Talking About Everything

PortalHomeMemberlistGalleryFAQSearchRegisterLog in
December 2016
MonTueWedThuFriSatSun
   1234
567891011
12131415161718
19202122232425
262728293031 
CalendarCalendar
Search
 
 

Display results as :
 
Rechercher Advanced Search
Navigation
 Portal
 Index
 Memberlist
 Profile
 User Group
Latest topics
Yahoo Search Engine

Share | 
 

 McCourt to pay $131M in divorce settlement

View previous topic View next topic Go down 
AuthorMessage
Magdalene
Newbie
Newbie



20111104
PostMcCourt to pay $131M in divorce settlement

LOS ANGELES (AP) – Los Angeles Dodgers owner Frank McCourt must pay his former wife and ex-team CEO Jamie McCourt $131 million by the end of April as part of their divorce settlement, according to a binding settlement filed Thursday.
The agreement was cheap nfl jerseyssigned by the former couple last month but made official Thursday. It calls for the lump sum to be paid in cash and would be tax-free. If Frank McCourt comes up with the money before April 30, 2012, $1 million per month will be shaved from his tab.

McCourt and Major League Baseball reached an agreement this week to sell the team and its media rights. The Dodgers filed for bankruptcy prwholesale nfl jerseysotection in June after the league rejected a television contract with Fox, reported to be worth up to $3 billion, that McCourt needed to keep the team afloat.

MORE: Frank McCourt, MLB agree to sell Dodgers in auction

MLB had assumed control of the club's day-to-day operations in mid-April before the team filed for bankruptcy.

The couple's protracted divorce was played out in court, where their lavish spending habits were made public. Court documents contend the McCourts took out more than $100 million in loans from Dodgers-related businesses for their own use

Superior Court Judge Scott Gordon ruled in December that a post-marital agreement that gave Frank McCourt sole ownership of the Dodgers was invalid, clearing the way for his ex-wife to seek half of the team under California's community property law.

As part of the settlement between the McCourts, Jamie will retain two beachfront homes in Malibu, a house in Holmby Hills and a condominium in Vail. After paying off the mortgages, the four properties have a value of about $50 million.

Frank McCourt will continue to pay $225,000 in teCheap NFL Jerseysmporary spousal support until the lump-sum payment is made. He will get to keep two homes in Massachusetts, according to the agreement.

The McCourts previously reached a divorce settlement on June 17, but the deal was contingent on approval of the proposed TV contract. That deal would have given Jamie McCourt $100 million.http://faqyourgames.goodbb.net/t217-mccourt-to-pay-131m-in-divorce-settlement
Back to top Go down
View user profile

 Similar topics

-
» Does Amal Know? George Clooney's divorce papers from Talia Balsam
» "Divorce, Walnut Grove Style" - Laura fights a man
» Gustakh Dil Written Update 30Aug13 "Family suggests divorce"
» “Vanderpump Rules” Star Lisa Vanderpump Would Divorce Her Husband For George Clooney
» TC - Shlok and Aastha to get a divorce
Share this post on: Excite BookmarksDiggRedditDel.icio.usGoogleLiveSlashdotNetscapeTechnoratiStumbleUponNewsvineFurlYahooSmarking

McCourt to pay $131M in divorce settlement :: Comments

No Comment.
 

McCourt to pay $131M in divorce settlement

View previous topic View next topic Back to top 

Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: PEMBUKAAN :: Peraturan Forum-
Jump to:  
Make a forum | © phpBB | Free forum support | Contact | Report an abuse | Free forum