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Report says Jackson's ranch to be auctioned off in March

Report says Jackson's ranch to be auctioned off in March

Michael Jackson's Neverland Ranch has been foreclosed and will be auctioned off next month unless the singer pays off a US$24.5 million loan, Fox News reported on its Web site Tuesday.
The U.S. network said in a report citing official documents that the sprawling 1,000 hectare ranch in Santa Barbara County would be sold at auction on March 19 unless the fallen 'King of Pop' pays US$24,525,906.61.
The auction sale would include the house as well as all personal property inside, including fixtures and appliances, furniture and "all merry go round type devices," rides and games, the report said.
Fox reported that Jackson - who has not lived in Neverland since June 2005, when he was acquitted of sexual molestation charges arising from alleged incidents involving a young at the property - may let the auction proceed.
A spokeswoman for Jackson was not immediately available for comment.
If Jackson, 49, is forced to part company with Neverland it will mark the end of an era for the eccentric pop star, who purchased the property in 1987 before setting out to transform it as a paradise for children.
Named after the fantasy island in Peter Pan, where children never grow up, the estate features a mock-Tudor mansion and at one stage boasted a fully-fledged fairground and zoo.


Updated : 2021-06-18 22:55 GMT+08:00