Michael Jackson has worked out a confidential agreement with Fortress Investment Group to retain ownership of his 2,500-acre Neverland ranch in Los Olivos, Calif., northwest of Santa Barbara, The Associated Press reported his lawyer as saying. Because Mr. Jackson owed $24.5 million on the property, it had been scheduled for auction on Wednesday. Mr. Jackson has not lived on the ranch since his acquittal on child molestation charges in 2005. A close associate of Mr. Jackson’s, who requested anonymity because of the difficult nature of the matter, said it was not clear whether Mr. Jackson would keep Neverland.
Neverland Valley Ranch is a developed property in Santa Barbara County, California, owned by American pop musician Michael Jackson. It operated as his private amusement park and home when the facility opened in 1988, but is no longer in operation. The property was purchased from golf course entrepreneur William Bone. The property is over 2,800 acres (11 km²) in size; it contains, among other things, a zoo and a theme park, with a Ferris wheel, merry-go-round, zipper, spider, sea dragon, wave swinger, super slide, dragon wagon kiddie roller coaster and bumper cars. It is named after Neverland, the fantastical island in the story of Peter Pan, where children never grow up.
The ranch is located at 5225 Figueroa Mountain Rd, Los Olivos, CA 93441,about 5 miles (8 km) north of unincorporated Los Olivos (about eight miles (13 km) north of the town of Santa Ynez), in the Santa Ynez Valley. The area surrounding Neverland previously consisted of working ranches; today, the area is made up of vineyards. A small prep school, the Midland School, is located across the road from the ranch.
British businessmen Liam Collins and David Bone were set to launch a joint £15 million bid to buy Michael Jackson’s ranch, Neverland, in an attempt to alleviate the singer’s financial crisis.
Entrepreneurs Collins and Bone, who are based in Newcastle, are huge fans of Jackson, and told the Daily Star that they began earning their own fortunes by busking in London, copying his dance routines.
“We really want to see Jacko back on his feet,” Bone said. Collins added: “If it wasn’t for Michael’s music and his fantastic dance routines, it is possible that we wouldn’t be where we are today.”
Neverland Valley Ranch is a developed property in Santa Barbara County, California, owned by American pop musician Michael Jackson. It operated as his private amusement park and home when the facility opened in 1988, but is no longer in operation. The property was purchased from golf course entrepreneur William Bone. The property is over 2,800 acres (11 km²) in size; it contains, among other things, a zoo and a theme park, with a Ferris wheel, merry-go-round, zipper, spider, sea dragon, wave swinger, super slide, dragon wagon kiddie roller coaster and bumper cars. It is named after Neverland, the fantastical island in the story of Peter Pan, where children never grow up.
The ranch is located at 5225 Figueroa Mountain Rd, Los Olivos, CA 93441,about 5 miles (8 km) north of unincorporated Los Olivos (about eight miles (13 km) north of the town of Santa Ynez), in the Santa Ynez Valley. The area surrounding Neverland previously consisted of working ranches; today, the area is made up of vineyards. A small prep school, the Midland School, is located across the road from the ranch.
British businessmen Liam Collins and David Bone were set to launch a joint £15 million bid to buy Michael Jackson’s ranch, Neverland, in an attempt to alleviate the singer’s financial crisis.
Entrepreneurs Collins and Bone, who are based in Newcastle, are huge fans of Jackson, and told the Daily Star that they began earning their own fortunes by busking in London, copying his dance routines.
“We really want to see Jacko back on his feet,” Bone said. Collins added: “If it wasn’t for Michael’s music and his fantastic dance routines, it is possible that we wouldn’t be where we are today.”
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