How much will Frank McCourt make on Dodger sale?

If you're having breakfast you might want to skip over this item. The Dodgers owner is likely to pocket more than $400 million, according to Forbes writer Mike Ozanian. Here's his math:

Let's say the Dodgers sell for $1.4 billion, though as I have written it is quite possible the price could be higher. McCourt's expenses associated with the sale of the team, such hiring Blackstone Group to be his investment banker, will run about $70 million. Subtotal profit: $1,330 million. McCourt will have to pay off the team's debt, which is $573 million. Subtotal profit: $757 million.

Subtract taxes ($190 million), the divorce settlement with Jamie ($131 million), and divorce attorney fees ($25 million), and McCourt is left with $411 million. Ugh.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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