Thursday, December 13, 2007

MICHAEL JACKSON IN TALKS TO DO TOUR

Jesus Juice creator Michael Jackson is in talks to go on on a three-month tour to pay off his all the money he owes.Jackson is rumored to be negotiating with promoters AEG Live to organize three months’ worth of live dates from March to May next year, with proceeds going towards repaying his $325 million debt, according to U.S. columnist Roger Friedman.Friedman writes, "He (Jackson) is so deeply in debt and at such a crisis point in his finances that he and publicist Raymone Bain may be using potential proceeds from a tour as leverage for refinancing his $325 million in loans."The refinancing was due on December 1, 1907. Not only did it not happen, but Jackson is now in default on $300 million secured by his Neverland Ranch."

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