Jamie and Frank McCourt's divorce proceedings have revealed a narcissistic couple who spent lavishly on everything and yet have not solved who actually owns their largest asset, the Los Angeles Dodgers.
On Monday in a Los Angeles court, the couple, both of which claim to own the Dodgers, let the full fury of their anger loose in a hearing to determine temporary spousal support until the divorce is granted and the property is divided. What the public learned is that the same anger and jealousy that fuels more typical couples' divorces infuse the splits of the super wealthy except that the number of commas and zeroes on their net worth make it seem unique.
Frank was characterized as a guy who is still living high off the hog, taking vacations that cost up to $80,000 while denying his wife her half of the monthly income they shared when they lived together. Jamie's lawyers accused him of moving money around to appear less wealthy, all in an effort to screw his wife who he accused of having an inappropriate relationship with a former employee.
Frank's backlash took the form of outing Jamie's frivolous spending and suggested she liquidate or rent one or more of the seven real estate properties she holds in her own name to cover her monthly expenses. While trying to hurt her, Frank's papers claimed that Jamie doesn't actually reside in all seven but she puts them to use in the following ways: one house has a pool she likes to use to swim, another she uses for storage of personal items and yet another, that sits adjacent to the home she actually resides in, is used to do laundry.
In the meantime, a trial date for the actual divorce is not scheduled until the end of May and after Monday's proceedings the hearing commissioner gave both sides more time to file papers that support some of the testimony he heard in court. Then he gets up to 90 days to decide on the support issue.
That means the trial date is likely to get pushed back into the baseball season. That is not what fans of the team want to hear. They are afraid the Dodgers will be sold since the support hearing makes it seem neither of them has enough either in investments or credit worthiness to buy the other out. That is if one or the other would budge on wanting to own the team. New ownership is always fraught with uncertainty for fans and players alike since the goals of the new owner might not be aligned with what the McCourts had intended to do with the team.
That fear compounds the belief that the team has suffered as a result of the McCourts holding onto as much as they could to fight their titanic battle between themselves. Requests from Jamie's side for $9 million to pay her current and expected legal fees have gotten experts in this field to opine that this might be the most expensive celebrity divorce ever.
When fans hear that and see the team's absence from the free agent market this off-season they conclude that the bad news has already begun. They don't have to wait to see who gets what and who ends up with the team. They already see adverse effects from the five months this divorce has been in the news.
In the meantime, Jamie is down to a mere half million in cash and less than four million in savings. Hardly enough to make it through the trial date and not default on the real estate mortgages. And Frank shows no signs of letting up living as he always has. Ah, high class problems for sure.
Read more about the McCourts divorce from Paula's articles posted at Examiner.com
Start your workday the right way with the news that matters most. Learn more