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There was a news that shock the public because Michael Jackson has transferred the deed to his fabled Neverland ranch to a company that he reportedly has a controlling interest in.
According to the papers filed at the Santa Barbara County clerk-recorder's office, the new owner of Neverland is Sycamore Valley Ranch Co. LLC, which the Associated Press reports is a joint venture between Jackson and an affiliate of Colony Capital LLC.
The fate of Jackson's 2,500-acre property in Santa Barbara, CA -- complete with estate, amusement park and zoo -- is not known. Facing foreclosure and financial woes, Jackson has not lived there since his arrest in 2003 and subsequent trial on child molestation charges, of which he was acquitted. Good Luck Pal!
According to the papers filed at the Santa Barbara County clerk-recorder's office, the new owner of Neverland is Sycamore Valley Ranch Co. LLC, which the Associated Press reports is a joint venture between Jackson and an affiliate of Colony Capital LLC.
The fate of Jackson's 2,500-acre property in Santa Barbara, CA -- complete with estate, amusement park and zoo -- is not known. Facing foreclosure and financial woes, Jackson has not lived there since his arrest in 2003 and subsequent trial on child molestation charges, of which he was acquitted. Good Luck Pal!
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