{"id":141154,"date":"2020-12-24T20:55:44","date_gmt":"2020-12-24T17:55:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/michael-jacksons-neverland-ranch-sells-for-22m\/"},"modified":"2020-12-24T20:55:44","modified_gmt":"2020-12-24T17:55:44","slug":"michael-jacksons-neverland-ranch-sells-for-22m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/michael-jacksons-neverland-ranch-sells-for-22m\/","title":{"rendered":"#Michael Jackson’s Neverland Ranch sells for $22M"},"content":{"rendered":"

“#Michael Jackson’s Neverland Ranch sells for $22M<\/strong>”<\/p>\n

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Never say never. Michael Jackson\u2019s troubled Neverland Ranch has found a new owner.<\/p>\n

Billionaire Ron Burkle, co-founder of investment firm Yucaipa Companies and a former associate of Jackson, has purchased the Los Olivos, Calif., property for $22 million, the Wall Street Journal reports<\/a>.<\/p>\n

Beyond snagging himself roughly 2,700 acres and a nearly 12,000-square-foot mansion \u2014 among the many structures on the estate \u2014 Burkle also got a deal. The estate first hit the market<\/a> in 2015 for a whopping $100 million.<\/p>\n

From that point forward, the spread languished on the market. In 2017, it returned for sale asking $67 million following a massive $33 million price cut. In 2019, it was listed for $31 million, the Journal added.<\/p>\n

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Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n

Beyond the property\u2019s sprawling scale, it is also jam-packed with amenities \u2014 such as a 50-seat movie theater, a basketball court and several guesthouses \u2014 which have long been the subject of dark stories.<\/p>\n

In 2016, a report emerged<\/a> claiming that Jackson kept a trip<\/a>le-locked closet in a guesthouse filled with photos of naked boys and children\u2019s toys. More recently, the 2019 documentary \u201cLeaving Neverland\u201d focused on the stories of two men, Wade Robson and James Safechuck, who alleged that Jackson sexually abused them as children at Neverland Ranch, as well as other locations.<\/p>\n

Jackson, who died at age 50 in 2009 from an acute drug overdose, stopped visiting Neverland following his 2005 acquittal on child molestation charges. While for sale, Neverland was renamed Sycamore Valley Ranch in an app<\/a>arent effort to rid the property of its disturbing legacy. Jackson bought it for some $19.5 million in 1987, and famously gave it \u201cPeter Pan\u201d fantasy touches by adding an amusement park, which has since been removed. <\/p>\n

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Ron Burkle<\/figcaption>
Eugene Gologursky<\/span><\/figcaption><\/figure>\n<\/div>\n

Jackson\u2019s estate then co-owned Neverland with a fund managed by real estate investment trust Colony Capital. According to the Journal, Jackson defaulted on a loan backed by the ranch and Colony bought the note in 2008, which put the title into a joint venture. Burkle was an adviser to Jackson on business matters in the mid-2000s, the Journal added, at a time when Jackson sought to prevent financial downfall due in part to his lavish lifestyle.<\/p>\n

The property is located 30 minutes from downtown Santa Barbara and holds 22 structures in total, including a three-bedroom guesthouse with a fireplace.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Michael Jackson’s Neverland Ranch sells for $22M” Never say never. Michael Jackson\u2019s troubled Neverland Ranch has found a new owner. Billionaire Ron Burkle, co-founder of investment firm Yucaipa Companies and a former associate of Jackson, has purchased the Los Olivos, Calif., property for $22 million, the Wall Street Journal reports. Beyond snagging himself roughly 2,700…<\/p>\n","protected":false},"author":1,"featured_media":141155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/12\/neverland-ranch-04.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[87636,13096,76659,41127,87726],"class_list":["post-141154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-24-20","tag-california","tag-luxury-real-estate","tag-michael-jackson","tag-neverland-ranch"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/141154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=141154"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/141154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/141155"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=141154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=141154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=141154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}