO COME TO A BILLION DOLLARS
A tip of the hat to Fanhouse.com for coming up with the quintessential story on Los Angeles Dodgers owners Frank and Jamie McCourt. The McCourts are currently going through a nasty Hollywood divorce. As part of her divorce filing, Jamie McCourt is demanding $400,000 per month from her soon-to-be ex-husband in “spousal support.” However, there’s a problem. Fanhouse says, according to court documents filed by Frank McCourt himself, he’s a little cash poor and can’t afford the payment.
Care to take a guess at Frank McCourt’s entire net worth?
Would you believe that (not including the Dodgers) Frank McCourt has a total of $167,000 in the bank. That’s not a lot for a guy who’s claimed to be a “billionaire.” As Fanhouse hilariously points out, that’s less than one week’s salary for Dodgers reserve outfielder Juan Pierre. The McCourts have been paying for all of their living expenses, including private jet travel, by charging it to the Dodgers. Living expenses that include this $46 million Malibu mansion:
It’s pretty bad when practically every single homeowner who reads this post has a “real estate empire” greater than Frank McCourt’s. Now you know why McCourt’s wife was commiting adultery with a guy she thought was an heir to the Pillsbury fortune, but who in reality turned out to be a deadbeat dad who beats pregnant women.
The story is also yet another example of what a complete and utter buffoon Major League Baseball commissioner Bud Selig is. When Rupert Murdoch and Fox sold the Dodgers in 2004, Selig personally lobbied for McCourt as the club’s new owner. This despite the fact that McCourt literally had NO MONEY. McCourt owned ONE parking lot in Boston. Murdoch and the bank let McCourt put the parking lot up for collateral when he went to buy the Dodgers. Eventually, Murdoch accepted the parking lot as full payment for the Dodgers. Murdoch flipped the property for $200 million in cash.
Bank of America certainly knew how broke McCourt was. They actually put a clause in the the Dodgers deal that prohibited McCourt from paying himself more than a $5 million annual salary. Since McCourt only has $167,000 in the bank, it’s a good thing he paid himself the $5 million. The B of A clause also reveals what a sham Jamie McCourt’s being named “the highest ranking female executive in baseball” was. Making her Dodgers CEO was just a scam by the McCourts to pull more cash out of their Dodgers piggy bank.
BUD SELIG: SURE CAN PICK EM!