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This topic was originally posted in this forum: Tires, Rims Discusssion
Author Topic:   Michael Jackson broke?
YellowFever
unregistered

Posts: 431
From: South T E X A S , U . S . A .
Registered: JUL 2000

posted 02-12-2004 02:11 PM           
Rueters is reporting that MJ doesn't have the money to repay a $70 million dollar loan that is due on Tuesday.
(And I thought getting my home loan was scarey)

But then the article goes on to say:
"Jackson's most valuable asset is the Beatles catalogue he owns jointly with Sony Music Entertainment as part of the ATV Music Publishing catalogue, with an estimated value of up to 900 million dollars."

Most valuable (as in he has LOTS) of assets.

Here's a free tip MJ, sell the catalogue for $900 million, pay off the $70 million, pocket the $830 million, and call it a day.

I wish I was this broke.....



DR PROWLER
Prowler Junkie

Posts: 4079
From: TORONTO,ONTARIO,CANADA
Registered: JUL 2002

posted 02-12-2004 03:01 PM     Click Here to See the Profile for DR PROWLER     
If there is one that blows me away,it is Mike Tyson.
Makes over 300 million in boxing and is now left with under $5000 in his account.
And that's what I call smart investing!

Bob Miller
Prowler Junkie

Posts: 4576
From: Alexandria, Virginian USA
Registered: OCT 2003

posted 02-12-2004 03:23 PM     Click Here to See the Profile for Bob Miller     
He's been hit in the head too many time...


BeWare
Prowler Junkie

Posts: 18511
From: Acworth,GA,USA
Registered: JUL 2000

posted 02-12-2004 03:37 PM     Click Here to See the Profile for BeWare     
I think the loan coming due is on the Beatles catalog. If he doesn't pay they are going to repo it. At least that is what I heard.
I also heard today that Mike Tyson is filing bankruptcy. He only has $5,000 and change liquid assets. Last Dec he earned something like $5 and spent $20,000.

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