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Thread: Neverland Valley Ranch Has Been Sold

   
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    Exclamation Neverland Valley Ranch Has Been Sold

    Hi All,

    I just found out that Sycamore Valley Ranch Company LLC, the owner of Neverland Valley Ranch, sold the property on December 17 for $22M to Remember LLC from Delaware.

    At this point I don't know who is behind Remember LLC, if this means that the ranch has new owners or this is a kind of a re-organisation with the same shareholders. My gut feeling says that there are new owners, as it doesn't make much sense to move the property from one LLC to another in Delaware and move $22M at the same time.

    But if anyone can join to the research, that would be great!

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    Default Re: Neverland Valley Ranch Has Been Sold

    Update: Remember, LLC was represented in the deal by a lawyer called Robert Birmingham, who is a veteran real estate attorney. He works for the Yucaipa Companies, owned by MJ's then friend, Bob Burkle. Burkle was part of at least two attempts to reorganise the debts on Neverland while MJ was still alive.

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    Default Re: Neverland Valley Ranch Has Been Sold

    Intresting. Thanks leslie. Delaware is a tax haven (thats prob the wrong terminology)but maybe if its not been "sold" its been done to save on something else

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    Default Re: Neverland Valley Ranch Has Been Sold

    Quote Originally Posted by elusive moonwalker View Post
    Intresting. Thanks leslie. Delaware is a tax haven (thats prob the wrong terminology)but maybe if its not been "sold" its been done to save on something else
    I was thinking about this as well, but I don't see how they could save taxes by moving the property from one Delaware company to another versus moving it from for example from a California entity to a Delaware one.
    Also, in my update post I could find the tracks to that the acquiring company is connected to Ron Burkle (so far it was connected to Tom Barack).

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    Default Re: Neverland Valley Ranch Has Been Sold

    So what could this means? big news for neverland?



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    Default Re: Neverland Valley Ranch Has Been Sold

    Quote Originally Posted by NatureCriminal7896 View Post
    So what could this means? big news for neverland?
    I'm not sure if this will change anything from the fans' point of view, as Neverland still won't be accessible for the general public.
    Though it's interesting that the new owners named the company acquiring the property "Remember LLC".

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    Default Re: Neverland Valley Ranch Has Been Sold

    Quote Originally Posted by LeslieMJ View Post
    I'm not sure if this will change anything from the fans' point of view, as Neverland still won't be accessible for the general public.
    Though it's interesting that the new owners named the company acquiring the property "Remember LLC".
    bummer.



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    Default Re: Neverland Valley Ranch Has Been Sold

    i hope the new owners take care of it well and keep it like Michael would of had it. good luck to the new owners. i'm not gonna lie it does seem interesting. that's probably why this year they threw all the fans flowers etc away from the gates.

    i hope the new owners not michael haters because that would be a darn shame and break many fans hearts.

    this probably maybe another chapter ending for us fans. r.i.p michael you will always be remembered.



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    Default Re: Neverland Valley Ranch Has Been Sold

    **** it I don't know how to feel about that
    Thanx for the memories m
    💘L'andrew💘

    RIP Dearest M.

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    Default Re: Neverland Valley Ranch Has Been Sold

    It is said Ron Burkle brought it. He is a big supporter of MJ. Glad it sold and I hope Mr. Burkle take goo care of it or make it a museum to MJ so people can pay to go into NL.
    Mike's PYT

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    Default Re: Neverland Valley Ranch Has Been Sold

    Long Time Michael Jackson Friend Ron Burkle Buys the Former Neverland Ranch as A Land Bank Investment

    Long Time Michael Jackson Friend Ron Burkle Buys the Former Neverland Ranch as A Land Bank Investment | Showbiz411

    by Roger Friedman -
    Last edited by CherubimII; 24-12-2020 at 06:56 PM.
    God, I thank you for allowing Michael to continue to watch over his children:

    Prince Michael, Paris, and Blanket ("Bigi").


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    Default Re: Neverland Valley Ranch Has Been Sold


    From Left to Right
    Michael Jackson, Sean "Puffy" Combs, Ron Burkle
    God, I thank you for allowing Michael to continue to watch over his children:

    Prince Michael, Paris, and Blanket ("Bigi").


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    Default Re: Neverland Valley Ranch Has Been Sold

    Neverland was purchased by the late King of Pop.

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    Default Re: Neverland Valley Ranch Has Been Sold

    Quote Originally Posted by Sophia2023 View Post
    Neverland was purchased by the late King of Pop.
    duh. but he banned it after the trial. near the end of his life he moved to somewhere else that he loved better. so in reality michael didn't care about neverland anymore. so in reality we shouldn't either in my opinion.



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    Default Re: Neverland Valley Ranch Has Been Sold

    i hope ron take good care of neverland. that's all i hope for. he might make it into something good. hopes for the future good luck ron.



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