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Timeline: The McCourts and the Los Angeles Dodgers

Blow by blow in the financial fall of one of baseball's hallmark franchises

By

McCourts, Tiger Woods and Manny Ramirez

With Manny Ramirez on deck, golfer Tiger Woods stands with owner Frank McCourt of the Dodgers and wife Jamie McCourt, vice chairman and president of the Dodgers, on Oct. 12, 2008 at Dodger Stadium in Los Angeles.

Jeff Gross/Getty Images
Updated March 28, 2012

A timeline look at Frank and Jamie McCourt's ownership of the Los Angeles Dodgers:

2002: Frank McCourt, a Boston real estate developer, is one of the bidders to buy the Boston Red Sox, but a group led by John Henry wins the bid.

Jan. 29, 2004: Major League Baseball approves the sale of the Dodgers from News Corp to McCourt for $430 million. The sale is highly leveraged and includes the team, Dodger Stadium and the Dodgertown facility in Vero Beach, Fla.

Feb. 16, 2004: McCourt hires Oakland A's assistant GM Paul DePodesta, 31, as general manager. DePodesta is one of the principal figures in Moneyball: The Art of Winning an Unfair Game, which chronicled Oakland's statistics-based philosophies in player development.

Oct. 2004: Dodgers win the NL West in McCourt and DePodesta's first season, going 93-69. They lose in the first round to St. Louis.

Oct. 3, 2005: After a 71-91 season, Dodgers manager Jim Tracy is fired by DePodesta after four seasons.

Oct. 19, 2005: Dodgers announce $20 million renovation to Dodger Stadium.

Oct. 29, 2005: McCourt fires DePodesta.

Nov. 2005: McCourt hires Ned Colletti, assistant general manager of the San Francisco Giants, as GM. Colletti then hires former Red Sox manager Grady Little as manager.

Oct. 2006: Dodgers go 88-74 and earn the NL wild-card. They are swept in the first round of the Division Series by the New York Mets.

March 17, 2007: McCourt says the Dodgers are leaving Vero Beach for a new spring training facility in Glendale, Ariz., that they'll share with the Chicago White Sox.

Oct. 2007: Dodgers go 82-80 and finish fourth in NL West.

Nov. 1, 2007: Little resigns and is replaced by renowned Yankees manager Joe Torre.

March 17, 2008: Dodgers play their last spring training game at the Dodgertown complex after 50 years in Vero Beach.

March 29, 2008: An attendance record was set for any baseball game as the Dodgers announced a crowd of 115,300 in the Los Angeles Coliseum for an exhibition game against the Boston Red Sox.

April 15, 2008: McCourt announces plans for a $500 million renovation of Dodger Stadium. Plans never materialize.

July 31, 2008: Dodgers trade for Manny Ramirez of the Boston Red Sox. He hits .396 with 17 homers and 53 RBI in 53 games to lead the team to the NL West title.

Oct. 4, 2008: Dodgers finish sweep of the Chicago Cubs in the NLDS with a 3-1 win in front of a sellout crowd at Dodger Stadium.

Oct. 15, 2008: The Dodgers are knocked out of the National League Championship Series in five games by the Philadelphia Phillies.

Feb. 2009: McCourt says the Dodgers still hope to sign Ramirez, a free agent, to a long-term deal.

March 4, 2009: The Dodgers sign Ramirez to a two-year, $45 million contract that includes salary deferred for several years.

May 7, 2009: Ramirez is suspended for 50 games for violating baseball's performance-enhancing drugs policy.

Oct. 4, 2009: Dodgers go 95-67 and win NL West. Ramirez hits .290 with 19 homers in 104 games.

Oct. 10, 2009: Dodgers finish sweep of St. Louis Cardinals in NLDS.

Oct. 14, 2009: On the day before the NLCS, Frank and Jamie McCourt announce their separation after 30 years of marriage. Frank McCourt says he owns 100 percent of the team; Jamie counters that she owns half.

Oct. 21, 2009: The Dodgers again lose to the Philadelphia Phillies in five games in the NLCS.

Oct. 22, 2009: Jamie McCourt is fired as the Dodgers' CEO.

Oct. 27, 2009: Jamie McCourt files for divorce and asks the court to reinstate her as Dodgers CEO.

Feb. 19, 2010: Wall Street Journal reports that McCourt has $390 million of debt against the team, citing court filings.

May 7, 2010: Frank McCourt is ordered to pay Jamie McCourt $637,159 a month in temporary spousal support and to help pay the mortgages on their properties.

July 18, 2010: The New York Times reports that a senior vice president of the Dodgers was paid more than $400,000 from the team's charity, the Dodgers Dream Foundation, in 2007.

Aug. 30, 2010: Ramirez is claimed on waivers by the White Sox, who assume the pro-rated $3.8 million on the final month of his salary.

Oct. 2010: Dodgers finish 80-82 and in fourth place in the NL West. Torre retires as manager, replaced by bench coach Don Mattingly.

Dec. 7, 2010: Judge invalidates post-nuptual property agreement that indicated Frank McCourt was sole owner of the Dodgers.

Feb. 25, 2011: MLB commissioner Bud Selig vetoes a proposed loan from Fox to McCourt.

March 31, 2011: San Francisco Giants fan Bryan Stow is attacked by two men in a Dodger Stadium parking lot after the Dodgers' season opener. The attack brings criticism of McCourt's security plans and Dodger Stadium attendance dives.

April 19, 2011: Dodgers say they have repaid the Dream Foundation.

April 20, 2011: Selig says he will a appoint a trustee to oversee operations of the Dodgers.

June 17, 2011: Frank and Jamie McCourt come to anagreement in their divorce case, with a contingency that Selig approve a new television deal with Fox that would capitalize the team.

June 20, 2011: Selig rejects the TV deal.

June 27, 2011: The Dodgers file for bankruptcy in a Delaware court. Among the 40 largest unsecured claims, totaling about $75 million, are Ramirez at nearly $21 million; former player Andruw Jones at $11 million; pitcher Hiroki Kuroda at $4.4 million; and the Chicago White Sox at $3.5 million.

July 22, 2011: McCourt is ordered to accept a loan from Major League Baseball to run the team for the rest of the season. However, the court specifically ruled that MLB can't use bankruptcy as a mechanism to strip ownership of the team from McCourt.

Sept. 23, 2011: MLB asks the court to order the sale of the Dodgers.

Sept. 27, 2011: Fox sues McCourt to stop him from selling the team's television rights.

Sept. 30, 2011: Dodgers finish season with an 82-79 record, third in the NL West.

Oct. 17, 2011: Frank and Jamie McCourt reach a divorce settlement, with Jamie McCourt getting a $130 million settlement and no ownership stake in the team.

Nov. 1, 2011: Frank McCourt and MLB reach an agreement to a court-supervised auction of the team, Dodger Stadium and the parking lots surrounding Dodger Stadium.

March 27, 2012: A group that includes NBA legend Magic Johnson and others wins the bidding for a North American sports franchise record $2.15 billion. McCourt buys back the land surrounding the stadium for $150 million. The deal is contingent upon approval by the bankruptcy court.

Sources: Los Angeles Times, Los Angeles Daily News, Fox Sports, Baseball-Reference.com, USA Today, other news reports.

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