By
Associated Press
.
Published: Thu, March 13, 2008 - 2:43 pm
Last Updated: Thu, March 13, 2008 - 2:46 pm
(AP)Michael Jackson has refinanced Neverland ranch in time to saveit from a public auction that was scheduled for later this month.
Jackson attorney L. Londell McMillan told The Associated Press
on Thursday that the pop star has worked out a "confidential"
agreement with Fortress Investment Group, LLC. The deal allows him
to retain ownership of the famed property in Los Olivos.
"Neverland and MJ are fine," McMillan said.
An auction date had been set for March 19 because of $24.5
million the singer owed on the 2,500-acre spread northwest of Santa
Barbara.
A source close to the singer who requested anonymity because of
the sensitivity of the matter said it's not clear whether Jackson
will keep Neverland. Jackson has not lived there since his
acquittal on child molestation charges in 2005.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Michael Jackson Lets Neverland Fly Away
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meeee toooooo, now I can finally sleep at night, whheeww