Monday, December 3, 2007

Neverland News

Lawhd have mercy on Michael Jackson and his beleaguered finances. The once talented and accomplished black man's life seems to have started the long slow trip down the proverbial terlit since he transformed his visage into that of a middle aged white woman with a peculiar and unseemly penchant for hanging out with 9 year old boys.

Fox News reported the other day that the one time King of Pop turned tabloid freak show is in some deep financial doo-doo. Not only did he not cough up a court ordered $3,800,000 settlement to his former manager Dieter Wiesner that was payable on the 15th of November, he's having trouble with the refinancing and debt structuring that crazy talking Raymone Bain keeps screeching on about. And the bail bondsman is chasing the poor pale thing down too.

But the White Lady's drama does not stop there. Oh no children, he's got real estate woes to boot. As a result of the lack of financial folks willing to step up and bail out the single father of three very fair skinned children, he remains in default on the $23,000,000 loan secured by Neverland Ranch, his former home, private playground, and the scene of much the alleged child molesting for which he's been accused and acquitted. Fox News gossip Roger Friedman blabs that he was told that Jackson doesn't much care about his once beloved ranch and will likely allow the place fall into foreclosure sometime in January. Oh dear.

There are, however, reports floating about that say there are indeed interested parties who would be willing to purchase Neverland Ranch. According to Wigan Today, a UK based clothing magnate is actually negotiating to purchase the 2,700 acre spread. And, are the kids ready for this nonsense, the articles claims the Brit faces stiff competition from none other than Brad Pitt and Angelina Jolie who are rumored to think their multi-cultural brood might enjoy the zoo and carnival. What!?

Your Mama seriously doubts that Brangelina would want to buy Neverland Ranch, unless they're planning on relocating a few Cambodian villages or all the residents of the storm torn Ninth Ward of New Orleans to the Santa Ynez Valley. Which would be a spectacular act of charity and publicity. But does anyone really think these two want to live up in that Tudor mansion that's tainted with the scandals and Jesus juice of Michael Jackson? Come on!

The glittery gloved one, his three shockingly pale children, and presumably that high-larious Raymone Bain lady are reported to be in Las Vegas. However, before heading to the desert, the NY Post reported that the Jackson clan, who have not had a permanent home since sometime in 2005, squatted at supermarket mogul Ron Burkle's beautiful and behemoth Beverly Hills estate Green Acres. Prior to that, the Jackson family spent three months camped out with sympathetic family friends in Franklin Lakes, NJ, and previous to that he was living in a leased and modest house in suburban Maryland just outside of Washington, D.C.

Why the broken down singer doesn't just move back to Neverland Ranch or to the house he owns on Hayvenhurt Avenue in Encino is beyond our little mind to figure out. Yes, he'd have to deal with his parents who reportedly live in the Hayvenhurst house, but isn't that better and less embarrassing than asking Ron Burkle for lunch money or sleeping on a hideaway sofa in some finished basement in New Jersey?

It's all just so sad. Even if you don't like him, and Your Mama don't, it's still sad. He's got kids. What's going to become of those kids? Lawhd have mercy on their souls.

P.S. Your Mama would like to thanks our dear gurl Belinda Sue Beaverman, henceforth to be known at B.S. Beaverman, for all her research and links.

Photo: Pacific Coast News


Anonymous said...

Why does Michael Jackson enjoy tickling the youngin's weiners?

Anonymous said...

Mama, what's the order of events here?

I know of 2 places (S. Monte Christ Way & then the Prince of Brunei's place) in Las Vegas he stayed that have been talked about on this site. Was he staying at those places before shacking up at Burkle's in Beverly Hills, and NJ, and then Maryland or after. The white lady has been so many places of late, I can't keep it straight.

luke220 said...

Any pictures of the main house?

Anonymous said...

"Wigan Today"

OMG - Wigan is some tiny backwater in North East England ... I've never even heard of the 'clothing magnate' or the company he reportedly owns - I'm guessing it's all rubbish.

Anonymous said...

Go back to ENCINO mike!

Anonymous said...

Hmmm.. From Mama's link and a web search on "QS Discounts" and "The Big Label", it sounds like Simon Yates is a real person with a real company. The company website kind of sounds like it is a chain of clothing stores like we have at the premium outlets in the US. That can be big money. Whether he is really wanting to buy a large ranch on the opposite side of the Atlantic may be B.S....

Anonymous said...

Mama, I too hope the children are being properly cared for.

Anonymous said...

I know you're working on it and have already said something about it and also said stop bothering you about it, but I hate the way the comments open. The comments are strung out in a loooooooonnnng horizontal line that is too hard to read. Some gremlin has been fiddling with the knobs.

Forbes has a news piece on Yahoo about the 10 most expensive homes in '07. You've already posted about most of them. Nice work Mama.

Anonymous said...

Simon Yates and The Big Label are real, but not huge.

Their reported turnover for last year was about £6m (~ US$12m), which puts them well short of being able to buy Neverland on its own.

That having been said, he's well connected, and there's a long history of UK retailers being asked to be the public face of bigger consortia.

Mark Harrison

Anonymous said...

Yeah Mike suck it up and go back to Joe and Katherine’s at least do it for the kids! How long can you run from house to house with these kids in tow? We are tired of watching you go from house to house just like a real nut job! I know darn well you can afford a normal house anyway!

numonemofan said...

Michael is far from done or broke. Lets not forget he is the most famous person in the world, and the biggest recording artist in music history. If he wanted he could release a cd, and tour. He would be out of debt in NO time. Michael is bigger, in other parts of the world than he is in America, even though he is beyond huge here. He would easily outsell the Spice Girls tour.