It’s Only Business That’s All ……….

It’s Only Business That’s All …………..

Well it shouldn’t have come as a surprise to anyone that MLB Commissioner Bud Selig deflated the balloon of Los Angeles Dodgers’ owner Frank McCourt . Finally the commissioner shows some insight after he and the league hierarchy and the team owners made a gargantuan mistake in granting McCourt the right to buy the team originally from the Fox Corporation . Furthermore , the question I still would like to ask of Selig and the owners and hierarchy is given the fact that it was well known that McCourt had several legal problems prior to the purchase what type of due diligence was used if any by the league’s hierarchy ?

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In his findings Selig rightfully stated that even with the $ 3 billion 17 year deal in place much of the funds derived from the deal would have actually gone to paying down much of the personal debt of Frank McCourt and that of his associated business interests . Much of the time we were being told by McCourt that the Dodgers as business concern was financially viable but herein lies the caveat all along ,. McCourt in cahoots with Dodgers’ CFO Peter Wilhelm had repeatedly used the team as financial collateral in a number of business deals that has absolutely nothing at all to do with the game of baseball . Much of this McCourt would keep hidden not only from certain board members but most certainly from the MLB hierarchy , thereby contravening bye laws of the game concerning debt to asset ratio all teams in the conduct of their business practices .

Courtesy of Yahoo Sports

MLB rejects Dodgers’ television deal with Fox

By Tim Brown , Yahoo Sports

Commissioner Bud Selig on Monday rejected a proposed television rights package that would have given life to Frank McCourt’s ownership of the Los Angeles Dodgers.

After a two-month investigation, Selig concluded that too much of the 17-year, near-$3 billion package with Fox would be funneled away from the Dodgers, who are straining to stay relevant under McCourt’s financial bind.

“Critically, the transaction is structured to facilitate the further diversion of Dodgers assets for the personal needs of Mr. McCourt,” Selig said in a statement. “Given the magnitude of the transaction, such a diversion of assets would have the effect of mortgaging the future of the franchise to the long-term detriment of the club and its fans.”

So arrive what could be the final days of McCourt’s ownership of the Dodgers, seven years after he purchased the franchise from Fox.

McCourt, who Friday had reached a divorce settlement with ex-wife and former team president Jamie McCourt, was notified Monday afternoon of Selig’s decision, which effectively nullifies that settlement. A portion of the $385 million advance from Fox was earmarked for Frank McCourt’s personal debt and divorce payoff .

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The sticking point for Frank McCourt now comes in the fact that he now faces having to sell the team in order to doubt meet the obligations concerning his divorce settlement with his ex wife Jamie McCourt . Beyond this , until the courts in Los Angeles make a legal verdict of their own concerning the Dodgers being a communal asset we may well see the beleaguered owner seeking his own recourse in challenging Selig with a civil suit of his own in the Federal Courts . Good luck with that Frank because of now you’re still fighting an uphill battle !

At this time of the season within baseball teams will either sink or swim not only in terms of their play but also by the decisions made by the managers . But barring that all , what could be even more telling will be the disabled list of the teams around the league . It’s not a team yearns to have one of their star players on the DL but simply tends to happen through no fault of the player or anyone else for that matter . The standings at present a different picture of what many thought would be happening but then again the game of baseball will always be literally filed with surprises . Nothing is ever guaranteed in stone in any game of chance much less a competitive team endeavor .

If you’re a San Diego Padres’ fan how must you feel at present seeing the team languish at the bottom of NL West , having won only one of their last ten games and being on a 6 game losing streak ? It’s fair to say that not only the loss of Adrian Gonzalez has played a part in the team’s downward spiral from last season but the austerity measures now in place by the front office led by principal partner Jeff Moorad , Chairman John Moores and GM Jed Hoyer . Paring down salary is one thing but I’m not so sure that this alone will assist the organization in being competitive ! This past MLB Draft saw the Hoyer prudently make choices that he and manager Bud Black make the type of decisions that will quite possibly bare fruit and come to fruition in the coming years .

Manager Bud Black and his coaching staff have their work cut for them this season if this team is to show any respite much less the resolve in showing some sign of resurgence . Ryan Ludwick , Brad Hawpe , Cameron Maybin and Orlando Hudson have all got to show that from an offensive standpoint that they can lead this team . And granted in Aaron Harang , Matt Latos and Dustin Moseley the pitching has struggled throughout much of the season . One gets the feeling that an upsurge in confidence and a win streak of 5 or six games and a few series could very well change the mindset of not just the organization but also the team .

