Who would have believed that Los Angeles would have a real life version of the movie, "War of the Roses." The movie starred Michael Douglas and Kathleen Turner, and it was made in 1989. They appeared to be extremely successful couple with a perfect marriage. Then disaster struck, in the form of a bitter, contentious divorce.
There are so many parallels to what Frank and Jamie McCourt are going through right now. In many ways, it is almost a remake of the movie. The public revelations from the divorce proceedings have been both interesting, and in some cases shocking. It appears that Frank was able to buy the Dodgers for about $400 million. He was reportedly able to do this without having any money of his own. If I understand what I read, he was able to borrow the down payment from the Seller, and then have them give him a mortgage for the balance. Since he had a previous bankruptcy, his FICO score must have been close to 000.
Since they had lived through one bankruptcy, Jamie had her doubts about this venture. So, according to the allegations, she took steps to preserve her own nest egg, and to avoid any future liabilities that she felt were sure to come. Then, to her utter amazement, Frank survived, and was now ready to start some huge real estate developments, and to have his own television network. Unbelievably, his ship had come in!
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