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When occured: 
Fri, 2011-06-17

 Los Angeles Dodgers owner Frank McCourt and his wife Jamie reach a divorce settlement that will determine the fate of the team. A judge will decide at a one-day trial on August 4th whether the team is the sole property of Frank McCourt, as he claims, or community property of the former couple, as his wife pretends. If the ruling is the latter, the property will be split 50-50 between the two estranged spouses, forcing the sale of the team. But even if Frank McCourt's claim is upheld, his shaky financial situation, including an expected $100 million payment he is likely to be ordered to make to Jamie, could also result in the team's sale. The divorce settlement will become null three days later when Commissioner Bud Selig rejects a proposed television deal with Fox Sports on whose execution the settlement was based.

 

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Tagged:
Bud Selig, Frank McCourt, Los Angeles Dodgers

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