Frank McCourt is a former real estate developer who had always dreamed of owning a baseball team. He had tried unsuccessfully to purchase the Boston Red Sox, the Anaheim Angels, and the Tampa Bay Buccaneers, but in 2004 he fulfilled his dream and became owner of the Los Angeles Dodgers.
In October 2009, he separated from Jamie McCourt, his wife of 30 years. This created some awkwardness, as she was CEO of the team. Jamie McCourt was fired one week after the couple’s separation was announced, and share responded by filing for divorce. A long and ugly public dispute ensued.
The couple reached an agreement on Oct. 17, 2011. Jamie McCourt gave up her claims of ownership in exchange for $130 million. This was possibly the most expensive divorce settlement in California history, according to The Los Angeles Times.