Wacko Jacko sells Neverland Ranch

Article: The Daily Telegraph February 27, 2008 09:00 am WACKO Jacko's Neverland Ranch is going under the hammer at a public auction, and the pop star is selling everything inside. Jackson received word Monday from Title Finance Corporation, the trustee, unless it pays only a debt of $ 24525906.61 March 19, a public auction will go ahead, Santa Barbara, California, in front of the courthouse of the county. It is not only the house, the reports Foxnews.com When Neverland is sold at auction, it includes everything: the interior of all personal property, all fixtures and appliances, furniture, as well as "all merry go round devices", while rides, games . The auction includes literally every thing that is or is not nailed. At that time, Jackson may just miss the auction. It was not at Neverland since June 30, 2005, when he left for Bahrain. Nobody lives there, the animals at the zoo are all gone, the rides are either sold or closed. Financially, Jackson remains unable to cure his dilemma. More photos of Jacko bizarre here. Although it has refinanced its loan of $ 300 million from Fortress Investments, with the help of Sony Music, HSBC and Barclays Bank, the loan Neverland was not part of this agreement. Fortress would obviously like to get out of the business entirely now Jackson, the auction is their response. Neverland could be marketed as a retreat. Or maybe a very rich new owner must submit and make a fire sales pitch. But an era is about to end forever: Jackson, who brought this on himself, is about to lose one of its two main assets.
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