Posted November 10, 200717 yr Jackson 'will not lose Neverland' http://newsimg.bbc.co.uk/media/images/41423000/jpg/_41423194_neverland-getty-203body.jpg Jackson left the ranch after being acquitted of child abuse in 2005 Pop star Michael Jackson is in no danger of losing his Neverland ranch due to debt, his spokeswoman has said. She denied reports that the singer had defaulted on a $23m (£11m) loan on the California ranch, saying he was in the process of refinancing the building. The ranch was listed on a Santa Barbara County foreclosure report this week. Jackson left the ranch when acquitted of child abuse in 2005. In August, finance firm Prescient Acquisition said he had debts of $272.5m (£130m). The 1,100 hectare (2,800 acre) Neverland ranch was named after a fictional world in the story Peter Pan and contains amusement park rides and a zoo. "Mr Jackson is in the final stages of refinance and will not lose Neverland Valley Ranch," his spokeswoman Raymone Bain said. The 49-year-old singer closed the ranch after his trial and has since lived in Ireland, Dubai, Bahrain and Las Vegas. Earlier this month, he told US magazine Ebony that he was now living on America's east coast.
November 10, 200717 yr Author I wonder if he will ever move back into neverland. I suspect it is really overgrown by now. :(
November 14, 200717 yr I suppose it brings back bad memories for him aswell :( Must still cost a fortune though to keep the place up and running with the Zoo and everything.
November 14, 200717 yr Author SELL IT. If his in this debt that thing will pay for it -_- I don't think he is though tbh. I mean he said in the Barshi doc that he was worth over a billion, so I can't see him spending all of that since 2003. I wonder if he plans on moving back in at some stage. Did'nt Eminem want to buy it? :lol: :rolleyes:
November 14, 200717 yr I don't think he is though tbh. I mean he said in the Barshi doc that he was worth over a billion, so I can't see him spending all of that since 2003. I wonder if he plans on moving back in at some stage. Did'nt Eminem want to buy it? :lol: :rolleyes: I know he might splash the cash, but yeah i think its kinda impossible to blow a billion :lol:
February 5, 200817 yr I don't think he is though tbh. I mean he said in the Barshi doc that he was worth over a billion, so I can't see him spending all of that since 2003. I wonder if he plans on moving back in at some stage. Did'nt Eminem want to buy it? :lol: :rolleyes: Eminem surely love that.... :cheer:
