Fox reports that Michael Jackson, facing foreclosure on Neverland for $23M secured by Fortress Investments, may have obtained an extension on that foreclosure.
Seemingly, according to Fox, Ron Burkle (big in groceries) may have interceded with Fortress and persuaded them to grant an extension.
How long Jackson has though is not clear.
Showing posts with label Ron Burkle. Show all posts
Showing posts with label Ron Burkle. Show all posts
Friday, February 01, 2008
Monday, June 18, 2007
Jackson Claims He Was Robbed
Michael Jackson claims that he was saved from financial ruin by the Rev. Jesse Jackson and billionaire Ron Burkle, during his child molestation trial in California.
The revelations come in a sworn deposition made by Jackson for a federal lawsuit set for trial this week.
Jackson believes that disloyal advisers stole from him while he was busy fighting criminal charges, thus causing his finances to teeter on the edge of the abyss.
Jackson claims that whilst his trial was going on, he was pressured to sign off on a multimillion-dollar financing deal with Don Stabler, one of his brother Randy's associates.
He said the Rev. Jackson and Burkle coached him on how to get through the issue with Stabler, adding that Burkle kept calling and telling him to not sign anything.
Jackson provided this information during discussions with lawyers for the Hackensack finance company, which is suing him in federal court in Manhattan.
Businessman Darien Dash claims Jackson owes his company, Prescient Acquisition, $48M for helping arrange financing to buy out Sony's half of the Beatles' song catalogue.
Jackson claims that he has never heard of Dash, and doesn't remember signing an agreement.
Either there is an agreement, in which case Dash will produce it in court, or there isn't.
The revelations come in a sworn deposition made by Jackson for a federal lawsuit set for trial this week.
Jackson believes that disloyal advisers stole from him while he was busy fighting criminal charges, thus causing his finances to teeter on the edge of the abyss.
Jackson claims that whilst his trial was going on, he was pressured to sign off on a multimillion-dollar financing deal with Don Stabler, one of his brother Randy's associates.
He said the Rev. Jackson and Burkle coached him on how to get through the issue with Stabler, adding that Burkle kept calling and telling him to not sign anything.
Jackson provided this information during discussions with lawyers for the Hackensack finance company, which is suing him in federal court in Manhattan.
Businessman Darien Dash claims Jackson owes his company, Prescient Acquisition, $48M for helping arrange financing to buy out Sony's half of the Beatles' song catalogue.
Jackson claims that he has never heard of Dash, and doesn't remember signing an agreement.
Either there is an agreement, in which case Dash will produce it in court, or there isn't.
Friday, June 30, 2006
Jackson Attends Court On Video
Michael Jackson gave his deposition yesterday, in the court case over the dispute with Marc Schaffel and $3.8M, via videotape.
In the video he said that he thought Marc Schaffel had been compensated, because he seemed happy.
Schaffels' attorney, Howard King, showed a portion of the tape (which was made in London) and noted:
"I've wanted Mr. Jackson to be here to tell his story.
He won't be here except by deposition. I had to go to London to take it. He will make a fine presentation. He's finely made up, costumed. You'd think he'd been in front of cameras his whole life."
In the tape, made in September 2005, Jackson was asked if he thought Schaffel wanted to be paid for his services.
Quote:
"I know he wanted something from me, of course... I do remember these long letters. He wanted me to pay him."
Jackson then continued:
"I'm sure he got money."
How could he be sure?
"Because he always seemed to be happy."
King noted "Money doesn't buy happiness."
King raised Schaffel's connection with the gay porn industry:
"Mr. Schaffel has a successful business background and one of these was in the legal adult entertainment business. In 2000 he was done with that and he began to work with Mr. Jackson."
Jackson's lawyer, Thomas C. Mundell, noted the Jackson is forgetful and accused Schaffel of fraudulently moving funds from Jackson's accounts to his own pocket and billing Jackson for expenses when he no longer worked for him.
He went on to contend that Schaffel in fact owes Jackson money.
Quote:
"The evidence will show Mr. Schaffel should have left well enough alone. He could have gotten away with a chunk of money from Michael Jackson ... but he sued for several million dollars."
King called Allan Whitman, a longtime Jackson business manager who was fired this week, as a witness.
Whitman detailed the advisers who came and went, as Jackson hired and fired them.
Some, according to Whitman, were paid $100K a month for services while others such as billionaire Ron Burkle and business magnate Alvin Malnik gave their services for free.
The trial continues.
In the video he said that he thought Marc Schaffel had been compensated, because he seemed happy.
Schaffels' attorney, Howard King, showed a portion of the tape (which was made in London) and noted:
"I've wanted Mr. Jackson to be here to tell his story.
He won't be here except by deposition. I had to go to London to take it. He will make a fine presentation. He's finely made up, costumed. You'd think he'd been in front of cameras his whole life."
In the tape, made in September 2005, Jackson was asked if he thought Schaffel wanted to be paid for his services.
Quote:
"I know he wanted something from me, of course... I do remember these long letters. He wanted me to pay him."
Jackson then continued:
"I'm sure he got money."
How could he be sure?
"Because he always seemed to be happy."
King noted "Money doesn't buy happiness."
King raised Schaffel's connection with the gay porn industry:
"Mr. Schaffel has a successful business background and one of these was in the legal adult entertainment business. In 2000 he was done with that and he began to work with Mr. Jackson."
Jackson's lawyer, Thomas C. Mundell, noted the Jackson is forgetful and accused Schaffel of fraudulently moving funds from Jackson's accounts to his own pocket and billing Jackson for expenses when he no longer worked for him.
He went on to contend that Schaffel in fact owes Jackson money.
Quote:
"The evidence will show Mr. Schaffel should have left well enough alone. He could have gotten away with a chunk of money from Michael Jackson ... but he sued for several million dollars."
King called Allan Whitman, a longtime Jackson business manager who was fired this week, as a witness.
Whitman detailed the advisers who came and went, as Jackson hired and fired them.
Some, according to Whitman, were paid $100K a month for services while others such as billionaire Ron Burkle and business magnate Alvin Malnik gave their services for free.
The trial continues.
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