Firstly, I apologize if there is already a topic on this...
LaToya spoke last night that PPB do not own Neverland.
I could have sworn that Michael signed a deal where he went into partnership with real estate tycoon Thomas Barrack's Colony Capital. The partnership formed the company Sycamore Valley Inc or something like that where they both owned 50/50 of the ranch?
Has any of that changed since Michael died? Michael's portion would now become part of the Estate, correct?
So why does LaToya say that the kids no longer own Neverland?
They don't own it outright, but they are the beneficiaries of the Estate of Michael Jackson, so they in fact do own their half.
If anyone knows of any articles that shows where Michael and Barrack signed the agreement, can you share the link? I have some friends that think LaToya was right.
LaToya spoke last night that PPB do not own Neverland.
I could have sworn that Michael signed a deal where he went into partnership with real estate tycoon Thomas Barrack's Colony Capital. The partnership formed the company Sycamore Valley Inc or something like that where they both owned 50/50 of the ranch?
Has any of that changed since Michael died? Michael's portion would now become part of the Estate, correct?
So why does LaToya say that the kids no longer own Neverland?
They don't own it outright, but they are the beneficiaries of the Estate of Michael Jackson, so they in fact do own their half.
If anyone knows of any articles that shows where Michael and Barrack signed the agreement, can you share the link? I have some friends that think LaToya was right.