Frank McCourt is an investor and entrepreneur with roots in his family's Boston-based construction business founded five generations ago.
In 2004, McCourt bought the Los Angeles Dodgers and sold the team for $2.2 billion eight years later, the largest sports sale at the time.
McCourt invested the proceeds into real estate, sports, tech and media through his company McCourt Global.
He stepped down as CEO of McCourt Global in January 2023 to focus on Project Liberty, his $500 million commitment to fight for a safe, healthier internet.
McCourt has also pledged $200 million to his alma mater, Georgetown, helping establish the McCourt School of Public Policy.
McCourt sold the Los Angeles Dodgers for a hefty sum in 2012. Here’s how he’s been building his business and media empire since, and setting up a potential consortium to purchase TikTok.
When MLB commissioner Bud Selig was pursuing the ouster of Los Angeles Dodgers owner Frank McCourt a little over two years ago, the the soon-to-be outgoing baseball team owner negotiated an important concession: He and his investment banker, Blackstone Group, not baseball, would control the sale process of the Dodgers. Just [...]
Hall of Famer Tony Gwynn reportedly wants to buy the San Diego Padres as part of a group led by Thomas Tull, the CEO of Legendary Entertainment. Current team owner John Moores is looking to sell the Major League Baseball team for $800 million. LOS ANGELES, CA - JUNE 19: Baseball [...]
Despite burdening the team with crippling debt and and painful divorce, McCourt should reap a massive profit on his $2 billion sale of the Dodgers. In fact, by Forbes' reckoning, McCourt will end up with over $800 million in cash.