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  • Neverland Auction Postponed

    Mon, 17 Mar 2008 10:08:59

    Neverland Auction Postponed - Until May

    Michael Jackson Photos

    • Michael Jackson - GARY, IN - JUNE 25: Fans pay respect to the King of Pop at 2300 Jackson street on the 5th Anniversary of Michael Jackson's Death on June 25, 2014 in Gary, Indiana.
    • Michael Jackson - GARY, IN - JUNE 25: Fans pay respect to the King of Pop at 2300 Jackson street on the 5th Anniversary of Michael Jackson's Death on June 25, 2014 in Gary, Indiana.
    • Michael Jackson - GARY, IN - JUNE 25: Fans pay respect to the King of Pop at 2300 Jackson street on the 5th Anniversary of Michael Jackson's Death on June 25, 2014 in Gary, Indiana.

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    While Michael Jackson still owes $24.5 million on his Neverland Ranch, the property's auction has been pushed back until May 14 after a "mutual agreement" between the pop star and his creditors.

    "That allows us to refinance or sell the property," Jackson's attorney, L. Londell McMillan, told The Associated. "We expect to have this matter resolved well before May 14."

    Jackson hasn't lived at his 2,500-acre home/playground since 2005, when a jury acquitted him of molestation charges. He bought the Neverland Ranch from a real estate baron (William Bone) in 1988.

    —The ARTISTdirect Staff
    03.17.08



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