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Tastylunch (29.89)

Neverland Ranch is saved

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March 13, 2008 – Comments (2)

darn thought it would be the most interesting casaulty of the mortgage crisis

Michael Jackson has refinanced Neverland ranch in time to save his famed California spread from a public auction that was scheduled for later this month.

Jackson attorney L. Londell McMillan told The Associated Press on Thursday that the pop star has worked out a "confidential" agreement with Fortress Investment Group, LLC. The deal allows him to retain ownership of the famed property in Los Olivos, Calif.

"Neverland and MJ are fine," McMillan said.

An auction date had been set for March 19 because of $24.5 million the singer owed on the 2,500-acre spread northwest of Santa Barbara.

A source close to the singer who requested anonymity because of the sensitivity of the matter said it's not clear whether Jackson will keep Neverland. Jackson has not lived there since his acquittal on child molestation charges in 2005.

http://news.yahoo.com/s/ap/20080313/ap_en_ce/people_michael_jackson_

 

 

2 Comments – Post Your Own

#1) On March 13, 2008 at 8:51 PM, camistocks (< 20) wrote:

Yeah, Michael Jackson today is only a shadow of himself. He was one of the most influentual artists back in the 1980s. The following live performance video has just made me dance and do the moonwalk in front of my computer! Check it out: MJ, Billie Jean

 

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#2) On March 13, 2008 at 9:35 PM, Tastylunch (29.89) wrote:

man no kidding that man could really really dance. I miss the old MJ. MTV was actually worth watching back then.  His fall from grace is one of the true American tragedies..

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