Statement from the Michael Jackson Estate regarding the sale of Neverland:
"You will soon be reading news reports stating that Colony Capital has decided to sell Neverland. As the property manager, they have the right to do this. The Estate has issued the following statement in response to a media request for comment:
We are saddened at the prospect of the sale of Neverland which, under the agreement negotiated during Michael's lifetime, Colony has the right to sell. The Estate will maintain Michael's family home in Encino, including its iconic recording studio there. 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.
It is also important to the Estate that Michael's fans understand that although the Estate has no right to stop or obstruct the sale, The Estate did explore a number of potential options for Neverland with Colony but zoning, financial and land use restrictions limited the alternatives and ultimately Colony made the decision to sell.
The Official Online Team of The Michael Jackson Estate™"
"Last night, we sent you a message from the Estate regarding Colony Capital's decision to sell Neverland. Many of you have inquired about the Estate purchasing Neverland. As you know, the Estate does not disclose the details of its business dealings but last night’s statement to the fans (not included in the comment to press) states “the Estate did explore a number of potential options for Neverland with Colony” but for the reasons stated none of those options were feasible. This sentence was included specifically for your benefit to let you know that the Estate tried to find a way to keep the sale from happening but for a variety of reasons, it was not possible.
Zack O'Malley Greenburg broke the news in Forbes shortly after we sent you the Estate's statement: http://www.forbes.com/.../michael-jacksons-neverland-is.../. He offers some further insight you might find helpful in understanding the situation.
Like you, the Estate is sad and disappointed by Colony's decision. Michael's legacy is in his music, in his humanitarian efforts, and in his spirit. The Estate hopes that whomever the new owners may turn out to be, that they will continue to appreciate the property not only for its beauty but for its historical and cultural legacy as well.
The Official Online Team of The Michael Jackson Estate™
This is the end of a saga. You all know that Michael's former home has a special place in my heart - a fact underlined by this blog. And so, I am saddened by this of course. Still, I have to say this: Neverland has been deserted for nine years by now. At first it was slowly rotting away, but in the course of the last few years it has been beautifully restored and the truth is that I'd much rather see it become someone's home, a place once again filled with laughter and life, rather than just sitting there in the rolling hills of the Santa Ynez Valley in a kind of limbo waiting for...who knows what...
Now, I am perfectly aware that not all of you will agree with me - if any - but please keep comments cordial.
I will try to update this post to the best of my abilities when the news reports starts popping up, so stay tuned.
THE SALE IN THE NEWS:
- NEW: Step Inside Michael Jackson's Neverland Ranch, Expected To Sell For Up To $50 Million (Business Insider) (Article has nice, big photos)
- Confirmed: Michael Jackson’s Neverland Will Be Sold By Note Holder Colony Capital (Showbiz 411)
- Michael Jackson's Neverland Is About To Be Sold (Forbes)
- Jackson Neverland Ranch Being Readied for Sale by Colony (Bloomberg)
- Colony Capital Planning On Selling Neverland Ranch, Owned By The Late Michael Jackson (RadarOnline)
- Michael Jacksons Neverland Ranch soll verkauft werden (Hamburger Abendblatt, Germany)
- Michael Jackson's Neverland may hit the real estate market (CNN)
- Michael Jackson's Neverland to be Sold: What Can You Buy For $60m? (Contactmusic.com)
- Home Sweet Home: Neverland Ranch May Be Sold (NBC News - video)
- Michael Jackson Neverland Ranch expected to sell for £50m (The Guardian)