Sign In:

Pop king's ransom: Michael Jackson keeps Neverland ranch

Michael Jackson has found his marbles long enough to save his Neverland ranch from the auctioneers hammer, the pop star’s lawyers have confirmed.

Arrears of $25m accumulated over the last three months put Jackson’s home, situated in the Santa Ynez Valley in California, at risk of repossession. Due to go up for sale next week, a “confidential” agreement has been struck with an investment group which has kept Jackson’s name on the title deeds.

"Neverland and MJ are fine," said L Londell McMillan, Jackson’s lawyer, who claimed the ranch’s future was never in doubt and that the problem had been exaggerated by the media.

"I know for a fact that he wasn't going to lose it," he continued to BBC News. "It's not a problem - Michael's keeping Neverland.

"I've spoken to his brother, Tito, about it and it's not like it is in the papers. It's quite normal for anyone who's a success to have a mortgage on their property because they can get better rates for their money."

Jackson hasn’t lived at the ranch since it became the scene of child molestation charges in 2005.

A woman was arrested their last week after trespassing on the grounds. 60-year-old Billie Jean Jackson claimed that the ranch was legally hers as she was the pop star’s wife.


Got news? Email us at newsdesk@drownedinsound.com

Thank god

I had been worried

Does anyone else

really want to go there?

and now

... the plastic-faced gimp is looking to move down next door to me in North Devon.

I wish he'd go stand next to a radiator and melt down into a big gelatinous ball of filth (like Chip at the end of Wierd Science).

it'd be kinda like buying auschwitz

to build a holiday camp on the grounds

hence the 'kinda'

all i know is that those blokes who were on richard & judy and had £30million to buy it are gonna be properly pissed off.

You have no need to worry

as you are over 14.

their, there, they're

It looks like any old dickhead can be a journalist these days.

Re: Pop king's ransom: Michael Jackson keeps Neverland ranch

The foreclosure crisis is invading us, as well as Michael Jackson. As we see it no one is immune to this kind of situation. It seems that even people as well off as Michael Jackson, the King of Pop, could use a payday loan himself in these times. He has been getting a lot of coverage of his legal and financial troubles, and it apparently has come to a head. It has just been announced that Jackson will hold a 5-day auction in April of 2009, selling off various personal items. Among the lots for sale are the gates to his Neverland Ranch, and the white glove he wore in the video to his smash hit "Billy Jean." Since his eccentric behavior has gotten more and more high profile, some members of the press have taken to labeling him "Wacko Jacko." Jackson also recently settled a lawsuit brought against him by a member of the Bahraini royal family, out of court, who claimed that Jackson owed him money for not delivering a book and an album that Jackson agreed to produce in exchange for living expenses while he stayed in Bahrain for a few months. A spokesman for the Beverly Hills auction house said that it is not a forced sale, though sources close to Jackson say he ahs been living beyond his means for some time. If you don't to want to have to sell your stuff during a sudden dent into your budget, you can always look into options like payday loans. Click to read more on <a title="Michael Jackson Needs a Payday Loan" rev="vote-for" href="http://personalmoneystore.com/moneyblog/2008/12/11/michael-jackson-needs-a-payday-loan/">Payday Loans</a>.

Add your comment

Reply


 or Abandon