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Jamie McCourt is the former CEO of the Los Angeles Dodgers baseball team.[1][2] Her estranged husband, with whom (as of November 2009) she is presently embroiled in a divorce case, Frank McCourt, asserts that he is the sole owner of the Dodgers. Their son, Drew, was the Dodgers' director of marketing (but is now a student at Stanford Business School).[3] Jamie McCourt has been an attorney and a real estate executive. She is considered one of the most powerful figures in American sports.[4]

Contents

Background

Jamie McCourt (nee Luskin) was born ca 1954 in Baltimore, Maryland. As a child, she reportedly told her mother that she would buy a baseball team. [5] Her father, Jack Luskin, ran the Luskin's chain of appliance stores in Maryland. [6] As a 17-year old freshman at Georgetown University, she met Frank McCourt, whom she would marry in 1979. She earned a degree in French at Georgetown University (1975), a law degree at University of Maryland (1978) and an MBA from MIT's Sloan School of Management. [7]

For fifteen years she was a practicing attorney, engaged in international and securities law in New York as well as in corporate, real estate, and family law in Boston. She then spent ten years as vice president and general counsel of the McCourt Co., the family real estate development firm in Boston.

Family

She relocated from Boston to Los Angeles in 2004 with her husband and their four sons, Drew, Travis, Casey and Gavin. [8] She joined the Dodgers' front-office organization as an executive after the team was acquired. [9]

Career

Beside her legal and real estate work, she also taught classes at the MIT Sloan School and the UCLA Anderson School of Management. She sponsored the 2009 Maccabiah Games, is a trustee of Los Angeles County Museum of Art, and was recently appointed a trustee by the University of Southern California.[10] For her philanthropy to Jewish causes, in 2006 she received the National Scopus Award from the American Friends of The Hebrew University. In 2008, the Los Angeles Business Journal named Frank and Jamie McCourt the “Power Couple of the Year”.

In September 2008, the McCourts purchased the Los Angeles Marathon which had been experiencing financial difficulties.[11]

McCourt divorce/Dodgers ownership dispute (2009)

In 2009 the owner(s) of the Dodgers, the McCourts, separated and appeared to be heading into divorce proceedings. Their respective attorneys have publicly identified a dispute as to whether the Dodgers assets are community property (i.e. owned 50% by Jamie McCourt), or are separate property, 100% owned by Frank McCourt. [12]. The team and stadium assets were purchased for $430 million in 2004 and were valued at $722 million in 2009 (according to Forbes), a theoretical increase in value of $292 million (68%) in five years. [13]

On October 22, 2009, Frank fired Jamie from her position as CEO of the Dodgers.[14] In court documents, the Dodgers have stated Jamie was terminated for insubordination, as well as for having an inappropriate relationship with a subordinate.[9]

Jamie McCourt is represented by Wasser Cooperman & Carter, one of the top divorce law firms in Los Angeles.[15]

References

Preceded by
Bob Graziano
President of the Los Angeles Dodgers
2004-2009
Succeeded by
Dennis Mannion

Citable sentences

Up to date as of December 20, 2010

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