Jackson staves off Neverland auction

Jackson staves off Neverland auction

associated press

Michael Jackson has refinanced Neverland ranch in time to save his famed California spread from a public auction that was scheduled for later this month.

Jackson attorney L. Londell McMillan told The Associated Press on Thursday that the pop star has worked out a “confidential” agreement with Fortress Investment Group, LLC. The deal allows him to retain ownership of the famed property in Los Olivos, Calif.

“Neverland and MJ are fine,” McMillan said.