Chairman, Los Angeles Dodgers, McCourt Group; manages finances for baseball team, real estate holdings and other assets
She: President, Los Angeles Dodgers; runs day-to-day operations of baseball team, serves on six non-profit boards
Years Married: 29
In their previous life, Frank and Jamie McCourt had a low profile as Boston parking lot tycoons. But when they bought the Dodgers five years ago, they instantly became a high-profile Los Angeles power couple and steadily rose to leadership roles in the city.
The McCourts have re-energized the Dodgers, with the team making the playoffs three times under their ownership. Attendance has increased along with the team's winning ways. Last spring, the McCourts unveiled a $500 million plan to transform Dodger Stadium into a year-round retail and entertainment destination.
Beyond that, the McCourts have gotten involved in the community by taking seats on some of the most prominent boards in the area. Also last year, they became the lead investors in the purchase of the Los Angeles Marathon.
That's why the Business Journal has named the McCourts L.A.'s Power Couple of the Year. (The other Power Couples, Richard and Daphna Ziman, and Stewart and Lynda Resnick, are profiled on page 23.)
Before the McCourts came to Los Angeles, they didn't have a particularly high profile in Boston. Frank's brother was better known for running the family's construction business. Jamie was No. 60 on a list of that city's most powerful women. The couple's main income came from a 24-acre parking lot, causing rival developers to call Frank "the parking lot king."
Frank had tried unsuccessfully to buy the Boston Red Sox, Anaheim Angels and Tampa Bay Buccaneers before he bought the Dodgers from News Corp. in a $430 million deal. Ownership of the team thrust him into a high-profile role in one of the nation's top markets.
Jamie said it took a lot of outreach and the steadily improving fortunes of the Dodgers to establish their reputation in the community.
"It wasn't easy in the beginning," recalled Jamie. "The media gave us a cold reception."
A Los Angeles Times columnist called her "the Screaming Meanie" because of what he thought was her shrill demeanor. Frank was denigrated as the "parking lot attendant" who bought the Dodgers. Complainers said they weren't real Dodgers fans and that they wouldn't have enough cash to run the team because they bought it by leveraging real estate.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Lawyers: Doc Shows Jamie McCourt Also Owns Dodgers
- Jamie McCourt Says Ex Owes Her $770 Million
- McCourts Gearing Up for Divorce Battle
- Former Texas Rangers President Appointed to Oversee L.A. Dodgers
- Los Angeles Dodgers File for Chapter 11 Bankruptcy
- The 50 Wealthiest Angelenos: Frank & Jamie McCourt #27
- McCourt Divorce Trial Begins in L.A. Courtroom
- Jamie McCourt Sues former Dodgers Owner and Ex-Husband