Jackos financial crisis may force him to rock the stageNovember 10th, 2008 - 3:09 pm ICT by ANI
Washington, Nov 10 (ANI): Michael Jackson, who is no mood to perform, may see himself rocking the stage, as hes still in financial trouble.
Apparently, the singer has been offered a 10 million dollar guarantee for 20 shows by AEG and recently the guarantee has been upped to 30 shows.
This deal was offered to Jackson last spring when he was on the verge of losing his Neverland ranch to default.
However, Colony Capital LLC of California came along and bought Jacksons debt from Fortress Investments of New York.
Dr. Tomhe Jacksons latest confidante is urging him to do the Thriller shows to show good faith to his investors, as Jackson is living pretty modestly.
Hes in a 10,000 dollars a month property in Las Vegas, he still needs cash badly. This is his way out, Fox News quoted a source, as saying. (ANI)
Tags: 10 million, aeg, capital llc, confidante, dollar guarantee, financial crisis, financial trouble, fortress investments, fox news, good faith, hes, investors, jacksons, las vegas, last spring, michael jackson, neverland ranch, thriller, verge