Category: Baseball

Dodging responsibility: Part 4, Taking the business hostage

11 August, 2011 (10:14) | Bankruptcy, Baseball, Dodgers, Enforcement, Frank McCourt, Receivership, Regulation, Theory, US News |

By:David A. Smith   [Continued from yesterday's Part 3 and the preceding Part 2  and Part 1.]   As we’ve seen in the first three parts, when a charlatan gains control of a valuable, regulated asset, he can cause no end of trouble, in all the ways that Frank McCourt has already done, including put the entity […]

Dodging responsibility: Part 3, Converting entity assets to personal use

10 August, 2011 (14:27) | Bankruptcy, Baseball, Dodgers, Enforcement, Frank McCourt, Receivership, Regulation, Theory, US News |

  By:David A. Smith   [Continued from yesterday's Part 2 and the preceding part 1.]   By now it’s apparent that Frank McCourt is a disgrace to baseball, and yet his shamelessness knows no bounds.  As highlighted by ESPN.com’s July 22 summary (blue Calibri) and a relentlessly eviscerating 11-page letter from Commissioner Bud Selig to Dodger […]

Dodging responsibility: Part 2, Devaluing a great property

9 August, 2011 (11:36) | Bankruptcy, Baseball, Dodgers, Enforcement, Frank McCourt, Receivership, Regulation, Theory, US News |

By:David A. Smith   [Continued from yesterday's Part 1.]   A sponsor or general partner can be bad through incompetence, neglect, malfeasance, or outright thievery, and as we saw yesterday, Los Angeles Dodger owner Frank McCourt seems to have been hitting for the cycle.   That’s good, isn’t it?   To demonstrate this, I’ll be […]

Dodging responsibility: Part 1, Flouting the rules

8 August, 2011 (10:27) | Bankruptcy, Baseball, Dodgers, Enforcement, Frank McCourt, Receivership, Regulation, Theory, US News |

By:David A. Smith   For the next several days, I’ll be posting about the financial mess that is the Los Angeles Dodgers – a self-inflicted catastrophe for which only one man is responsible, Frank McCourt – because the information already in the public domain demonstrates that, assuming the facts are as they have been reported […]