Michael Jackson Keeps Neverland Ranch

Posted by Veronica Santiago Categories: Music, Sports, Legal Issues, Rumors

Despite coming narrowly close to losing his Los Olivos home, Michael Jackson has managed to stay on as owner of Neverland Ranch.

The 2500-acre property was set to go on the auction block next week due to unpaid taxes.  Luckily for Jackson, his lawyers were able to work out a private agreement that would allow him to refinance his $24.5 million debt.

It’s unclear at this point whether the singer will opt to hang on to the home or attempt to sell it on his own terms.  Michael has not actually lived on the estate since the whole 2005 child molestation scandal.

David Beckham - Victoria’s better half - is one of the parties rumored to be interested in the property.

Read More | Page Six

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No More Neverland for Jackson

Posted by Kathleen Kane Categories: Music, Legal Issues

Unless fallen icon Michael Jackson can pay off a $24.5 million loan by March 19th, the infamous Neverland Ranch will be auctioned off to the public.

On top of that, it’s not just the house that’s being auctioned off—it’s everything in and on the property, according to FOXNews.com. They report that Jackson may even let the Santa Barbara estate be sold, as he has not lived there for nearly three years.

Although Britney Spears has been giving Michael competition for the Most Mentally Unstable Celebrity Award, Jackson is still quite the oddball who just might fight at the very end to keep his beloved ranch. Then again, it could very well go in the opposite direction by falling into the hands of a very crazed fan. Some people are even speculating that it may even be best to leave as a museum, since Jackson’s international fan base is still very strong.

Read More | Fox News

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