Financier Banks On Michael Jackson

 

 

Michael Jackson has long been a hot commodity to the public, but the banks and investors have left him far behind as a bad asset or poor investment.  His “camp” and personal life have long been riddled with controversy and financial impropriety.  But, now, that he prepares for a 50-show run in London, it is evident that someone has banked heavily on the embattled questionable king of pop.

The financier, Tom Barrack, a billionaire known in the real estate sector would’ve never guessed he would find his way into the music world running to the rescue of what was and what may be again America’s biggest pop star, Michael Jackson.  The billionaire opened his purse strings and struck a deal with Jackson to save the Neverland Ranch and possibly bring him out of approximately $400 million dollars in debt.

But more than that, he has proposed this series of concerts and is attempting to pull them off amidst problems that have occurred already with 3 shows being cancelled and pushed to 2010.  But something keeps Barrack campaigning for Jackson and until the concerts are complete and the dust has settled from the last show we will not have a clear view of what it is.  Is he trying to get his hands on the coveted Beatles catalog that the singer owns with Sony?  Is he trying to get on the money train that he is confident he can make Jackson become again?  Read here and see what the billionaire businessman has to contend with.  You will raise an eyebrow.

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