Wednesday, March 28, 2012

Andrew Zimbalist on Frank McCourt's sale of the Dodgers

From ESPN:

"It's problematic," Zimbalist said. "He was looking for some kind of ongoing income stream and he got it. Here's a guy who borrowed practically all the money to buy the team for $430 million and now he's selling it for $2.15 billion and he's coming out with a healthy capital gain -- it's repulsive. This is someone who doesn't deserve to walk away with a healthy profit after eight years of running the Dodgers in the most egregious, the most inefficient, the most self-interested, and the most vainglorious, idiotic way possible. It really is repulsive that he will still be making a profit in some way."

If ever there were a parable about how some people can thumb their nose at the rules and make out like bandits, the story of McCourt's ownership of the Dodgers is it. 


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