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Michael Jackson Plotting 2008 World Tour

To pay off his debts...

  • by Scott Colothan
  • Thursday, December 13, 2007
  • Photo by: PR Photos
  • filed in: Pop
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Michael Jackson is reportedly planning a 2008 world tour to help pay off his mounting debts.

Us columnist Roger Friedman has broke the story, claiming that the King of Pop is in talks with concert promoters AEG to do a three month stint around the globe beginning in March.

Although Jackson or his people are yet to confirm the news, Friedman seems convinced, saying: “He (Michael Jackson) is so deeply in debt and at such a crisis point in his finances, that he and (publicist Raymone) Bain may be using potential proceeds from a tour as a leverage for refinancing his $325million in loans.

”The refinancing was due on December 1. Not only did it not happen, but Jackson is now in default on $300million secured on his Neverland Ranch.”
(33)
  • O think he’ll still have depts after the tour somehow

    ~ by avid reader 12/13/2007

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  • how does a man who has earnt like close to a billion dollars get in debt? i mean he has that catalogue n stuff ???

    ~ by jabjab 12/15/2007

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  • With 1 tour he will be $325 million up, EASILY!!!(Well maybe not that much but he’ll still be up) N who wudn’t pay 2 c him 1 last time on the stage doing wot he duz best. ”GO ON MJ! U OWN THE STAGE, WOOOOOOO!” Make sure u drop by london though :-)

    ~ by Jamie the No: 1 Fan of all Fans 12/20/2007

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  • Make sure Philadelphia is in the Tour!!!

    ~ by TJA 12/26/2007

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  • I’d love to see him one last time on the stage....doin what he does best and showin the world age doesn’t matter!! every1 judges him for how he looks, but its michael jackson...dnt like..dnt look...simple as LY MJ!!

    ~ by Tezza 12/27/2007

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