McCourt Divorce Uncovers Dodgers Paying Themselves Rent
We thought the divorce of Jaime and Frank McCourt might turn up some fun stuff. We were right. The Dodgers pay rent $14 million to be at a stadium they own. Creative accounting? Inspired!
KTLA’s Bill Shaikin writes:
The Dodgers pay rent to Blue Land, which is not involved in stadium operations. Boies said the rental payments offered the McCourts the option of working around restrictions on receiving cash directly from team coffers.
“It’s a way of taking money out of the Dodgers and putting it into a place they can access it,” Boies said.
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