[size=14pt]MICHAEL JACKSON'S FAMILY WANT TO BUY BACK NEVERLAND RANCH[/size]<br /><br />5th May 2013, By Mike Parker<br /><br />MICHAEL JACKSON's family want to buy back Neverland Ranch, the 3,000-acre estate where he lived for 20 years and raised his three children.<br /><br />Jacko’s executors took the £19million property off the market despite bids from several potential buyers, including celeb couple Jay-Z and Beyoncé.<br /><br />But family members, led by Jackson’s mother Katherine, say they intend to purchase it outright if they win their current civil court case at Los Angeles Superior Court against entertainment giant AEG.<br /><br />[size=12pt]Katherine, who turned 83 yesterday, and Jackson’s children Prince, 16, Paris, 15, and Blanket, 11, have already been given permission to reopen Neverland this summer[/size]<br /><br />[size=12pt]They intend to spend a week in one wing of the now-dilapidated main house, a private tribute to mark the fourth anniversary of the Thriller singer’s death aged 50 in June 2009.[/size]<br /><br />A source close to the Jacksons said: “It was Paris who persuaded her grandmother and brothers that Neverland should never be sold and should always remain in family hands.<br /><br />“She misses her father terribly and says the happiest time of her life was when she and her brothers lived with their father at the ranch. <br /><br />“Katherine has agreed they should fight to keep it.”<br /><br />The family would have to buy back the 15% of the estate owned by a company that refinanced it to stop Jacko being evicted.<br /><br />http://www.dailystar.co.uk/news/view/312858/Michael-Jackson-s-family-want-to-buy-back-Neverland-Ranch/
Nice announcement that MJ owns 85% of Neverland. That's a lot considering in 2005 I think he owned slightly more then half. I wish I had 85% of my house paid off... :icon_e_confused:
It's a weird way of saying that the MJ Estate took out some financing on Neverland. Any way the media can, they want MJ to look like he's poor, weak, and stupid.<br />So the Estate will pay off the debt, big deal...
The Jackson Family is NOT Michael Jackson.<br />They would have to buy it 100%, not only the 15%<br /><br />1/i thought the company which owned a part of Neverland, was partly owned by MJ (am I wrong ?)<br />2/ why would the kids have to buy something they HERITED ?? i don't get that point about the article.<br />3/ HOW ON EARTH can people have a place renovated and announce their decision to have it rebuild, when they don't own it ? <br /><br />
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