Michael Jackson’s Neverland Property Being Sold?

Is Michael Jackson’s Neverland is being sold? Is the controller of the property considered for sale?

If believed to the latest statement from spokesperson of Colony Capital, soon a decision could be reached for selling off the property of late pop singer Michael Jackson.

Michael Jackson's Neverland Property Being Sold

The Neverland property is near the central Californian coast. The property was named as such by Michael Jackson from the fairytale of Peter Pan.

Neverland has a private amusement park and a zoo. Jackson has been featured as the highest-earning dead celebrities list till date since his death. His estate made a profit of around $160 million for the year between October 2012 and 2013.

Own Blicksilver didn’t reveal any further details in his Friday statement.

Michael Jackson died in June 2009 when he was fifty. It is alleged he died from overdose of anaesthetic propofol. In 2008 he handed over the title on his property to Colony Capital from whom he had taken loan of $23 million. Then the investment firm said to be selling off it for about $70 million.

The estate is currently managed by John McClain and John Branca. They said it is sad for them but they will continue managing the family home of Jackson in Encino.

In a released statement the two added further, “We hope and trust that any new owners of Neverland will respect the historical importance and special nature of this wonderful property. Michael’s memory lives on in the hearts of his fans worldwide.”


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