Former owner of Los Angeles Dodgers baseball team defends multimillion divorce settlement

Divorce|News | 25 Apr 2013 0

The former owner of the Los Angeles Dodgers Major League Baseball team is defending a claim by his ex-wife that their divorce settlement should be set aside.

Frank and Jamie McCourt divorced in 2010 after a 30 year marriage. She received a $131 million settlement in exchange for her share in the team. The settlement included four of the couple’s six homes. But now she claims this was a “huge mistake” and has applied to have the settlement set aside. She has accused Mr McCourt of deliberately understating the value of the team during their divorce proceedings.

The Dodgers were valued at $300 million during the divorce, the Mail reports, but later sold for as much as $2 billion.

However, Mr McCourt’s legal team told a Los Angeles court room earlier this week that that there was a no evidence for her claims and that she had opted for certainty in her settlement during a period when the team was going through financial difficulties.

The couple met at Georgetown University in Washington DC and were married in 1979. They have four sons together.

The case continues.

The blog team at Stowe is a group of writers who share their advice on the wellbeing and emotional aspects of divorce or separation from personal experience. Guest contributors also regularly contribute to share their knowledge.

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