For all of the talk about building for the future which while good it simply doesn’t fill the ballpark with fans that are being starved of success . Prospects and a farm system filled with top notch talent is one thing but simply ask the vast majority of fans if they are prepared to wait around for years merely to see in large part the team quite possibly fail or more often than not simply let go of talent that goes on to flourish elsewhere ?

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Alan aka tophatal ………. https://tophatal.wordpress.com

What thoughts if any do you have on the points raised within this piece ? Simply leave a comment or comments as to your thoughts . And as always thanks for the continued support is it is greatly appreciated !

Picture and slide show details .

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(1) Baseball Commissioner Bud Selig listens to a question during a news conference on Thursday, May 12, 2011 in New York. Selig gave Frank McCourt the face-to-face meeting the Los Angeles Dodgers owner wanted, but provided no timetable on approving a proposed $3 billion television deal with Fox that would keep the club from running out of cash at the end of the month. Selig and McCourt met Wednesday when owners began a two-day quarterly meeting at Major League Baseball’s office.AP Photo/ Bebeto Matthews ….

(2) Los Angeles Dodgers owner Frank McCourt speaks during a Dodger Stadium security news conference at Los Angeles Police Department headquarters on April 8, 2011 in Los Angeles, California. It was announced that new security measures will be implemented at Dodger Stadium after San Francisco Giants fan Bryan Stow was attacked in the parking lot after the season opener at Dodger Stadium. The beleaguered owner now having seen his lone remaining hope go up in smoke with Bud Selig revoking his deal Fox Tv now is left with nothing but to seek recourse through litigation . But herein lies the caveat should the courts not provide a verdict in his support he could very well lose the team altogether . Getty Images North America / Kevork Djansezian …………

(3) BOSTON, MA – JUNE 20: Adrian Gonzalez (28) of the Boston Red Sox celebrates a 14-5 win over the San Diego Padres at Fenway Park on June 20, 2011 in Boston, Massachusetts. (Photo by Jim Rogash/Getty Images …

(4) Orlando Hudson (1) of the San Diego Padres kicks dirt between pitches during a game against the Boston Red Sox at Fenway Park on June 20, 2011 in Boston, Massachusetts. Photo by Jim Rogash/Getty Images …….

(5) Ryan Ludwick (47) of the San Diego Padres connects for a broken-bat single during a game against the Boston Red Sox at Fenway Park on June 20, 2011 in Boston, Massachusetts. Photo by Jim Rogash/Getty Images …………

(6) At Petco Park Jan. 12 to announce the retirement of Padres pitcher Trevor Hoffman and his new position in the Padres’ front office (from left): Manager Bud Black, president and COO Tom Garfinkel , Hoffman, vice chairman and CEO Jeff Moorad, and GM Jed Hoyer. AP Photo / Phil Moyer ……..

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Who’s Minding The Store ………….. ?

Who’s Minding The Store ?

I really like to understand how it is that with the financial uncertainty that still swirls around the Los Angeles Dodgers that Newscorp through its Fox subsidiary would see fit to loan Fank McCourt of the Los Angeles Dodgers $30 million to meet the organization’s expenses in terms of paying the team’s salary and that of the other anciliary employees . With the league hierarchy of baseball having brought in C Thomas Schieffer a former Texas Rangers executive as well as being the former US ambassador to Japan to oversee the day to day operations of the Dodgers I would be under the impression that given the Dodgers’ ongoing financial difficulties the league would want to make sure that McCourt would be able to guarantee the repayment of any loan taken out by him to meet the team’s expenses. Not only that but given the fact that Frank McCourt and his now ex wife Jamie McCourt between 2004 through to 2009 had borrowed in excess of $100 million from the team without there being any record to indicate that this sum had been repaid . Now should he be unable to meet the team’s payroll over the coming month there is an even greater chance in all likelihood that the league may well have no other option but to seek the sale of of the Los Angeles Dodgers but first they would have ask McCourt to completely relinquish control of the team.

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Clearly there’s something still amiss concerning the Dodgers , their finances and the mere fact that it has taken MLB Commissioner Bud Selig and his associates within the league hierarchy to even intervene in this situation leads me to believe that their business acumen and what we’re told are sound business practices are complete and sheer utter stupidity . From business standpoint I sincerely doubt that the vast majority of the owners around the league as well as the general managers would know the actual difference between a baking sheet and a balance sheet !

