Neverland Ranch is on the market, and if you have $100 million and time to deal with a complicated deal that still has ties to the late Michael Jackson, then Colony Capital wants it to be yours!
According to TMZ, Colony Capital bailed MJ out when he was about to lose the ranch prior to his passing, excusing the massive debt he owed on the property and taking the title. Unfortunately, this put them in the red around $70 million.
If and when the property sells, Michael’s estate would get some of the profit, which is a portion in excess of what Colony Capital invested. Check out a video of the property that they posted to YouTube below.
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