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Divorce Attorney John Patti discusses how the McCourt’s divorce is impacting the team and baseball.
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It's real clearly Shelley and nasty divorce battle is ruining the Los Angeles dodges.
How often does the same thing happened to small family businesses good question.
-- a company now is John.
And John -- the program thank you -- great to be I would bet that nine times out of ten if there is a divorce matter want divorce and they go to small business it is a disaster for the business right.
It's a disaster because it's a change.
It's something different that nobody anticipate the business is split -- that's what happens slowly will the Merrill us outlets to satisfy won't bother the other maybe maybe not if I'm representing the wife I don't want him to sell it -- -- kill the golden -- maybe I think the -- out over time.
-- counseling my gal if it's husband and wife and husband owns a business.
I'm counseling -- -- don't kill the golden -- let the business flourish.
The more money he makes more money you.
Let's -- is with -- this morning ladies and gentlemen if you didn't already know it -- is a native all of Los Angeles.
Has strong feelings about this all full of -- -- -- a -- -- -- the dodges it.
Did relatively well I've -- it's in bankruptcy court right now that's never a good thing but I've been asking everybody in LA -- I can't run in the last doctor -- I went to I think -- -- Fernando Valenzuela was.
-- limited a lot on time ago.
People are now saying that they are so disgusted by the look courts to what kind of thought hey why is everybody -- -- -- just hadn't followed the story this is there so disgusted they won't even buy.
At face value with ticket even if -- dodger fans because they're so disgusted that they had taken this money and they it kind of utilized it bought lots of houses and they never really care enough about the team that's the perception.
But now you've got an entire -- that may be torn apart although I would argue MLB will really fight to make sure that doctors.
For -- job as an example of a divorce that didn't really did ruin the business a family doesn't what did they do wrong what they did wrong is they took it too far.
They have a case where she wants 50% of that business and he's not able to do it.
He's not able to come up with the value which was 800000 cut -- able to come up with half of that business.
And then you had which you don't have a small businesses.
That -- I deal with data today.
You have situations.
Where you have third parties that you have to get decisions from like Major League Baseball.
Is this common though a small business divorce on the part of the you know my wife who and it's and you you you comment this is common.
It's coming it's come because you're dealing with emotions.
As opposed to a corporation -- partnerships.
Split people shake hands and walk away.
Dealing with love somehow or other -- you've got to come up with a settlement which allows part of the value of the business to go to one party and part of -- bounty business to go to the other.
That's what -- got to do.
Yes but not always says I said there are other ways we can.
Instead of splitting the business up another solution is putting the business up for sale and splitting the proceeds from either -- -- -- distraction Steward -- And that initial comes a real problem over the whole case couple of -- decades ago on May be to what Gary went to was a GE.
Chairman over at GE capital and she have this very bitter divorce -- was over much smaller psalms 20000015.
Million.
And what happened he ended up moving on to another company Conseco which was an insurance company.
Some passive distraction.
And nothing turned out in welcoming the company you bring up a bit pointless because I often equate this attorneys we use -- -- that's our tools I think you know I don't camera anything in my wife's is please -- so we felt.
What are my mind is our tools so -- mind is distracted.
We're not able to do the business like we normally did when times were good when things are good at home -- you're doing good business.
Does this is bad for her though B you know going to bankruptcy court because she's not creditor I mean the bankruptcy -- only concerned with the creditors the Manny Ramirez's the world is -- 21 million dollars and what she's not and that list she's not in line.
-- can her attorneys do anything now or in the near future.
Two usurp the bankruptcy judge to say.
This was never ballots to begin with because I should be part owner of the Dodgers which if the TV deal was done and everything was done she would have you know wash your hands with that but -- the deal done that TV deals not -- -- she may -- an argument to be a part owner of the Dodgers.
Its secrets this is where my -- mine comes -- I'm looking at the bankruptcy as a discharge of debts which makes -- which may make the Dodgers increase in value of course it's horrible publicity.
But again whether or not she owns the Dodgers is who is now in litigation and that I understand will be solved in August.
I'm okay we'll wait and see a jump out a divorce that's on -- John thanks -- prevent it Stuart.
Excellence was in this.
