In this article about the Dodgers sale (which raises some of the same questions I’m having about the price), Andrew Zimbalist says this about Frank McCourt:
“It’s problematic,” Zimbalist said. “He was looking for some kind of ongoing income stream and he got it. Here’s a guy who borrowed practically all the money to buy the team for $430 million and now he’s selling it for $2.15 billion and he’s coming out with a healthy capital gain — it’s repulsive. This is someone who doesn’t deserve to walk away with a healthy profit after eight years of running the Dodgers in the most egregious, the most inefficient, the most self-interested, and the most vainglorious, idiotic way possible. It really is repulsive that he will still be making a profit in some way.”
Amen, Mr. Zimbalist. A-men.
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