Last night, we sent you a message from the Estate regarding Colony Capital’s decision to sell Neverland. Many of you have inquired about the Estate purchasing Neverland. As you know, the Estate does not disclose the details of its business dealings but last night’s statement to the fans (not included in the comment to press) states “the Estate did explore a number of potential options for Neverland with Colony” but for the reasons stated none of those options were feasible. This sentence was included specifically for your benefit to let you know that the Estate tried to find a way to keep the sale from happening but for a variety of reasons, it was not possible.
Zack O’Malley Greenburg broke the news in Forbes shortly after we sent you the Estate’s statement: http://www.forbes.com/sites/zackomalleygreenburg/2014/07/31/michael-jacksons-neverland-is-about-to-be-sold/. He offers some further insight you might find helpful in understanding the situation.
Like you, the Estate is sad and disappointed by Colony’s decision. Michael’s legacy is in his music, in his humanitarian efforts, and in his spirit. The Estate hopes that whomever the new owners may turn out to be, that they will continue to appreciate the property not only for its beauty but for its historical and cultural legacy as well.
The Official Online Team of The Michael Jackson Estate™
