bobmoo79
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http://news.bbc.co.uk/1/hi/entertainment/7266186.stm
Jackson faces Neverland auction
Pop star Michael Jackson could lose his Neverland ranch if he fails to pay nearly $25m (£12.5m) that he owes on the sprawling California property.
If Mr Jackson does not pay more than three months' arrears on the property it will go to auction on 19 March, a Santa Barbara official told the BBC.
The reclusive singer has not lived at the property since his acquittal on child molestation charges in 2005.
He bought Neverland in 1987 intending to create a fantasy-land for children.
It is named after an island in the story Peter Pan, where children never grow up.
After he purchased Neverland, Mr Jackson built a zoo and fairground on the 2,800 acre (1,100 hectare) property north-west of Santa Barbara.
It was closed in 2006 after he failed to pay his staff or maintain proper insurance.
According to court documents cited by Fox News, the auction is to include the house and everything on the estate including "all ferris wheels, carousels, merry-go-round type devices... and all amusement ride equipment and facilities of every kind or nature".
This is real and is in the process of happening. BBC spoke to court officials who said that the loan must be paid or it will go to auction. we have seen the auction officially listed:
http://www.priorityposting.com/ppp/viewauctions.asp?TSNumber=45778JW
Why are people (including the mods) burying their heads in the sand?
Mike owns money on the property and hasn't paid. FACT
If Mike doesn't pay, then he will lose Neverland. FACT.
If Mike really wanted to get rid of Neverland and start again, he could have sold it himself after the trials. He could have demolished the buildings and sold the land for development. he could have developed the land himself. There were options open to him. The fact that it has come to this is embarassing for him and shows to me that he really wanted to keep the property for himself. No doubt when the sales is finalised there will be people crawling all over it to uncover all kinds of secrets and sell loads of stories to the press. This will be a very rough time for Mike and the fans - expect lots of nasty stories!!
I don't understand why he didn't get out there making money long before now. Sure, he has just released Thriller and it is doing better than most people expected, but it's been years since the trial and he could have released a brand new album by now. He could have performed a few concerts to earn money. He could have done interviews. there were so many ways to raise money that he hasn't taken advantage of. It is very strange to me.
The situation is real, so lets stop trying to bury our heads in the sand.
Jackson faces Neverland auction
Pop star Michael Jackson could lose his Neverland ranch if he fails to pay nearly $25m (£12.5m) that he owes on the sprawling California property.
If Mr Jackson does not pay more than three months' arrears on the property it will go to auction on 19 March, a Santa Barbara official told the BBC.
The reclusive singer has not lived at the property since his acquittal on child molestation charges in 2005.
He bought Neverland in 1987 intending to create a fantasy-land for children.
It is named after an island in the story Peter Pan, where children never grow up.
After he purchased Neverland, Mr Jackson built a zoo and fairground on the 2,800 acre (1,100 hectare) property north-west of Santa Barbara.
It was closed in 2006 after he failed to pay his staff or maintain proper insurance.
According to court documents cited by Fox News, the auction is to include the house and everything on the estate including "all ferris wheels, carousels, merry-go-round type devices... and all amusement ride equipment and facilities of every kind or nature".
This is real and is in the process of happening. BBC spoke to court officials who said that the loan must be paid or it will go to auction. we have seen the auction officially listed:
http://www.priorityposting.com/ppp/viewauctions.asp?TSNumber=45778JW
Why are people (including the mods) burying their heads in the sand?
Mike owns money on the property and hasn't paid. FACT
If Mike doesn't pay, then he will lose Neverland. FACT.
If Mike really wanted to get rid of Neverland and start again, he could have sold it himself after the trials. He could have demolished the buildings and sold the land for development. he could have developed the land himself. There were options open to him. The fact that it has come to this is embarassing for him and shows to me that he really wanted to keep the property for himself. No doubt when the sales is finalised there will be people crawling all over it to uncover all kinds of secrets and sell loads of stories to the press. This will be a very rough time for Mike and the fans - expect lots of nasty stories!!
I don't understand why he didn't get out there making money long before now. Sure, he has just released Thriller and it is doing better than most people expected, but it's been years since the trial and he could have released a brand new album by now. He could have performed a few concerts to earn money. He could have done interviews. there were so many ways to raise money that he hasn't taken advantage of. It is very strange to me.
The situation is real, so lets stop trying to bury our heads in the sand.