The chances of making it in Hollywood or pro sports is slim. That's why stories like this REALLY piss me off. You work hard, sacrifice, beat the odds, become part of a select group, then f--k it up by showing a complete lack of respect for money. I don't care what your economic standing is, treat money like it's going out of style. Sooner or later, somebody has to pay the bills.

Shame on you, Michael.

I love you Michael, fuck all this shit their talking about I'll still love you.

I tend to think that any music star of Jackson's stature , regardless of the decline hes currently on , could probably make a shitload of money off of a good album and tour and recoup some if not all of it . Look at Prince as an example , how many people were writing him off in the late 90s , all it took was one good year , and a tour that never even ventured outside the USA , and he banked how much last year according to the reports , $94m was it .
I'd say Jacko's quite capable of raking in that sorta cash from touring too , regardless of album sales he's still got a hardcore base who'd pay to see him tour wherever surely , and isnt touring where the money is made for music stars nowadays ?

Plus he is super lazy and his body is messed up how will he dance his way thru??

FOR IMMEDIATE RELEASE CONTACT: Raymone K. Bain

December 9, 2005

STATEMENT REGARDING MICHAEL JACKSON




Raymone K. Bain, Personal spokesperson and publicist for
Mr. Michael Jackson, releases the following statement:



“Michael Jackson has been working with several artists recording his Katrina Relief song, and with me all week, including today. He is doing fine. I have never seen him happier or healthier.

Whomever these individuals are who are intent on disseminating false information throughout the media regarding Mr. Jackson, should begin hiring good attorneys. Likewise, the few irresponsible journalists who continuously rely on these ‘sources,’ and report this false information.

Mr. Jackson’s tolerance level has come to an end. The Green light that people have thought they have had to willfully impugn Michael Jackson’s character and integrity has now become Red."

FOR IMMEDIATE RELEASE CONTACT: Raymone K. Bain

December 9, 2005

STATEMENT REGARDING MICHAEL JACKSON




Raymone K. Bain, Personal spokesperson and publicist for
Mr. Michael Jackson, releases the following statement:



“Michael Jackson has been working with several artists recording his Katrina Relief song, and with me all week, including today. He is doing fine. I have never seen him happier or healthier.
Whomever these individuals are who are intent on disseminating false information throughout the media regarding Mr. Jackson, should begin hiring good attorneys. Likewise, the few irresponsible journalists who continuously rely on these ‘sources,’ and report this false information.

Mr. Jackson’s tolerance level has come to an end. The Green light that people have thought they have had to willfully impugn Michael Jackson’s character and integrity has now become Red."

The chances of making it in Hollywood or pro sports is slim. That's why stories like this REALLY piss me off. You work hard, sacrifice, beat the odds, become part of a select group, then f--k it up by showing a complete lack of respect for money. I don't care what your economic standing is, treat money like it's going out of style. Sooner or later, somebody has to pay the bills.

Shame on you, Michael.

FOR IMMEDIATE RELEASE CONTACT: Raymone K. Bain

December 9, 2005

STATEMENT REGARDING MICHAEL JACKSON




Raymone K. Bain, Personal spokesperson and publicist for
Mr. Michael Jackson, releases the following statement:



“Michael Jackson has been working with several artists recording his Katrina Relief song, and with me all week, including today. He is doing fine. I have never seen him happier or healthier.

Whomever these individuals are who are intent on disseminating false information throughout the media regarding Mr. Jackson, should begin hiring good attorneys. Likewise, the few irresponsible journalists who continuously rely on these ‘sources,’ and report this false information.

Mr. Jackson’s tolerance level has come to an end. The Green light that people have thought they have had to willfully impugn Michael Jackson’s character and integrity has now become Red."

hellomoto said:

Woah! ...that's one pretty strong-assed statement right there!

BananaCologne said:

About fuckin' time. Has there ever been another person who suffered such defamation of character?

"nope"- linda tripp

FOR IMMEDIATE RELEASE CONTACT: Raymone K. Bain

December 9, 2005

STATEMENT REGARDING MICHAEL JACKSON




Raymone K. Bain, Personal spokesperson and publicist for
Mr. Michael Jackson, releases the following statement:



“Michael Jackson has been working with several artists recording his Katrina Relief song, and with me all week, including today. He is doing fine. I have never seen him happier or healthier.

Whomever these individuals are who are intent on disseminating false information throughout the media regarding Mr. Jackson, should begin hiring good attorneys. Likewise, the few irresponsible journalists who continuously rely on these ‘sources,’ and report this false information.

Mr. Jackson’s tolerance level has come to an end. The Green light that people have thought they have had to willfully impugn Michael Jackson’s character and integrity has now become Red."

cko racing to 270M foreclosure in two weeks

http://www.nydailynews.co...7080c.html

Jacko racing to 270M ruin



By MICHELLE CARUSO
DAILY NEWS WEST COAST BUREAU CHIEF

LOS ANGELES - Michael Jackson faces a crushing $270 million foreclosure in two weeks that could mean he loses his Neverland Ranch and Sony Beatles music catalog, the Daily News has learned.
And as the fallen star's financial D-day, Dec. 20, looms, he is "isolated and intoxicated" on prescription pills in Bahrain while frantic family members rush to plan a rescue mission to the Middle Eastern nation, sources said yesterday.

"It's a meltdown - Michael's life is on the line, physically, and his finances are in ruins because he has listened to the wrong people," said one source familiar with Jackson's business woes.

His family, especially brother Randy and sister Janet, are frantic. "Janet thinks he needs 12 months of rehab. ...Randy wants to get Michael out of the clutches of handlers who don't have his best interests at heart," alleged the business source.

"All of the chickens have come home to roost. Michael will be homeless - a houseguest of the prince [of Bahrain]," said a family source familiar with the crisis.

Jackson's three kids and nanny Grace Rwaramba are with him, guests of the royal family. "Grace has been calling the shots. She has made it difficult for the family to communicate with Michael," said the business source.

The heavily mortgaged and leveraged pop star's financial woes heated up last spring while he was on trial for child molestation, according to the business source.

At the time, Jackson owed $270 million to Bank of America (two loans, one for $70 million and another for $200 million.), the source said. The debt was secured by the singer's Neverland Ranch and his share of the SONY/ATV music catalog, which some experts think may be worth $1 billion or more.

In April, Jackson defaulted on the smaller loan, triggering a total revamp of his finances, the source said. In May, Fortress Investments bought Jackson's $270 million loan package from the bank and tried to work out a payment plan with the pop star, who was acquitted of all criminal charges last June.

But Jackson failed to make his payments and defaulted in October, according to the source. Now, Dec. 20 looms as the foreclosure date and sources say Jackson has no way of paying off the massive note. That means Fortress will have to sell off his assets to recoup their $270 million, the source said.

In addition, Jackson has failed to make payments on a $2.2 million second mortgage he took out on the family's Hayvenhurst mansion in Encino, Calif., and his kin expect to get the boot in the new year.

Jackson bought the home for his family in the 1970s, and his mom, Katherine, brothers Randy and Jermaine, Jermaine's ex-wife Alejandra and several of Randy and Jermaine's kids now live there. Dad Joe is said to spend little time there.

"They are making plans to move. This is the home where Katherine raised her children and now she has to leave," said the source. Fortunately, Janet Jackson bought her 75-year-old mom a house in Las Vegas, so she won't be homeless.

Originally published on December 8, 2005