Despite reports about Michael Jackson being in danger of losing Neverled, as a result of defaulting on his debts, Raymone Bain insists that all is well.
She claims that Jackson's former advisers refinanced the loan in 2006. The loan matured last month, and now he is refinancing the $23M loan again.
Quote:
"Mr. Jackson is in the final stages of refinance and will not lose Neverland Valley Ranch."
So that's alright then.
Jackson doesn't live in Neverland anymore; he now resides in Washington, as does Rayomone Bain.
Friday, November 09, 2007
Thursday, November 08, 2007
No Change
In an interview published in Ebony, Michael Jackson claims that he has barely changed since releasing Thriller.
Quote:
"That Michael is probably the same Michael here."
I guess he is ignoring the change in skin colour and facial features then?
Quote:
"That Michael is probably the same Michael here."
I guess he is ignoring the change in skin colour and facial features then?
Wednesday, November 07, 2007
Refinancing
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?
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?
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