SoulAlive said:

i don't think it's laziness. i've always heard his colleagues describe his work ethic as quite the opposite. i think he doesn't want to tour, period.

a man who is desperate for money doesn't walk away from millions of dollars. he has other sources of income, that much should be clear. given his presumed debt load, a lot of that income is probably taken up in payments toward that debt, but he's keeping his head above water (if only just a little).

isn't the article saying he's still part of the company he's transferred title to? sounds like some business maneuver to me. since he had no plans to live there (that we know of at this time) or operate it as in the past, why not 'lose' neverland?
[Edited 11/13/08 9:54am]

From the ever-reliable Roger Friedman...

Jacko and Janet May Tour Together

I told you last week that Michael Jackson is being encouraged by his advisers to accept a deal for 30 or so shows at the O2 Arena in London.

Now I’m told that the deal has been sweetened by an offer to Michael’s sister Janet as the opening act. Additionally they would perform together on stage.

Unlike rumors of a Jackson 5 reunion with Michael, this is solid. Frankly, Michael hates memories of the Jackson 5 and doesn’t care much for a couple of his brothers. But he loves Janet, respects her, and this may be a good thing for both of them.

For once, Janet has as many career problems as Michael. She’s had three dud albums in a row, and now has no record label. As well, she’s had a ton of problems this fall with cancelled shows.

As for Michael, this has been a hard week. The paperwork has just been filed in Santa Barbara County, California for Colony Capital to take over his Neverland Ranch. They bought the $23.5 million loan from Fortress Investments.

Colony has formed a new business entity, according to papers obtained by this column from Santa Barbara County, called Sycamore Valley Ranch Company LLC, a Delaware limited liability company. As of November 1st, Colony Capital aka Sycamore now has Jacko’s deed. Neverland is Nevermore.

For Jackson to earn enough money to pay back the Neverland loan and sell the property, his only realistic option is to take the deal in London offered by AEG Live. But Jackson is a petulant 50 year old child. So far he’s rejected all reasonable efforts to save himself financially.

http://www.foxnews.com/st...,00.html#3

NaughtyKitty said:

kibbles said:

Yes it does... but of course... everybody is conveniently overlooking this and talks about him "loosing" Neverland!

PatrickS77 said:

okay, so it's not just me!

"Neverland" is dead, people, deal with it:

Ah... whatever... as long as Michael retains ownership, even if it's just partowner, Neverland is still alive! Otherwise he would have sold it!

It's truly the end of an era!

PatrickS77 said:

Part-ownership, Patrick.

He retains interest.



It's Sycamore Ranch to me now.

Well yes... you've never been there... so what do you know?

PatrickS77 said:

I didn't wanna go anyway. I live in the South, fool.

NaughtyKitty said:

Ah, that idiot is still alive? I won´t even read that.
[Edited 11/13/08 11:46am]

Does anyone know how much of this company MJ owns? If it's a majority stake then it can be seen as just a transfer, but if it's a small stake then this is a major loss.

Its like with all this credit crunch it would be difficult for him to refinance it
I am sure its not voluntary since gettin loans is so tuff.

midnightmover said:

No one knows. There was a report he sold it or transfer it for $35 million. But who knows?

PatrickS77 said:

Yes, its alive "in our hearts"

sunsetdriver1999 said:

I just love how you quote it.

Like people got an amusement park inside their bodies.

So long Neverland.

shesoffthewall said:

I'm reminded of the scene at the end of The little mermaid when the pitchfork becomes the property of the King again and all the little weeds are liberated and the merpeople swim away.

The kids are free!

NaughtyKitty said:

Roger Friedman is full of shit This guy constantly prints stuff that is just not true,lol.

dag said:[quote]

SoulAlive said:

If the outrageous money and touring makes Madonna happy, let her do whatever she wants to do. I don´t understand why MJ should do what Madonna does.

So in other words,you don't understand why Michael should work for a living?

SoulAlive said:

They reported this same story on E! News the other night. Sometimes his stuff is accurate, other times, not so much

the way i read it , jackson and colonel capital have set up a company where they both have an interest in the ranch but mj gets $35m for the deal.

it sounds like they will turn this into a business venture and perhaps open the ranch to the public? who knows?

FunkyBrotha said:

that's what i think will happen. it could be a little like griffith park here in l.a. after all, neverland has its own train, just like griffith park!

dag said:

DEAD @ "Peter Pan has left the building".

I wish roger Friedman would discover internet porn and stop wanking everytime he's typing out his MJ fanfic articles.