Insult & Injury: Dodgers Owner May Lose Team

By Tom Miller posted Oct 22nd 2009 6:00PM

The other Frank McCourt may lose his baseball team in his divorce.

Here's some baseball news we can get into: the husband-and-wife duo that runs the LA Dodgers are heading into a sticky situation.

Per People, Dodgers owner Frank McCourt and his wife Jamie are going their separate ways. The real-estate developer's largest property is the Los Angeles Dodgers and word on the street is the team is worth $722 million (thanks Forbes). So far so good. Read: How To Financially Prepare for Divorce

The problem? Jamie McCourt is the CEO of the ball club. Because she's the boss, her legal team believes that the Dodgers are a 50/50 venture. Read: Divorce Laws, Demystified

Jamie hasn't said she's going to step down as CEO, and McCourt probably doesn't want to sell—unloading the franchise would be a major blow to Frank McCourt as this was the fourth professional team that he tried to buy. Although no one walks away empty-handed, as the team increased in value by $300 million in five years, the couple and the ball club could be headed down a long, rocky road. Read: 5 More Down And Dirty Divorce Tricks

Obviously, they both want the team to be successful, but working together is not really an option, as it would likely break the "there's no crying in baseball" rule. With any luck, this tale won't become the premise for the fourth installment of the Major League series, though it would be great to see Charlie Sheen back on the big screen.

Steve Phillips' problems seem like relatively small potatoes, in comparison. Read: The Most Expensive Celebrity Divorces

It should be noted that this is not Frank McCourt of Angela's Ashes fame, though he was also divorced a few times. So much for the Irish dealing with something being wrong for the rest of their life rather than fixing it.

Photos via MLB.com