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McCourt's $460 million bill for Dodgers sale

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06:55 AM ET 04.23 | These might very likely fall into the realm of uptown problems. Frank McCourt has paid more than $460 million in state and federal taxes related to the sale of the Dodgers, one of his attorneys said Monday. McCourt sold the Dodgers for $2.15 billion last year in a transaction in which Guggenheim Baseball Management bought the team, Dodger Stadium and a 50% stake in the parking lots surrounding the stadium. McCourt retained a 50% stake in the parking lots. As part of the transaction, Guggenheim assumed $412 million in team debts, according to documents filed in U.S. Bankruptcy Court. After subtracting tax payments and debt assumption from the purchase price, McCourt turned a $1.278-billion profit on the sale of the Dodgers.

Los Angeles Times

Frank McCourt, Getty Images Frank McCourt, Getty Images
Comment #1 has been removed
April 23, 2013  08:34 AM ET

$1.2 billion profit for doing a lousy job with a MLB team and his personal finances. Only in America. Mickey Mouse could make money in MLB or the NFL. They do.

April 23, 2013  08:55 AM ET

Frank you are smiling now and popping off, but wait until your divorce wife hears about this and you will be back in court.

April 23, 2013  09:22 AM ET
QUOTE(#3):

Frank you are smiling now and popping off, but wait until your divorce wife hears about this and you will be back in court.

Not unless she can prove he falsified fianancial records and hid the money he made. If not then, I believe, she already done did settled.

April 23, 2013  09:31 AM ET
QUOTE(#2):

$1.2 billion profit for doing a lousy job with a MLB team and his personal finances. Only in America. Mickey Mouse could make money in MLB or the NFL. They do.

Indeed. Absolutely disgusting.

April 23, 2013  09:33 AM ET

The rich get richer.

April 23, 2013  09:40 AM ET
QUOTE(#2):

$1.2 billion profit for doing a lousy job with a MLB team and his personal finances. Only in America. Mickey Mouse could make money in MLB or the NFL. They do.

Didn't Mickey, aka Disney, already make money in pro sports, specifically, with the Angels and the Mighty Ducks?

April 23, 2013  10:22 AM ET
QUOTE(#2):

$1.2 billion profit for doing a lousy job with a MLB team and his personal finances. Only in America. Mickey Mouse could make money in MLB or the NFL. They do.

See Trump, Donald.

He's been doing it for decades.

April 23, 2013  10:58 AM ET
QUOTE(#7):

Didn't Mickey, aka Disney, already make money in pro sports, specifically, with the Angels and the Mighty Ducks?

Yup, if I recall correctly. A real Mickey Mouse operation, if you ask me.

April 23, 2013  01:16 PM ET
QUOTE(#8):

See Soros, George.

He's been doing it for decades.

Here here!!!

April 23, 2013  04:56 PM ET

And he's a Dumb ****?

April 24, 2013  11:45 AM ET

This guy could teach Charles Ponzi a thing or two.

April 24, 2013  05:35 PM ET

How does anyone expect his ex-wife Jamie to survive on only the $131M dollars she got out of the divorce? Poor thing must be living on Top Ramen 3 meals a day.

April 25, 2013  03:16 PM ET

He needs to go into the Barry Bonds HALL-OF-SHAME. Two of the most pathetic things to ever happen to baseball.

 
April 30, 2013  04:12 PM ET
QUOTE(#14):

He needs to go into the Barry Bonds HALL-OF-SHAME. Two of the most pathetic things to ever happen to baseball.

Don't forget Selig

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