News »
Gigwise RSS Feeds Bookmark and Share

Michael Jackson Faces Financial Ruin

He owes a whopping £152million...

Share

JackoMichael Jackson may be officially declared broke tomorrow.

The troubled King of Pop’s financial ruin will be confirmed when it’s announced he has evaded to pay a whopping £152million loan.

The pasty-faced pop star is apparently turning a blind eye to the financial downfall.

Jacko owes the money to the Fortress Investment Group who could take possession of his music publishing company in the event of him being declared skint.

In fact matters are so bad, that as the Daily Star reports, keepers at his Neverland Ranch say they have not been paid and that some of his animals face starvation.

A US columnist Roger Friedman was quoted as saying: "Jackson has known for a long time that this day was coming.

“He’s been warned about it by his closest advisors and family members.”

You’ll have to take up busking Jacko!

 characters left [+]  


Register now and have your comments approved automatically!

  • RT @Gigwise: Lady Gaga To Perform For The Queen In London: At the Royal Variety Performance... http://bit.ly/5gj2VO *can you imagine it?+
    mistadee on Sat Nov 21 21:07:21 via Tweetie
  • RT @Gigwise: Lady Gaga To Perform For The Queen In London: At this year's Royal Variety Performance... http://bit.ly/5gj2VO
    evatography on Sat Nov 21 17:02:38 via UberTwitter
  • MOTHERFUCKING YES!!! RT @Gigwise: Daft Punk 'To Play London and Manchester Shows In 2010': It's reported... http://bit.ly/CQsc8
    christog on Fri Nov 20 22:47:41 via TweetDeck
  • RT @Gigwise: Gibson Guitars Raided Over Alleged Use Of Rare Madagascan Timber: Their Tennessee HQ is stormed... http://tinyurl.com/y96zc2s
    SheyMcfez on Fri Nov 20 17:14:17 via Gravity
  • RT @Gigwise Gibson Guitars Raided Over Alleged Use Of Rare Madagascan Timber: Their TN HQ is stormed http://tinyurl.com/y96zc2s < Not good
    alternageekorg on Fri Nov 20 17:12:50 via web
Artist A-Z   # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z