THE SPIN (Daily Dose of Celebrity News): MICHAEL JACKSON MAY LOSE NEVERLAND
Get into The Spin everyday as TV One’s Online blogger, Michael Arceneaux brings you daily doses of celeb gossip and news.
TODAY (NOV. 01): Michael Jackson May Lose Neverland
THE FACTS:
• Michael Jackson has 90 days to pay $23 million or he faces losing Neverland Ranch.
THE SPIN:
When I first reported on Michael Jackson’s financial situation, I assumed some of you Jackson fans would rally and initiate a Beat It: Debt Collection drive.
So much for that, because pop music’s beloved lost boy is about to lose his 23 acre connection to Peter Pan.
Michael was issued a notice of default on October 22 for failing to make payments on a loan he made. That’s the second step a lender can make before seizing property. If Michael doesn’t come up with $23 million in 90 days he will lose his Neverland Ranch.
He could also face additional legal problems with a foreclosure. That’s just great - more lawsuits.
Would someone lace up his old moonwalking shoes and send him to Las Vegas already? He needs to go make some money. Its obvious Janet isn’t going to pay for this mess, and we all know Jermaine, LaToya, and Rebe can’t help.
YOUR SPIN: Will losing Neverland be a symbolic chance for Jackson to grow up or should he fight to keep it?
TODAY (NOV. 01): Michael Jackson May Lose Neverland
THE FACTS:
• Michael Jackson has 90 days to pay $23 million or he faces losing Neverland Ranch.
THE SPIN:
When I first reported on Michael Jackson’s financial situation, I assumed some of you Jackson fans would rally and initiate a Beat It: Debt Collection drive.
So much for that, because pop music’s beloved lost boy is about to lose his 23 acre connection to Peter Pan.
Michael was issued a notice of default on October 22 for failing to make payments on a loan he made. That’s the second step a lender can make before seizing property. If Michael doesn’t come up with $23 million in 90 days he will lose his Neverland Ranch.
He could also face additional legal problems with a foreclosure. That’s just great - more lawsuits.
Would someone lace up his old moonwalking shoes and send him to Las Vegas already? He needs to go make some money. Its obvious Janet isn’t going to pay for this mess, and we all know Jermaine, LaToya, and Rebe can’t help.
YOUR SPIN: Will losing Neverland be a symbolic chance for Jackson to grow up or should he fight to keep it?
I THINK THAT MICHAEL SHOULD GIVE UP THE RANCH BEACAUSE PEOPLE WILL ALWAYS THINK OF IT AS A PLACE WHERE HE HAD s*x WITH KIDS AND HE CAN THE MONEY TO START OVER SOMEWHERE IN A ANOTHER CITY.LEAVE THE PASS IN THE PASS AND MOVE ON.