Michael Jackson saves Neverland Ranch from auction block - Sitcoms Online Message Boards

Ireneparalegal · 03-13-2008, 06:30 PM

I guess MJ has intentions of coming back home someday.

Posted: 2008-03-13 13:50:32

(March 13) - 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.

Mark J. Terrill, AP Neverland Saved1 of 6 Michael Jackson won't lose his famed Neverland ranch which had been scheduled to be auctioned on March 19. The pop star worked out a "confidential" deal to save the Santa Ynez, Calif. property, which the singer opened in 1988.

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.

TJL · 03-13-2008, 06:39 PM

Jeez, how many more "deals" can this guy make?

Five bucks says they convert the place into a Graceland like tourist sopt.

It's the only way he'll be able to make money.

Ireneparalegal · 03-13-2008, 06:47 PM

^^^They might as well make it a tourist spot and make money. People go there all the time just to take pics outside the gates.

88survivor · 03-13-2008, 06:50 PM

How many deals can he make? 50 bucks says he'll become a hermit, like Howard Hughes.

03-13-2008, 06:30 PM	#1
Ireneparalegal LEGAL SPICE ;) Forum Legend Join Date: Jul 25, 2005 Location: OXNARD, CA - WHERE THE DALLAS COWBOYS TRAIN & PRACTICE Posts: 38,691	Michael Jackson saves Neverland Ranch from auction block I guess MJ has intentions of coming back home someday. Posted: 2008-03-13 13:50:32 (March 13) - 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. Mark J. Terrill, AP Neverland Saved1 of 6 Michael Jackson won't lose his famed Neverland ranch which had been scheduled to be auctioned on March 19. The pop star worked out a "confidential" deal to save the Santa Ynez, Calif. property, which the singer opened in 1988. 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.

03-13-2008, 06:39 PM	#2
TJL Suburbanite Extrordinaire Forum Star Join Date: Dec 29, 2001 Location: New Jersey - the cradle of civilization Posts: 16,588	Jeez, how many more "deals" can this guy make? Five bucks says they convert the place into a Graceland like tourist sopt. It's the only way he'll be able to make money.
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03-13-2008, 06:47 PM	#3
Ireneparalegal LEGAL SPICE ;) Forum Legend Join Date: Jul 25, 2005 Location: OXNARD, CA - WHERE THE DALLAS COWBOYS TRAIN & PRACTICE Posts: 38,691	^^^They might as well make it a tourist spot and make money. People go there all the time just to take pics outside the gates.

03-13-2008, 06:50 PM	#4
88survivor Member Senior Member Join Date: Mar 03, 2006 Location: NY Posts: 1,849	How many deals can he make? 50 bucks says he'll become a hermit, like Howard Hughes.