As this ongoing saga continues the less faith I have in the game’s integrity and that of the league hierarchy ! Bud Selig has become a clown of inconceivable magnitude and the fact that given the idiocy of the actions of the executives within the Dodgers’ organization most notably GM Ned Colletti , CFO Peter Wilhelm and Frank McCourt , whose own actions have been so egregious and clearly premeditated I cannot understand how it is that there seems to be no punishment of the owner for his misdeeds other than the mere fact that the league has essentially taken control of the organization. There is a great deal that McCourt has chosen not to be made public and at the same time it would appear that the league wants to cover up many of its own ineptitude in the handling of this situation. Frank McCourt states that the league hierarchy all along has had within their possession a $3 billion television contract deal that would supply the beleaguered organization with all the revenues needed to meet its financial obligations . However , in light of that all the Dodgers prior to this all Frank McCourt had stated that the Los Angeles Dodgers were never in any financial danger but records simply do not bear that out with there being multiple loans taken out by Frank McCourt using the team as collateral .

The league has a mandate that no team can have a debt ratio of more than 10 ten times its earnings but clearly with the Dodgers have contravened the rules in this instance. Bud Selig for his part has yet to make it fully public as to full extent of the problems of the Los Angeles Dodgers but clearly given the wide and varying reports by from various news sources the severity of the problems were so extensive that McCourt was simply being economical with the truth. Now it remains to be seen how long Schieffer will be overseeing the Dodgers’ operations and whether or not the team will in fact end up being sold. Frank McCourt’s ex wife Jamie McCourt has made a request of the judge who presided over her divorce proceedings to seek the court to enforce the sale of the organization . The judge may well not proceed with such an adjudication given the situation at present wherein the league has taken control over the organization. But it would not surprise me that the league’s own legal counsel could well seek out potential buyers for the Los Angeles Dodgers. However , with McCourt stating that he would fight tooth and nail to retain control of the team even if it meant taking legal action against MLB this situation could become a great deal more contentious were the two factions to enter into litigation.

At some point during the season we are liable to see several teams’ fortunes wane in terms of their performances .
Races within the divisions are steadily heating up but it’s still far too early to state what the outcomes will be with regard to where the teams will be at the culmination of the regular season .

Now as we enter the month of June and with the All Star Game set for 12th July to be hosted at Chase Field in Phoenix , Arizona it will be interesting to see what manner the protests will undoubtedly take in terms of the response to that state’s newly enacted law to enforce the state’s unpopular enforcement of the legal right of police officers to request a suspect to prove that they are a legal resident and not an illegal alien. As popular as this law may well be in the eyes of many it certainly has become very unpopular amongst many Latin American players within MLB. And the very fact that the ACLU and La Raza have chosen to closely monitor the actions as the state legislature and Gov Jan Brewer seeks its strict enforcement . I’ve no doubt that this issue as volatile as it has become should be dealt with at the Federal level of the government but given the inactivity and the partisanship within the Senate , Congress and the mere fact that no Presidential administration has seen fit to tackle this matter head on. I am really beginning to think that the mind numbing idiocy shown by the all levels of the government are completely at a loss to actually explain fully what their policy is with regard to illegal immigration !

DHS Chief Janet Napolitano who oversees the INS has been ambiguous at best in explaining the administration’s policy . Insofar as I think that the laws of the land have to be strictly adhered to , there has to be some latitude given to how a state can deal with problems that they deem acute within its own borders. I certainly don’t believe that Bud Selig ought to be forced to take a stance because a number of players oppose this statute no matter what their ethnicity. And even light of Carlos Santana making his outrageous statements at a ball game at Turner Field in Atlanta , Georgia , clearly shows how volatile this issue has become. However, someone ought to remind Santana that the state of Georgia has seen its own fair share of what he deems to be racial injustice as during the Civil Rights’ era within the state and in particular the city of Atlanta were one of the major epicenters of African American defiance as to the racial injustice that swept the South and across the nation at the time.

Given the history of the game and presumed journey that it has taken over the course of its history there’s no denying that baseball as far as it has come socially and economically there are still a number of issues that remain to be resolved. Jackie Robinson’s entry into the MLB opened up the game for all minorities but bear this in mind the game at the time though inclusive when Hank Aaron broke the alltime home run record he was being vilified the torrents of racial abuse , racial epithets death threats directed at the Hall of Famer would give the impression that in surpassing Babe Ruth’s feat was seen as an abomination by those who felt it beneath them to see an African American break one of sport’s most hallowed records. Now in this modern day and age it is not about the intolerance but what there is to be learned by all parties concerned.

