Im Sorry to bring you the larest news, that there will not be any more news updates!Debts amounting to nearly $25 million could mean Michael Jackson may lose his Neverland home.
Michael Jackson faces losing his famed Ranch unless he pays nearly $25 million. If he fails to do so, the ranch will be closed and sold at a public auction.
Unless he takes action to protect his property it may be sold. Jackson knows the property will have to go for auction.
The 49 year old singer has owned Neverland since 1988, the name is inspired from J. M. Barrie’s Peter Pan stories about a magical island where children never grow up. The property boasts a zoo, amusement park with merry go round and many other carnival rides, as well as statues of Peter Pan characters.
The King of Pop spends little time at Neverland over the past couple of years, since his acquittal in 2005 on child molestation charges. The ranch is being sold to pay his employees proper insurance.
Michael Jackson, father of three is trying to make a comeback in the music industry. Earlier this month, Sony BMG released a special extended edition of the historical 1982 album “Thriller,” to celebrate its 25th anniversary. The anniversary edition sold 167,000 during its first week.
This will be interesting to see if he can revive his career to pay the bills and make a serious comeback to the music industry.
