A quanto pare Neverland è diventata una join-venture tra MJ e la compagnia Colony Capital Inc, e il suo nome è Sycamore Valley Ranch LLC
Jackson’s Neverland Ranch sold for $35 million
Michael Jackson has sold Neverland Ranch to a Delaware-based corporation for approximately $35 million, although the King of Pop retains an interest in the property.
The infamous property north of Los Olivos in Santa Barbara County was transferred from Jackson to Sycamore Valley Ranch Company LLC, which formed in mid-July, according to documents from the county assessor’s office.
Sycamore is a joint venture between Jackson and an affiliate of Colony Capital Inc., a Los Angeles-based company that purchased the entertainer’s $24.5 million mortgage on the property in May, according to a source close to the deal.
The pop star’s private amusement park and home at 5225 Figueroa Mountain Road opened in 1988 and consisted of 2,800 acres. Prior to that, it was a working cattle ranch owned by Bill Bone, a developer who has his own connections to Colony Capital.
A notice of default from a San Francisco title company was served in November 2007 suggesting that Jackson’s ownership of the ranch could be at risk. And a foreclosure auction in May was canceled after Colony Capital LLC purchased the multi-million loan.
Jackson has struggled to pay his debts in recent years after his financial empire crumbled following his arrest in 2003 on child-molestation charges. A jury later acquitted him and he reportedly hasn’t lived at Neverland for the past two years.
Fonte: Santamaria times
Altre fonti: mjjcommunity