Michael Jackson could lose Neverland ranch if fails to pay $25m

It has been reported that Michael Jackson could lose his Neverland ranch if he fails to pay nearly $25m that he owes on the sprawling California property.

It’s said that if Michael does not pay more than three months arrears on the property it will go to auction on 19 March.

Michael bought Neverland in 1987 intending to create a fantasy-land for children and it was named after an island in the story Peter Pan, where children never grow up.

According to court documents cited by Fox News, the auction is to include the house and everything on the estate including “all ferris wheels, carousels, merry-go-round type devices… and all amusement ride equipment and facilities of every kind or nature”.

Would you buy the Neverland ranch if you had the money?

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