Dodgers Owners Frank and Jamie McCourt Reach Divorce Settlement
The heated divorce battle between Dodgers owners Frank and Jamie McCourt has finally reached an end.
"Frank McCourt and Jamie McCourt are pleased to announced that they have settled their divorce case,” read a statement from Frank McCourt’s rep. “The terms of the settlement, which are already in effect, will remain private. Jamie will be withdrawing her opposition to the Dodgers proposed sale of media rights and instead will be filing papers in support of the process proposed by the Dodgers."
While neither camp reveled the terms of the settlement, sources told The Los Angeles Times that the divorce settlement would give Jamie McCourt about $130 million, and she’d give up any control of the Los Angeles baseball team.
STORY: Dodgers Owner Frank McCourt Ordered to Negotiate With MLB Over Loan
“Jamie is pleased that this matter has been fairly resolved in the best interests of her family and the Dodgers’ fans, players and organization,” Jamie McCourt’s rep, Matthew Hiltzik told THR in a statement. “From the beginning, Jamie has consistently expressed her willingness to accept a settlement, even if it required her to give up her interest in the Dodgers, the team she loves, if a fair resolution were possible. That has now been achieved through the cooperation of everyone involved and Jamie looks forward to moving on and focusing on new opportunities."
STORY: L.A. Dodgers File for Bankruptcy Amid Frank McCourt Drama
The couple has been surrounded by controversy as both camps have thrown out accusations ranging from fraud to infidelity. The ugly and very public divorce is said to be one of the costliest in history, costing $20.6 million in legal bills, according to Los Angeles Superior Court filings by each of the parties.
Jamie McCourt, who was originally opposed to the proposed sale of television rights, will withdraw her Bankruptcy Court opposition and would now support that sale.
Frank McCourt had set up a new the 17-year, $2.7 billion broadcast deal with Fox Sports, but MLB commissioner Bud Selig, who must approve all TV contracts, rejected the deal as not in the best interests of baseball since it diverted so much of the advance to McCourt's use to fund his costly divorce.