Hey, Neverland is for sale!

[spinbaby]

Or at least will be soon if Michael doesn't raise 25 million.

http://www.independent.co.uk/news/world/americas/jackson-faces-loss-of-neverland-ranch-788579.html

[LynneSin]

1. Perhaps if he sold the Beatles catalogue

:shrug:

[northzax]

6. already mortgaged that to the hilt

with Sony, or so it is commonly believed. to the tune of $300 million or so.

[LynneSin]

10. John Lennon must be rolling in his grave

ugh!

[northzax]

11. amazing, isn't it?

in 20 years, Jackson has managed to make, and then blow, something significantly north of a billion dollars. Still, the Apple catalog was a brilliant investment, he paid $47 million in 1985 and it is now worth, in toto, about $500m. He sold half to Sony in the early nineties for about $100m, and is rumoured to have mortgaged the rest for up to $250m. the catalog generates about $100m/year in income. the only reason he isn't flat broke is that he should have refinanced along with everyone else in the early 2000s.

oh, and before anyone plunks down too much cash for Neverland, people should understand it costs about $2m/month to maintain...

[LynneSin]

12. So Neverland will be another foreclosure statistic I suppose

and does that $2mil include the cost of running the amusement park and animal care, plus keeping the wine cellar filled with Jesus Juice?

[Cant trust em]

2. Maybe every DUer can chip in 20 bucks

and we could buy the joint.

[spinbaby]

3. That would be a fun hangout

It could be our Democratic Underground secret lair.

[KitchenWitch]

4. Think of the parties...

:D

[Cant trust em]

5. Let's do it after the primaries are over

then maybe we'll have some fun and not a royal rumble.

[KitchenWitch]

7. good idea.

[Mike03]

8. Anyone know if it's true...

that there is a shorter version of the Disneyland ride "Pirates of the Caribbean" at Jackson's ranch? My sister told me that years ago, but I've never been able to verify it.

[Mike03]

9. Twenty five million....

You know it might be worth it. Not only will visitors pay to see it for the freak factor, but it sounds like it might actually be a nice place. Just for the real estate value alone, could be profitable.