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December 3, 2008 12:54:20 PM CST


Neverland

Neverland news stories

6 Stories

 Jackson Parts With Neverland 

Deed turned over to firm owned in part by Vegas real estate firm

(Newser) - Michael Jackson's Neverland dream is over, E! Online reports. The star has handed the deed for his now run-down 2,500-acre California ranch to a company owned partly by himself and partly by the real estate firm that owns the Las Vegas Hilton—sparking rumors that a ranch comeback could be on the cards. The site, once home to a thriving zoo and state-of-the-art amusement park, will be renamed the Sycamore Valley Ranch. More »

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Investors Throw Dice on Jacko's Vegas Comeback

Investment firm pushing for a start to Michael Jackson: the Vegas Years

(Newser) - A Las Vegas comeback could be in the cards for Michael Jackson if a private equity firm has its way, the Wall Street Journal reports. A firm that owns the Las Vegas Hilton and a big stake in a casino company bought $23 million of Jackson's debt last month and is now in talks with the singer about an Elvis- or Celine-style residency on the Strip. More »

More about:  Las Vegas private equity singer Michael Jackson comeback private equity firms Neverland

 Investment Firm
 Bails Out Neverland 

Eccentric Pop King gets to keep fantasy land estate

(Newser) - An investment company has bailed out Michael Jackson’s Neverland Ranch and a foreclosure auction of the 2,500-acre California property—which once featured roaming wild animals and amusement park rides—has been canceled, reports the Los Angeles Times . The financially troubled pop star bought the Los Olivos ranch in 1988 for $28 million. Jackson, who moved to the Middle East after his acquittal on sex abuse charges, will now be able to keep the estate. More »

More about:  celebrity California foreclosure auction Michael Jackson ranch Neverland

 Jacko Can Keep Neverland 

Last-minute deal keeps King of Pop's ranch from public auction

(Newser) - The King of Pop will live another day as the rancher of Neverland. Michael Jackson made a last-minute deal today to refinance his notorious California homestead and will retain ownership, the AP reports. The 2,500-acre property had been scheduled for a public auction next week after Jackson—who hasn't lived there since being acquitted of child molestation charges in 2005—defaulted on his $24.5 million loan. More »

More about:  celebrity California David Beckham Michael Jackson default child molestation Neverland

Jackson's Neverland Foreclosed

2,800-acre ranch is set for sale in March

(Newser) - Creditors have foreclosed on Michael Jackson’s Neverland Ranch, which will be auctioned March 19 if the King of Pop doesn't pony up $24.5 million by that date, Fox News reports. If the sale goes through, Jackson would lose everything in the California house, including furniture and relics of its amusement park. He may let it go, Fox says: he beat it for Bahrain in 2005. More »

More about:  celebrity California foreclosure auction Michael Jackson ranch Neverland

Cash-Strapped Jacko Could Lose Neverland

King of Pop defaults
on $23M loan and has 90 days to pay—or else

(Newser) - Michael Jackson has defaulted on a $23 million loan against his storied Neverland Ranch, and he’ll lose the Santa Barbara fortress if he doesn’t pay in 90 days. The King of Pop is in his worst financial situation ever, says Fox News, and speculation is mounting that he’ll declare bankruptcy to limit the damage. More »

More about:  Sony Michael Jackson default loan Bahrain Santa Barbara Neverland Elvis

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