May 11, 2008 / 8:00 PM / in 10 years

Michael Jackson says ranch foreclosure averted

NEW YORK (Reuters) - Entertainer Michael Jackson said on Sunday that a foreclosure sale on his Neverland Ranch property in California has been canceled by Colony Capital LLC, which acquired the loan on the ranch from Fortress Investment Group and is negotiating a deal.

Michael Jackson fans sit near a banner outside Jackson's Neverland Ranch near Los Olivos, California on June 16, 2005. REUTERS/Lucas Jackson

Jackson said in a press release that he was “in discussions” over the ranch with Colony and was “pleased with recent developments.”

A spokesman for Jackson declined to provide further details.


0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below