Frank McCourt Chairman of McCourt LP, Chairman and CEO of McCourt Global, and current owner of the Los Angeles Marathon and football club Olympique de Marseille. He was owner and chairman of the Los Angeles Dodgers and Dodger Stadium in Chavez Ravine from 2004 to 2012. On October 14, 2009 it was announced the McCourts would be separating after nearly 30 years of marriage. Jamie was fired from her position as Dodgers CEO on Thursday, October 22, 2009, the day after the Dodgers were eliminated from the playoffs. She officially filed for divorce shortly thereafter. On December 7, 2010 the judge in the divorce case of the McCourts invalidated the post-nuptial marital property agreement that Frank McCourt had claimed provided him with sole ownership of the Dodgers. On October 17, 2011 the McCourts reached a settlement in their divorce case whereby Jamie would receive about $130 million and relinquish her claim on the Dodgers. In April 2011, MLB Commissioner Bud Selig announced that MLB would be appointing a representative to oversee the day-to-day operations of the Dodgers. This event occurred shortly after an LA Times report that McCourt had obtained a personal loan from Fox to cover the team's payroll for April and May. McCourt vigorously disputed MLB's actions. Nevertheless, Selig appointed former diplomat and former Texas Rangers executive Tom Schieffer to oversee the Dodgers' finances. On June 27, the Dodgers filed for Chapter 11 Bankruptcy protection. McCourt reached a deal with the league to put the team up for sale. He agreed to sell the team to a group consisting of former L.A. Laker Magic Johnson, former baseball executive Stan Kasten and the Guggenheim Partners for a record price of $2 billion, the highest ever for a professional sports team. The sale officially closed on May 1, 2012, ending McCourt's turbulent period as Dodgers owner
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