It would appear in the aftermath of the game collision between Scott Cousins of the Florida Marlins and the San Francisco Giants’ catcher Buster Posey . Giants’ GM Brian Sabean had a few choice words for the Marlins’ utility player and the fact that he felt that Cousins’ actions were unsportsmanlike . Many would disagree with Sabean’s view of the incident but when one takes into account what this loss means for the San Francisico Giants and their season then you can understand the general manager’s ire . Having lost Posey for the year and the players productivity it lessens the possible chance of the Giants quite possibly making the postseason either as a division winner or the wildcard entrant within the NL.

The Giants on a three game win streak but have lost 6 of their last 10 games over that span . For manager Bruce Bochy and his coaching staff the loss of Posey has to be a tremendous disappointment for the team . And it goes without saying for the fans they cannot be pleased with the loss of a fan favorite . While the debate goes on as to whether or not the league hierarchy needs to do more to protect catcher when at home plate protecting his position from a base runner heading home . I for one believe that the catcher knows of the imminent dangers that are presented in such a scenario . It has become one the traits of the game and there is not much that can be done to avoid such instances as both the catcher defending the plate and the player heading for home know of the prevailing dangers .

Collisions within baseball are part of the game just as much as fighting has become a part of an NHL . From my own perspective it would simply make no sense in changing the rules to supposedly make the game safe for its participants . What might need to be done is the for officials in such instances prior to the game to advise both coaching staffs that there is a need for their players to be aware that no unsportsmanlike conduct will be tolerated on the field . Safety has to be a priority which of course the players and managers are obviously aware of but with hindsight there becomes the issue if what we know to be right from wrong . The collision between Cousins and Posey wasn’t a premeditated act as both players were simply doing what would be normally asked of them . It goes without saying however that the game’s hierarchy may well now begin to monitor such instances to see if there is a flagrant act on the path of a player when such an instance arises between the catcher and an opponent at home plate.

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Picture gallery for your perusal . By clicking on an individual frame you can view that picture in its original formatted size.

What thoughts if any do you have on the points raised within this piece ? Simply leave a comment as to your thoughts .

Alan aka tophatal ………………………

https://tophatal.wordpress.com

Picture and slide show details below .

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(1) Frank McCourt the beleaguered owner of the Los Angeles Dodgers who could be close to losing control of the team either through its forced sale by the courts or from an unsolicited bid by a group of investors. courtesy of LA Dodgers . …

(2) Jamie McCourt arrives with her attorney, Dennis Wasser for a non-jury divorce trial at Los Angeles County Court August 30, 2010 in Los Angeles, California. The trial, being presided over by Judge Scott M. Gordon in California Superior Court, is to decide whether Frank McCourt is the sole owner of the Los Angeles Dodgers baseball team or his estranged wife and former Dodger CEO Jamie McCourt still has ownership stake in the team. Photo by Kevork Djansezian/Getty Images North America ….

(3) Hall of Fame player Ernie Banks (left) is seen here with Carlos Santa (center) and Oscar winning actor Morgan Freeman at Turner Field in Atlanta , Georgia which commemorated the annual Civil Rights’ Game . The rocker would give a passionate but totally unwarranted speech that in part denigrated the state of Georgia with his insipid remarks calling the state and its occupants racists . AP Photo/ Chris Myles …

(4) Brian Sabean, Senior Vice President and General Manager of the San Francisco Giants, watches batting practice before Game Three of the NLCS during the 2010 MLB Playoffs between the Giants and the Philadelphia Phillies at AT&T Park on October 20, 2010 in San Francisco, California. Getty Images / Justin Sullivan ….

(5) Catcher Buster Posey of the San Francisco Giants, the National League?s rookie of the year in 2010, suffered a leg fracture and torn ligaments when Florida’s Scott Cousins barreled into him at home plate in the 12th inning of the Marlins-Giants game May 25, 2011. Courtesy of ABC News ……

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NB : It is being reported that former MLB players Orel Hershiser and Steve Carlton have formed to a consortium in conjunction with billionaire Ron Burkle to make a formal offer to purchase the Los Angeles Dodgers should the league see fit to put the organization up for sale.