« Vucurevich In U.S. Bankruptcy Court | Main | Crystal Cathedral to be used as college campus in bankruptcy deal »

October 25, 2011

"Dodgers owner Frank McCourt looted nearly $190 million from the Los Angeles team, using the money for non-baseball use in violation of Major League Baseball rules, according to Delaware bankruptcy court documents filed on Monday....

It's the first time the league has specified an amount, the Los Angeles Times said....

The league claimed McCourt funneled $73 million in parking revenue through Blue Land Co., a non-team related entity, and he used $61 million in team revenue to pay off personal debts. The court documents also said McCourt took $55 million from team revenue for personal use...

A flurry of bankruptcy documents filed Monday also said San Francisco Giants fan Bryan Stow, who was severely beaten in the Dodger Stadium parking lot on opening day, could be a central figure in next week's critical bankruptcy court hearing in Dover, Del. Stow lawyer Thomas Girardi has said his client's medical bills could exceed $50 million.

Stow's representatives sit on the official committee of creditors.

An earlier court document said there were 197 sworn police officers were on duty the day Stow was attacked, and it noted McCourt was the Dodgers owner to hire uniformed Los Angeles police officers. 'McCourt, however, omits the fact that he removed uniformed officers before the 2011 season, including the opening game when Stow was so seriously injured,' the league responded in its filing on Monday."

Read more here.

October 25, 2011 in Current Affairs | Permalink


TrackBack URL for this entry:

Listed below are links to weblogs that reference :


Post a comment