Found October 25, 2011 on Baseball Musings:
Mccourt-mccourt
Major League Baseball accused Frank McCourt of looting the Dodgers of $190 million. In filings in a Delaware court, MLB said McCourt took $189.16 from the club — $73 million in parking lot revenue through a separate company, $61.16 to pay personal debts, and $55 million for personal distributions, the Los Angeles Times reported, citing documents. “The Dodgers are in bankruptcy because McCourt has taken almost $190 million out of the club and has completely alienated the Dodgers’ fan base,” the MLB filing said. The filing said the distributions were akin to “looting.” Last time I looked, it was Frank’s club, so he could do what he wanted with the money. I agree that MLB, as a private organization, has a right to kick Frank out of the club, but not spending money they way MLB wants is not looting. Teams that pocket their revenue sharing money rather than invest in better players might be accused of doing the same thing.
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