Michael Jackson’s Neverland estate being prepared for sale

Michael Jackson’s Neverland estate is considered to be put on the market for sale, a spokesman for the company controlling the property said.

Michael Jackson's Neverland estate being prepared for sale

Michael Jackson’s Neverland estate being prepared for sale

Billionaire Tom Barrack’s Colony Capital, which currently manages the estate, was preparing to sell the famous 2,700-acre ranch, reported Forbes.

Barrack’s private firm took over the property in 2008 after buying a USD 23.5 million note on it when Jackson faced mounting debts and the real estate market was in free fall.

Michael Jackson's Neverland estate being prepared for sale by