Jackson trial update

[Kakero]

News has it that this trial has bankrupted Michael Jackson. Amounting to 200USD I've read. Eventough he may win in the court. He is already ruined.

[johnny]

This is not really a trial, y'all know that right ?

What they are really doing is shooting Michael's new video. Thriller was quite a long videoclip, but his new song "come to papa" is going to break every record. Runtime will be somewhat 2 days.

[Cerek]

Originally posted by Kakero: News has it that this trial has bankrupted Michael Jackson. Amounting to 200USD I've read. Eventough he may win in the court. He is already ruined.

Michael Jackson is worth several hundred million dollars and may well be worth over 1 billion. This hasn't come anywhere close to ruining him financially. While it probably HAS affected the record sales he can expect in America, he is still a HUGE draw in the European countries. Any accounts of him being "ruined" by this is nothing more than a professional "sob story" circulated by his press agents.

[Kakero]

Originally posted by Cerek: quote: Originally posted by Kakero: News has it that this trial has bankrupted Michael Jackson. Amounting to 200USD I've read. Eventough he may win in the court. He is already ruined.

Michael Jackson is worth several hundred million dollars and may well be worth over 1 billion. This hasn't come anywhere close to ruining him financially. While it probably HAS affected the record sales he can expect in America, he is still a HUGE draw in the European countries. Any accounts of him being "ruined" by this is nothing more than a professional "sob story" circulated by his press agents. [/QUOTE]He still got millions? no wonder people are going after his throat. [img]graemlins/hehe.gif[/img]

[shamrock_uk]

Really Cerek? I seem to remember before this trial was a glint in the milkman's eye that he was in dire financial straits.

And I believe it's the prosecution who are using this financial information, I think Jackson was desribed as "living a billionaires lifestyle on a millionaire's income" - perhaps not the sob story it might initially appear.

[Cerek]

Originally posted by shamrock_uk: Really Cerek? I seem to remember before this trial was a glint in the milkman's eye that he was in dire financial straits. And I believe it's the prosecution who are using this financial information, I think Jackson was desribed as "living a billionaires lifestyle on a millionaire's income" - perhaps not the sob story it might initially appear.

Here is an article about Jackson having to mortgage some of his songs to pay off his debts. Jackson to Mortgage Own Songs This article also states that he is "on the precipice of bankruptcy" and lists some of the HUGE loans he has gotten over the last few years. He used his songs and the Beatle's songs he bought in 1985 as security for these loans. According to the figures in the article, the Beatle songs alone are worth $720 million and Jackson's total outstanding debts are $380 million. That's an unbelievable amount of debt for an INDIVIDUAL person, but it is still only a little over half the value of the Beatle songs.

So I don't understand exactly how he is on the precipice of bankruptcy if he has assets that exceed his debts at a 2:1 ratio. It isn't great financial planning on his part, but it seems like he DOES have the means to pay the debts.

And just to add some spice to the discussion, here is an article describing the relationship Jackson had with his current accuser and the boy's family. The mother (especially) probably isn't a saint. In fact, she sounds like a world-class gold digger. The article is fairly even in their treatment of both sides.

Relationship benefitted Jackson and accuser

[Morgeruat]

might this be the link you meant

[pritchke]

Guard says he saw Jackson molest boy

http://jam.canoe.ca/Music/2005/04/07/986649-ap.html

What is wrong with this picture? Besides Jackson that is.

The guard isn't much better and should be strung up as well. What kind of man witnesses such behavior and allows it to continue even if it was an employer? As far as I am concered after this trial is over and Jackson is found guilty they should charge the guard as well.

Even if it is aiding and abetting.

[ 04-07-2005, 03:05 PM: Message edited by: pritchke ]