Baseball fans in Ohio and across the country may be on the edge of their seats, but not because of action on the field. The source of anxiousness may stem from the fact that the Dodgers could potentially be sold, but the decision is still on hold until a resolution is reached in the team’s bankruptcy filing. Right now the owner of the team, Frank McCourt, is in the middle of a costly divorce and the ultimate trophy and bargaining chip is the Dodgers. Frank McCourt wants full ownership, but his ex-wife claims she deserves part of the team.
Frank McCourt has been ordered to pay spousal support to his ex-wife to the tune of $225,000 per month but he says the alimony is too high. On top of that, he will pay more than $400,000 monthly for mortgages on their six homes and a condominium. McCourt was trying to get his spousal support payments changed, claiming he had paid more than $7 million to his ex-wife in the last year. He says the payments should be more aligned with the $5 million he collects each year.
His ex-wife, however, claims her ex-husband has received more than $44 million within the last year and therefore should have no trouble paying her attorneys’ fees as well as the alimony. It is alleged that more of the couples’ properties will be sold to appease their financial burdens. The estranged couple’s case is still pending resolution within the confines of the court system.
The formula for determining spousal support is dependent on many different variables and the figure can be difficult to compute. For this reason, many people seeking spousal support retain an experienced attorney who has knowledge in the law as it pertains to divorce. An experienced attorney may be able to help couples determine eligibility for support, thereby allowing them to receive alimony that is deserved and fairly allocated.
Source: FOX19, “Dodgers owner reach temporary spousal support deal,” Greg Risling, Sept. 14, 2011