USA - Michael Jackson apparently has gotten his money.
On Thursday, he began paying off millions of dollars in debts, thanks to settlements and lost legal cases.
The payoffs could amount to at least $20 million, by some accounts.
That’s good news for the creditors, but bad for Jackson. In this latest refinancing of a $300 million loan secured by his interest in Sony/ATV Music Publishing, Jackson may only have received about $25 million in fresh cash. Full Story - Discount Magazine Subscriptions - Discount Cigarettes & Tobacco - Nutty Nutty News Advertising
On Thursday, he began paying off millions of dollars in debts, thanks to settlements and lost legal cases.
The payoffs could amount to at least $20 million, by some accounts.
That’s good news for the creditors, but bad for Jackson. In this latest refinancing of a $300 million loan secured by his interest in Sony/ATV Music Publishing, Jackson may only have received about $25 million in fresh cash. Full Story - Discount Magazine Subscriptions - Discount Cigarettes & Tobacco - Nutty Nutty News Advertising
