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

Divorce|News|April 25th 2013

Dodger Stadium Los AngelesThe 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.

Photo of Dodger Stadium by KennethHan via Wikipedia

 

Author: Stowe Family Law

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