Jackson's primary objective, according to a source close to the singer, is to restructure the debt and avoid being forced to sell his valuable music publishing businesses, which together are worth over $650 million.
[Forbes.com]
Need I say more?
Monday, June 13, 2005
Jackson Acquitted But Money Woes Persist
Facing a debt load of about $340 million and dwindling prospects for generating new sources of income, Jackson is expected in the coming weeks to work on restructuring his finances. The debt, which was recently purchased from Bank of America (nyse: BAC - news - people ) by a hedge fund, Fortress Investment Group, comes due later this year.
Jackson's primary objective, according to a source close to the singer, is to restructure the debt and avoid being forced to sell his valuable music publishing businesses, which together are worth over $650 million.
[Forbes.com]
Need I say more?
Jackson's primary objective, according to a source close to the singer, is to restructure the debt and avoid being forced to sell his valuable music publishing businesses, which together are worth over $650 million.
[Forbes.com]
Need I say more?
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