MICHAEL JACKSON has reportedly sold his Neverland Ranch.
The property, which Jackson has owned since 1987, was allegedly recently signed over to Sycamore Valley Ranch Company LLC. Earlier this year his brother, Jermaine, said the singer would do everything he could to keep his home, despite having over 300 million dollars of debts.
Michael, who hasn’t lived there since 2005, having moved to Bahrain, said: “It’s not for sale and it never will be. Over my dead body will it be sold”.
Michael had bought the property with intentions to turn it into a ‘paradise for children’, and had installed fairground rides and a zoo. However, authorities ordered that the property be boarded up in 2006 after it came to light that staff members had not been paid and neither had insurance payments been kept up.