Jonah Keri, on Frank McCourt, former LA Dodger owner:
Instead, McCourt will walk away with about $1 billion, even after paying off all his debts. He’s not even completely out of the Dodgers picture. Per the sale’s press release: “Mr. McCourt and certain affiliates of the purchasers will also be forming a joint venture, which will acquire the Chavez Ravine property for an additional $150 million.” Meaning McCourt and the new owners will jointly own the parking lots around Dodger Stadium — though McCourt will merely be a minority owner, able to pursue development deals on the lots with the new ownership group holding final veto power.
How does a person run a team into the ground and come out smelling like a rose on the other side?