Mrs. McCourt is an active participate in the Dodger franchise. Mrs. McCourt is not only a wife, but is CEO of the Dodgers and has been for some time now. Mrs. McCourt was in charge of business and charitable initiatives and represented the team at many public functions.
As of right now the McCourt’s have confirmed that they are separated and ask that their privacy be respected.
Frank McCourt purchased the Dodgers in 2004 for $430 million. Forbes magazine recently valued the Dodgers at $722 million. The couple has not been afraid to make baseball moves and spend money when it was right in their opinion. The McCourts’ net worth has been estimated to be in the neighborhood of $1.2 billion as reported in the Los Angeles Business Journal. Obviously the bulk of that consists of the Dodgers’ value. But it is unclear how leveraged the purchase is and if either spouse has the assets or credit to buy the other out. Without a pre-nuptial agreement that contradicts the community property laws in California, the team’s value is equally split between the McCourts.
Some sources speculate that the McCourt’s will continue to run the Dodgers together as a team, but other sources speculate as to whether or not that is reasonable or practical given the circumstances.
When parties own a business, even small businesses, it is important to hire a forensic accountant to value the business for purposes of property distribution. It is important to have an attorney represent you to make sure that all steps are adequately taken to protect your interest and make sure that you are informed of your rights or entitlement.
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