The 1,100-hectare Neverland Ranch, owned by pop superstar Michael Jackson, had been foreclosed and will be auctioned off on March 19, unless the fallen “King of Pop” pays off US$24,525,906.61 worth of debt.
The sprawling California property, which is located in Santa Barbara County, together with some personal belongings, sets of furniture and fixture, appliances, playground equipment, and amusement ride facilities, would be included into the auction sale. It was closed in 2006 after Jackson failed to pay his staff and maintain proper insurance.
A Fox News report confirmed that the pop icon has stayed away from Neverland since his acquittal on child molestation charges in June 2005.
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2 comments:
MJ was able to saved Neverland.
Aren't your the sister of MJ? :) Thanks, anyway. Yes, you are right. MJ was able to save his ranch via a refinancing scheme with the lender.
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