In 2006, Mr. Jackson’s former advisors refinanced Neverland Valley Ranch through Fortress Investment Group, LLC.
The loan matured in October, 2007.
Contrary to published reports, Mr. Jackson was never in default of the loan. Mr. Jackson is in the final stages of refinance and will not lose Neverland Valley Ranch.
No further comments will be made regarding this subject as it has been our long term policy not to address Mr. Jackson’s personal financial affairs.
Source: Raymone Bain
Items from David Gest’s memorabilia collection will be auctioned by Cato Crane on July 8th and 9th and it will include items that have been signed by Michael.