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Neverland Nevermore

Sycamore Valley Ranch Company LLC, a Delaware-based company bought Neverland Ranch, Michael Jackson's creepy amusement park/estate/house of horrors for $35 million dollars.

Neverland

Damn. That ought to cover a lot of legal fees.

Then again, he may need the extra cash for legal fees. Since the Neverland is reportedly worth 24.5 million and he sold it for $10 million more than that and it looks like Jackson might have some interest in Sycamore Valley Ranch Company. Some reports say he gave the ranch to the company. Like most things about Michael Jackson this story makes no sense.

Michaeljackson_creepy_scary

The good news is that just because he sold the ranch it doesn't make him any less freakish interesting. I read that Jackson had something like $300 million worth of debt? How does one even go about racking up that kind of debt.

I guess you buy the rights to Beatles songs, a couple giraffes and the Elephant Man's bones. Yep. That ought to do it.

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Comments

Mike

I believe he made money rather than lost on the Beatles publishing rights. He only sold them when he was forced by the need to deal with debt.

I don't know how he got into so much debt, especially as he seems to be pretty shrewd when it comes to business. If the Bashir document film is any indication, his shopping was out of control at the time. In the film he basically walked through a shop in Las Vegas, pointing at things he wanted and his assistants paid for it. The place sold these super-expensive, super-kitschy sculptures and other pieces of art. He emptied half of the place and spent tens of thousands or more literally in minutes on what seemed like total crap. The shop owner was positively beaming. Well, I guess the kitsch was made of real gold, so maybe the metal itself has caught up in value to the selling price by now.

JZMom

*Shudder* WHAT is up with that picture??? Did you ever see Jumanji? Remember when the brother turned into part monkey? That's what facial hair makes MJ look like. Not a monkey, but a 10 year old kid who has turned into a part-monkey in one of my favorite movies of all time.




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