"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.
Wednesday, March 28, 2012
Andrew Zimbalist on Frank McCourt's sale of the Dodgers