In December 2007, Michael Jackson, with the help of attorney Londell McMillan, representing him in the last fraud attempt filed by Transitional Investors LLC, finally found a way to end the relationship with the Fortress Investment. Barclays Bank refinanced the $300 million loan against Sony/ATV from Fortress. In addition, all media report that HSBC lent… Continue reading MICHAEL JACKSON’S BILLION-DOLLAR COMEBACK THAT NEVER HAPPENED: THE PLAYERS’ PACK
Tag: Corporate loans
MICHAEL JACKSON’S 2006 REFINANCING ASSETS: GIVE US ALL YOU OWN
This blog is a continuation of MJ 2006 refinancing assets: the Sony- Fortress-obstacles. I want to highlight that the clause Citigroup imposed on Sony clearly must have come following the examination in detail of Michael Jackson's Bank of America accounts statements, which had highlighted payments shortcomings of royalties and revenues of MJ 50% partnership Sony… Continue reading MICHAEL JACKSON’S 2006 REFINANCING ASSETS: GIVE US ALL YOU OWN
MICHAEL JACKSON MIGHT HAVE WANTED TO SELL SONY/ATV. BUT NOT TO SONY
On May 25, 2005, Michael went to court, along with his parents, to listen to Chris Tucker's cross-examination. Meanwhile, the two trusts created by Fortress for the specific acquisition of Bank Of America was processing plenty of documents. MJ's loans with Bank of America were an investment deal at ten years, both expiring in December… Continue reading MICHAEL JACKSON MIGHT HAVE WANTED TO SELL SONY/ATV. BUT NOT TO SONY
WELCOME TO THE ENTERTAINMENT WORLD: CROOKS, CHARLATANS, IMPOSTORS
"Word of mouth is the best publicity. Nothing beats it". And considering the countless passages of Michael Jackson's financial papers in so many hands and in such a short time, I feel having to start beginning the story in a fairy tale fashion. 'Once upon a time' Prescient, together with Perfect Circle, contacted Copper Beech… Continue reading WELCOME TO THE ENTERTAINMENT WORLD: CROOKS, CHARLATANS, IMPOSTORS
MICHAEL JACKSON: NOT TO TRUST EVERYBODY IN THE RECORD INDUSTRY
The 2002 scenario marked the public back and forth of the war and the problems between MJ, Sony, and CEO Tommy Mottola. MJ words on Mottola speak alone. There is no need to comment any further, primarily because it must not be forgotten that Mr. Mottola was a hired man at the end of… Continue reading MICHAEL JACKSON: NOT TO TRUST EVERYBODY IN THE RECORD INDUSTRY