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Michael Jackson is to lose his eccentric American property, The Neverland Ranch, unless he can raise $25 million in the next three weeks.
The onetime King of Pop will see the property, a child’s wonderland complete with carnival rides and a mock Tudor mansion, auctioned on March 19 after Financial Title Co. filed a trustee’s sale notice with Santa Barbara County Superior Court.
The ranch, named after the island in the JM Barrie novel Peter Pan where children never grow up, will be auctioned on March 19, according to Julie Wagner, a manager at the San Francisco-based Financial Title Co.
Court documents warn Jackson, 49, that he has until the date of the auction to take action to maintain ownership of the unusual estate, situated in Los Olivos, north-west of Santa Barbara.
If the property does go to auction, the initial asking price is expected to be higher than the £25 million (£12 million) Jackson owes because of interest and other costs.
Everything would be up for sale, from the estate's merry-go-round, locomotives and sculptures, to the curtains and bath tubs.
The reclusive star hasn’t lived at Neverland since 2005 when he was tried and acquitted on child molestation charges. In 2006, authorities ordered the sprawling estate to be boarded up, after the singer failed to pay his staff or to maintain adequate insurance.
Jackson bought the property in 1987, the same year his hit record Bad was released, and set about turning it into a child’s fantasy playground. At one point, the estate housed a zoo, complete with giraffe, lion and alpacas.
At his trial, defence lawyers famously described Neverland as a child’s fantasy-land where underprivileged children spent time playing while Jackson, known on the ranch as The Silver Fox, sat atop a tree thinking.
The foreclosure comes as Jackson attempts to relaunch his stalled music career. Last month, the singer released his first new song in seven years in the form of a remixed version of his hit single The Girl Is Mine. Originally a duet with Sir Paul McCartney, the song has been re-released as a collaboration with Black Eyed Peas musician Will.i.am.
He has also put out an album, Thriller 25, to mark the 25th anniversary of his record-breaking release. Now at No. 6 on the UK album chart, Jackson's comeback is proving much more of a success than his last attempt. In November 2006, Jackson was booked to perform at the World Music Awards, his first appearance since his child molestation trial, but he managed only a few faltering notes.

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Perhaps Gary Glitter could lend him a few quid?
cliff , Berks,
I am constantly amazed at how much money a single human being can squander.
Dean, Atlanta, USA / GA
Maybe he should raise some money by selling the rights to the Beatles music back to the rightful owner Paul McCartney. With a twist of luck and irony, I hope it then gets bulldozed anyway.
Colette , Exmouth, UK
Michael Jackson will have no problem paying the alleged £12.5 million for Neverland. Outside being a pop star, MJ is a music publisher and still earns millions each year. He still co-owns 50% of Sony/ATV which owns The Beatles songs etc, plus he owns 100% of MiJac Music which owns his own songs plus those of Sly & The Family Stone and many other.
As for Nick Parker's comments about Michael Jackson's questionable attitude towards child, is based on nothing more than the media bigoted view of Michael Jackson. It is a fact that during MJ's trial everything was proven to show he is not a child abuser, and that the so called victim and his family were after money and nothing else.
It appears that the media wish to write Michael Jackson out of music history. But that will never happen, because MJ is a genius and one of the most influential artists of all time. In fact the music world is missing the presence of Michael Jackson which is why it's so dull.
Ben S, London, UK
Could we not organize a collection? Some of us might even be willing to sell our houses. Every little helps.
RobertH, Birmingham,
I'm with Jerome!! This is a media conspiracy! Why else would anyone think that Michael Jackson is a washed-up loon? There is no evidence to support....oh wait.
Gabriel Casey, Belfast,
To some people, Jackson is a harnless curiosity, an eccentric, to others, his attitude to children and the way that witnesses went suspiciously to earth at the time of his trial was little less than sinister. I suspect that if anyone remembers the name of Michael Jackson in 25 years time - and that seems doubtful- it will be more for his spectacular fall from grace and his questionable attitude to children than for his musical performance.
Nick Parker, London, England
Michael Jackson is still the king of pop and will forever remain the king he'll be back its not over yet
Ben, London, England
There's no denying that he's a talented performer, but this guy is a seriously messed up individual. He's not alone in that respect by any means, but he stands out as if he's from another world entirely....he was totally creepy long before the allogations came about. He was totally creepy back when the whole nation was going ga ga over him. It was like everyone was under hypnosis. However, we are all products of our life experiences. He no doubt has had some bad ones, both outside of and within his control. I find it difficult to believe he will ever come close to his prior success, especially while he continues to maintain the same old tired personna. It would be nice to see him shed all the fluff and get real. True talent doesn't require hype to shine through.
Mary, Texas, USA
Our King Will Return, don't you worry. It's not over yet.
I love you Michael.
Vicki Luciano, Bridgewater, USA, New Jersey
Michael Jackson is no longer a musician. He is hardly even an entertainer. The only reason we're still talking about him is because of some freak-show obsession society has to watch the lives of its stars come crashing down. It's the same reson people slow down at accidents - because people like to observe the suffering of others from a distance. We have a vicarious nature to enjoy the humiliation and disintergration of famous people with problems. Think Britney Spears! The only news articles we ever read regarding Jackson or Spears are about their problems and misfortunes. Consider this article: we don't hear about Jackson for months and months and then BLAM!, an article about Jackon losing Neverland (with a brief mention in the last paragraph about his music releases.) I rest my case!
Andrew Nyazai, Godalming, UK
Very sad! The long-dwindling fantasy of Michael Jackson that many of us bought into in the 1980s will undoubtedly be over should Neverland be sold.
Michael - wake up!
Ben Wilson, London,
It's interesting how Jackson is often considered washed up, done, or out of touch with reality by media figure. No matter what his current status as a singer and performer is today, his accomplishments will never be attained by any star today. Also, his name will be forever engraved in history, unlike those who report his issues with a condenscending tone.
Jerome Waters, Detroit, Michigan
Is this really important?
Jerome Waters, Detroit, Michigan
Michael Jackson is perfectly capable of raising $25 million to pay for this. He received a similar amount when he refinanced his debts with HSBC last year. A brief concert run (like the current offer for 10 concerts at the 02); a phone call to a wealthy friend; or a new album deal would cover it. Whether he will cover it is another matter. The place holds bad memories for him and he clearly doesn't care for it any more.
I wouldn't be surprised if there was a last minute resolution to this. But then with Michael Jackson, who knows?
Mark C, London, UK
does it mean that he can not afford that amount in a day.or hes just taring to rise fiem
damilola, bauchi, nigeria
Surely you jest.
How did, by any degree of even the most obsessive of Jackson devotees' imagination, a re-issue of Thriller constitute a comeback?
Jackson was His-story. History.
He was out of touch, out of it, yet to show any sign that he could produce anything new.
When did he last do so?
His last two albums sadly exposed his decline.
This poor guy had been thrust into stardom before his teens; no wonder he was burnt out.
Let him decline in peace.
Please, world.
Harlan Leyside, Basildon, England