.

Michael Jackson In Danger of Losing Neverland Ranch Again

February 27, 2008 10:30 AM ET

In what is becoming a regular news item, Michael Jackson is once again in danger of losing his Neverland Ranch to the highest bidder if he doesn't pay up the $24 million he owes by March 19th. A San Francisco title company, Financial Title Co., filed a notice of trustee's sale and set the auction date for the Santa Barbara, CA estate giving Jackson less than a month to pay his debts. Last October, we reported a similar story, with Jackson given ninety days to pay off $23 million. Despite the huge debt, Jackson is still a rich man, with a fifty-percent stake in Sony/ATV Music Publishing (which owns the rights to the Beatles songs) and strong sales on his recent twenty-fifth anniversary edition of Thriller. Thus it seems unlikely that Jackson will lose his Neverland Ranch, and extremely likely that Rock Daily will be reporting this story again in another six months.

Related Stories:
"Thriller"Celebrates Twenty-Fifth Birthday With Video, Podcasts, Radio
New Music Report: Michael Jackson's 25th Anniversary of "Thriller"
The "Thriller" Remixes: Kanye, Akon, Will.i.am and Fergie Try to Top the Chipmunks' "Beat It"

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

prev
Music Main Next
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.

X

We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

Song Stories

“Money For Nothing”

Dire Straits | 1984

Mark Knopfler wrote this song with Sting, and it wasn’t without controversy. The Dire Straits frontman's original lyric used the word “faggot” to describe a singer who got their “money for nothing and their chicks for free.” Even though the slur was edited out in many versions, the band, and Knopfler, still took plenty of criticism for the term. “I got an objection from the editor of a gay newspaper in London--he actually said it was below the belt,” Knopfler told Rolling Stone. Still, "Money For Nothing," undoubtedly augmented by its innovative early computer-animated video, stayed at Number One for three weeks.

More Song Stories entries »
 
www.expandtheroom.com