The alleged pediphile owes 200m in loans, if he can’t repay them there is a chance he could lose his 50% stake in The Beatles catalogue.
The singer’s lawyers are in talks to prevent him defaulting on loans secured by his stake in the songs.
Jackson’s lawyer Brent Ayscough said he wanted Fortress Investment Group to give the singer more time to repay.
He bought the coveted publishing rights for $48m in 1985. They are now valued at $500m.
200 million in loans, Jesus Christ I’ve heard of $500 loans but 200 million? How do you even go to a bank and ask for that? I could get it but a gun would be involved.