Michael Jackson’s Neverland Ranch Saved!
Michael Jackson got lucky, again!
It’s very well known that Michael has had financial issues for years now. This time, things have gotten so bad that Michael’s Neverland Ranch was set to go up for auction this week due to foreclosure.
Well, someone has just swooped in and saved the 2,700 acre property from being snatched up.
Some random company, Colony Capital, came in a purchased the remaining balance for Michael Jackson in hopes that he will one day be able to repay the balance.
Right, because Michael’s financial troubles are about to come to an end. I don’t think so!
They better hope his new album tops the charts or they might have found themselves a new $23.5 million debt!
Click to watch video after jump.
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Photo via newyorktimes
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