Los Angeles Dodgers Owner Frank McCourt Speaks Out About Divorce Drama

May 5, 2011— -- After a very public divorce battle, Los Angeles Dodgers owner Frank McCourt is speaking out about his heartbreak and now his battle to keep his team, saying he has become a "caricature of himself."

McCourt and his then wife, Jamie McCourt, enjoyed a lavish lifestyle with mansions and a private jet until their 30-year marriage came crashing down in 2009. The feud tore apart their family and prompted the baseball commissioner to take control of the Dodgers and appoint a monitor to oversee and investigate the team's finances and operations.

Frank McCourt said he takes a share in the blame for the extravagant lifestyle. "I think that was what became a problem – and it was unhealthy – and unsustainable…," McCourt said in an exclusive interview on "Good Morning America" this morning. "I became a caricature of myself – and I became a caricature of somebody who was uncaring – unfeeling – excessively living – bad guy – and that's just not who I am."

"It's emotionally wrenching. Particularly when you never really thought that was gonna be you – I never really thought I was gonna be divorced," McCourt said.

His wife and former business partner filed for divorce and fought for more than $320,000 a month in spousal support.

Jamie McCourt claimed the couple was worth more than $1 billion and she needed money to maintain her high standard of living.

The public feud has taken a toll on the Dodgers – as players endured heat from fans and late-night comics.

As the McCourts battled it out in front of a judge, questions were also raised about the Dodgers' finances.

In court filings, Jamie McCourt said the couple's lifestyle was "inextricably intertwined" with ownership of the Dodgers and therefore, many of their "expenses were paid directly" by team-related entities."

Frank McCourt denied ever misusing the team's for personal expenses money.

Dodgers in Financial Trouble

Major League Baseball is now investigating why the team is in such financial ruin – including the possibility that the team may not be able to make the May 31 payroll, according to the Los Angeles Times.

As his team's financial situation unfolds, Frank McCourt said he promised to make it up to the team and the fans.

"Nothing is more important to me than winning back their trust and winning back their confidence – because that's my reputation," he said.

ABC News' Mike Von Fremd and Sarah Netter contributed to this report.