Fallen superstar Michael Jackson has managed to save his beloved Neverland Ranch after a private equity firm bought out his loan on the property.
Los Angeles based firm Colony snapped up the $23.5 debt for the ‘Thriller’ hitmaker, the 49-year-old confirmed in a statement.
“I am pleased with recent developments involving Neverland Ranch and am in discussions with Colony and Tom Barrack with regard to the ranch and other matters that would allow me to focus on the future”, he said.
See Also
