Message From The Estate Of Michael Jackson Regarding Sale Of Neverland

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Over the past week, the Estate has received inquiries from members of the fan community about the sale of Neverland. It has also been brought to the Estate’s attention that there are members of the fan community who intend to boycott future products until Neverland is in the possession of Michael’s children with the hope that this action will persuade the Executors to do something that they are powerless to do. As has been said in previous statements from the Estate, both to the media and to the fan community, the Estate is very disappointed over the decision by Colony Capital to sell Neverland. Unfortunately, that does not change the reality that it the Estate is not in a position to stop the sale of the property. As was also stated in a previous statement that we shared with you last July, under the terms of the agreement that Michael himself signed with Colony Capital, Colony has the right to sell. The statement continued:

UNFORTUNATELY, THE ESTATE HAS NO LEGAL STANDING IN THIS DECISION. The Estate will maintain Michael’s family home in Encino, including its iconic recording studio. We continue to build upon Michael’s legacy as an artistic genius and humanitarian through his music and new projects such as the Michael Jackson ONE show in Las Vegas.  We hope and trust that any new owners of Neverland will respect the historical importance and special nature of this wonderful property.  Michael’s memory lives on in the hearts of his fans worldwide.

No matter how many requests or notices of boycott the Estate receives, it cannot prevent the sale of Neverland, nor would it be fiscally responsible for the Estate to spend Michael’s children’s money on purchasing the property again.

The Estate is very saddened by the thought of the sale and hope that the fan community can understand and appreciate that the Executors worked with Colony to try to find an alternative to the sale of the property but were unsuccessful in doing so and Colony ultimately determined that it needed to proceed with the sale – something that they have the legal right to do.

MJOnline The Official Online Team of The Michael Jackson Estate™

7 thoughts on “Message From The Estate Of Michael Jackson Regarding Sale Of Neverland

  1. I understand that because of the locale, Neverland Valley Ranch couldn’t be another money-maker similar to Graceland. Personally, I think that’s why the Estate, i.e. John Branca and John McCain, didn’t show any interest in paying its share of the mortgage payments and upkeep of the property. It was just too expensive to try to maintain the ranch if there was no money to be made except by selling it. Of course, even when it’s sold, the MJ Estate has already lost much of its equity in the property by failing pay its share of the expense of maintaining the property. I wonder how much will Michael’s children and mother realize as profit from the sale…sadly, not much would be my guess.

  2. It seems that the only hope left is for the right person to step foward to make the purchase–someone with a good heart and the right intent to preserve Michael’s legacy and the memory of what he intended to create at Neverland. It could happen.

  3. Reblogged this on MJAppleHeadILoveYou's Blog and commented:
    I’m never going to be okay with this, but I have to find contentment in the reality the decision made. However, Michael and his legacy will never fade from our hearts…I just pray that the meaning of Neverland is kept in it’s purest form when Michael first created it. That’s all we want and ask that remains!!

  4. This makes me sadder than I have words to express. Neverland was Michael’s heart and is the fans’ Mecca to feel close to him. Sadly, as Ivy pointed out in recent tweets Michael DID sign the agreement for CC to restore and sell it. I don’t doubt that the Estate tried to reach a settlement with them but I’m sure CC had this big ticket price in mind from the beginning and wasn’t about to yield. Another tragic example of Tohme’s handiwork.

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