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October 30, 2005

Jacko may sack Neverland to pay off his debts

Filed under: Uncategorized — enews @ 12:49 pm

London: Michael Jackson is reportedly planning to put his 2,700 acre Neverland Ranch in California on the market to pay his mounting debts, thereby giving more credence to latest rumours that his residency in the Persian Gulf state of Bahrain is more likely than not to become permanent.

The self-exiled pop star is in a financial crunch with staff not being paid on time and owes some 150 million dollars in loans, reports The Mirror.

“Everyone is p***ed. It was one thing when it happened during the trial but now is a different story,? the paper quoted a source as saying.

The singer went to Bahrain after he was acquitted of child molestation in June and reportedly has no plans to return to the United States.

Jackson’s spokesman had earlier in the week confirmed that he was planning to Bahrain his permanent residence due to the huge amount of support he had received from the local residents, and the fact that he had made many new friends during his stay.

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1 Comment »

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