For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Michael Jackson gets to keep Neverland

    By Staff
    |
    Michael Jackson
    Washington (ANI): Michael Jackson has successfully saved his Neverland Ranch from a foreclosure sale after a loan on the estate was sold to an investment firm. The property in California was reportedly being sold off on May 14 if in case Jackson could not pay 24.5 million dollars he owed in property taxes. sHowever, Jacko breathed a sigh of relief when Colony Capital, a New York-based private equity group, stepped in to buy his loan.

    According to a statement from Jackson, the popstar is in discussions with Colony and its founder Tom Barrack Jr. "with regard to the ranch and other matters", reports Contactmusic. Meanwhile the company seems to be "very comfortable" holding the loan while it settles upon payment terms.

    Read more about: michael jackson neverland

    Get all the buzzing scoop from the world of entertainment - Filmibeat

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Filmibeat sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Filmibeat website. However, you can change your cookie settings at any time. Learn more