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Neverland May Be Jacko's Ticket to Vegas

Posted Nov 12th 2008 11:29AM by TMZ Staff

Michael Jackson doesn't own Neverland Ranch anymore, kinda sorta.

According to official documents, the title to Neverland was transferred Monday to a company called Sycamore Valley Ranch Company LLC. Now here's where the plot thickens.

Sycamore is a joint venture between Michael Jackson and a division of a company called Colony Capital. Colony Capital owns the Las Vegas Hilton, the Red Rock Country Club, and other Las Vegas properties.

TMZ published several stories earlier this year, in which we said Colony Capital bailed Jacko out by buying his $23.5 million Neverland mortgage.

The man behind Colony Capital, Thomas Barrack, Jr. is a Vegas mover and shaker, and there's a buzz in Vegas that Jackson could end up performing at the Hilton and living in the Red Rock Country Club. In fact, we reported this earlier in the year.

So now, Neverland is owned by both Jackson and Barrack's company. Will Jacko perform at Barrack's hotel? Stay tuned.

BTW, we were told the property will NOT BE CALLED NEVERLAND ANYMORE. It will be renamed the Sycamore Valley Ranch, in an attempt to erase those pesky child molestation rumors, even though Jackson was criminally acquitted.

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1. GOOD FOR MICHAEL!!! I always thought he should just do away with that ranch. It's time to move on...

Hope to see him perform very soon.

Posted at 11:41AM on Nov 12th 2008 by Yay

2. # 1 if you have any young kids o offer, MJ I'm sure for do a concert for free at your house...........He needs to be in jail !!

Posted at 12:53PM on Nov 12th 2008 by walt

3. ~ One child grows up to be ..someone who just loves to learn and uhhh?....another child grows up to be ...somebody who just loves to burn ....mamma loves the both of them ...they say its in the blood~

Posted at 11:55AM on Nov 12th 2008 by RAY

4. Valley Ranch Company LLC - LLC = offshore, Neverland ranch will not be Valley Ranch for long. This is going to be a short sell.

Posted at 11:56AM on Nov 12th 2008 by pie

5. This isn't a stretch Sycamore Valley Ranch IS the original name of the ranch.
When MJ bought it that's what it was called.

I don't think he sold it, I think this is another one of his companies. Remember
he closed the famous MJJ Productions.

He's been seen everywhere lately and this is probably a new company he created
for business purposes only.
I mean why not throw the home in there for monetary purposes.

Posted at 12:19PM on Nov 12th 2008 by friend

6. Sycamore Valley Ranch was the original name of Neverland prior to Jacko buying it, so this is nothing new.

Secondly, to all the people still jumping on the pedophile bandwagon, you do realize that both of his accusers had parents who sued for false claims in the past, right? The boy in 1993's father was a wealthy Beverly Hills dentist who sued his patients falsely numerous times to extort money from them, and the last accuser's mother sued JC penny for over $100,000 saying the security guards there sexually attacked her. Jay Leno even called the police on her when she tried to extort money from him. Just a thought.

Posted at 12:59PM on Nov 12th 2008 by Zoe

7. Sooo, if your parents are extortionists or regularly sue other people, its OK for Michael Jackson to molest them?? One has nothing to do with the other.

Posted at 1:04PM on Nov 12th 2008 by LB

8. Well, the guy that sold Jacko the Neverland Ranch in the first place is the same guy that built Red Rock Country Club.

That was Bill Bone of Sunrise Colony Company. So I would assume Colony Capital is the same investors. Seems to be they're just buying it back.

Posted at 1:22PM on Nov 12th 2008 by Dan

9. They should call it : NeverMind Ranch ! get it ? lol

Posted at 1:40PM on Nov 12th 2008 by Not thrilled

10. LLC is a form of business in THE UNITED STATES. It means Limited Liability Company, and has nothing to do with offshore, pie.

Posted at 1:41PM on Nov 12th 2008 by Captain Mikey

11. Post #7.

Where's the proof that he molested anyone? He wasn't convicted of anything.

Posted at 1:49PM on Nov 12th 2008 by James

12. No its not ok for Jacko to molest them, but it does show a pattern of irresponsibility & fraud on the part of the parents. The parents have lost all credibility when it comes to filing claims. Their lack of judgment coupled with the acquittal is grounds enough to clear Jacko. In the Court of Public Opinion, its easier to blame the celebrity than the common man when the celebrity is not an A-list star.

Posted at 1:59PM on Nov 12th 2008 by RS

13. jackson suffers from extreme stage fear, no wonder after all he went through. i don't think he will perform in a show though i would wish it for him. hopefully he will finish his album.

Posted at 4:06PM on Nov 12th 2008 by me

14. JACKO BETTER BE LEAVE THAT NIGHTMARE LAND SO THOSE GOLD - DIGGERS CAN NOT USE THE PLACE TO BLACKMAIL HIM AGAIN , POOR JACKO .

Posted at 7:14PM on Nov 12th 2008 by FANS OF TMZ

15. This saddens me deeply, I was so hoping he would turn it into a place for sick kids. That place so great once. IT can be once more.

Posted at 1:11AM on Nov 13th 2008 by hartrose

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