Fox reports that Michael Jackson has edged forward in his battle to remain vaguely solvent.
His business partners, Sony, are helping him refinance his $300M loan with Fortress Investment Group. In theory, if the deal goes through, Barclays will buy the loan.
However, this does not cover the separate debt of $23M with Fortress held on Neverland.
Therefore he still faces losing Neverland, that being said he doesn't live there anymore.
Does it therefore really matter to him whether Neverland is lost or not?