If you were a bank or someone with a lot of money, would you lend $25 million to Michael Jackson? The gloved one is hoping someone will so he can save Neverland Ranch from the auction block.
Even though Michael vowed to never return after he fled to Bahrain after his sexual abuse trial, he still doesn’t want anyone else having his former home or stuff.
Bosses at Financial Title Company have announced they will sell the fabled California property at auction on March 19 unless the pop star comes up with the $24.5 million they claim he owes them. The Thriller singer vowed never to return to the Santa Barbara-area estate, where he once housed a zoo and theme park, after detectives ransacked the property for evidence to use against Jackson in his 2004 child molestation trial. But he doesn’t want his former home and fixtures and fittings to go under the hammer. A Jackson family insider insists the singer will avoid foreclosure on Neverland with a new loan, adding the auction “won’t happen.” The source tells CNN, “The financing is all being worked out. There are plenty of lenders willing to work with him.”
Kiss that $25 mil goodbye because Michael thinks he’s above repaying loans. Still, I bet he gets it.
