Originally written on The Biz of Baseball  |  Last updated 11/8/14

LOS ANGELES, CA - AUGUST 30: Frank McCourt leaves Los Angeles County Superior Court after day one of a non-jury divorce trial on August 30, 2010 in Los Angeles, California. The trial, being presided over by Judge Scott M. Gordon in California Superior Court, is to decide whether Frank McCourt is the sole owner of the Los Angeles Dodgers baseball team or his estranged wife and former Dodger CEO Jamie McCourt still has ownership stake in the team. (Photo by Kevork Djansezian/Getty Images)
The record $2.15 billion sale of the Los Angeles Dodgers will not close on time. As the clock continues to click, the April 30 date that had been targeted to match a $131 million divorce payment to Frank McCourt’s former wife Jamie will not happen, according to anonymous sources to the Los Angeles Times. McCourt had already got a $140 million “bridge loan” to ensure that if Guggenheim Baseball Management – the group led by Mark Walter, Magic Johnson, and Stan Kasten, missed the date; he could ensure payment to his former wife. Exact reasons for why the deal did not close on time have not yet surfaced. A source to The Biz of Baseball would only say that closing the sale “hit a snag.” While there is a delay, there is no sense from sources that the sale is in jeopardy. According to the LA Times article, the hope is that the deal will now close on Tuesday. MORE DETAILS AS THEY BECOME AVAILABLE Maury Brown is the Founder and President of the Business of Sports Network, which inclu...
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