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Monday, September 9, 2013

Snookered

Every now and then (generally on a daily basis) someone elsewhere complains that their share of Bakken royalties is not fair, but be that as it may, here's a a great story for those who thrive on schadenfreude.

I don't know how many have followed the divorce proceedings of the husband-wife team who own the Los Angeles Dodgers, but here's the story today, as being reported by The LA Times:
Jamie McCourt has no legal basis to force her ex-husband to share his record profit from the sale of the Dodgers, a judge ruled Monday.
In a 57-page ruling, Los Angeles Superior Court Judge Scott Gordon repeatedly dismissed Jamie McCourt’s claim that she was unaware of the potential values of the Dodgers and of a regional sports network as “not credible.”
Frank McCourt sold the Dodgers for $2.15 billion last year, five months after Jamie McCourt accepted $131 million in a divorce settlement. Guggenheim Baseball Management, the new owners, subsequently agreed to an $8.5-billion deal with Time Warner Cable to launch a regional sports network centered on the Dodgers.
I can't get my hands around these huge numbers, but $2.5 billion is 2,500 million dollars. So let's say $2,500. She got $131.

She needs to sue her attorney. She may not have been aware of the potential value of the Dodgers and a cable television deal, but certainly her army of $1,000/hour attorneys should have. Wow. Call me flabbergasted.

If I were he, I would hire a lot of body guards: "hell hath no fury like a scorned woman."

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By the way, some sad news. In the same newspaper today, it was announced that Cal Worthington died. I grew up with Cal (on television). One of the originals.

Cal Worthington And His Dog Spot

Back in the 70's and 80's I drove by Cal Worthington almost every day when visiting California. Great memories.

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