mxdpi Forum : Michael Staves Off Bankruptcy

Forum Navigation FAQSearch Profile Log inRegister
Log in to check your private messages Log in to check your private messages

Michael Staves Off Bankruptcy

 
Post new topic   Reply to topic    It's you!You are here: mxdpi Forum Index > Celebrities
View previous topic :: View next topic  
Author Message
chandu



Joined: 17 Oct 2005
Posts: 814

PostPosted: Fri Apr 14, 2006 9:25 am    Post subject: Michael Staves Off Bankruptcy Reply with quote

Pop superstar Michael Jackson has manoeuvred himself out of bankruptcy by refinancing hundreds of millions of dollars in loans.

The Thriller hitmaker has also negotiated a deal with record giant Sony Corp to hand over shares in his treasured The Beatles back catalogue, the New York Times reports.

According to the publication, Sony could receive as much as 50 per cent of his interests. The deal would bring his stake in the catalogue down to just 25 per cent, as Sony already own half of the catalogue.

Jackson has been plagued by financial problems after his prolonged child molestation trial last summer (05). He is speculated to be GBP150 million in debt, and was forced to shut down the house on his Neverland Ranch in a desperate bid to save cash.
Back to top
View user's profile Send private message Yahoo Messenger
Display posts from previous:   
Post new topic   Reply to topic    It's you!You are here: mxdpi Forum Index > Celebrities All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
Visit the main page