- Jul 17, 2012
ivy;4088320 said:I'm pretty sure he means it to be the from the first day he met michael - which actually would damage his claim
It would also portray Michael unfavorably that he had an oral, managerial contract on his first meeting with Tohme.
Below is what Jermaine stated about Tohme, Michael, and the NL deal in his book as per your summary. If Jermaine's version of the events are accurate, Tohme is not acting as Michael's manager and is most likely eligible for the finder's fee.
2007 when in Africa in a business meeting trying to find a backer for the project, a friend mentions Tohme Tohme as a guy "who knows a lot of people". March 2008 Jermaine and Halima goes to meet Tohme. Not charming but gracious. Jermaine discusses Crystal City to Tohme without mentioning Michael. 4 meetings with Tohme. Tohme says he'll try to come up with oil-rich investors to fund $6billion and report back.
Neverland foreclosure news. Jermaine worries that Michael would need to sell his catalog to save Neverland. He decided to call Tohme. Halima says "you hardly know the man". April 2008 Jermaine meets with Tohme , tells him the situation and asks if he knows anyone that can help. Tohme says Tom Barrack / Colony Capital would help and "he'll make sure of it". Jermaine goes to Las Vegas to talk to Michael. Security doesn't let Jermaine in. He goes to a hotel and comes back 3 times, still they don't let him in. He calls Katherine who calls Grace who lets Jermaine in. Jermaine complains about the security not letting him in. Michael tells him he'll make changes soon. Jermaine tells Michael about Tom Barrack.
"I know that my sister La Toya has said she wished she could have “protected” him from the likes of Tohme-Tohme, but had she known the history and the dire reality of the situation, I doubt she’d have held such an opinion."
Jermaine takes Tohme to meet Michael. Michael talks with Barrack on the phone. Meeting with all of them is set. Shortly before foreclosure Barrack pays $23M and gets 50% ownership at Neverland. Barrack and Tohme are heroes. Tohme becomes Michael's manager. Tohme looks over Michael's finances. Cash poor, asset rich. a lot of expenses.
2008 summer Michael shows Jermaine the photos of the house he wants to buy in Vegas that belonged to Prince Jefri of Brunei. He saw the house in 2007, decided to buy it in 2008 and was in negotiations in 2009 to make a $15M down payment for it funded by his TII contract.
Michael and Barrack get along very well. Barrack wants to open a thriller tower in his Hilton hotel. Michael asks him if he wants to partner with him on Sony/ATV catalog. Jermaine doesn't want to leave Michael vulnerable to Barrack and Tohme so he tries to recruit lawyer Joel Katz and Michael agrees. Tohme turns against Jermaine as he brings in a lawyer. Neverland auction. Michael approved it thinking only furniture in storage will be sold. He did not want Neverland would be dismantled and his personal possesions be sold. Michael soon fires Tohme.
Jermaine says before his firing even Tohme turned into a gatekeeper not allowing him to see Michael.