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: Hedging
MICHAEL JACKSON’S 2006 REFINANCING ASSETS: THE SONY/FORTRESS OBSTACLES
At the beginning of January 2006, while media carried on to portray Michael Jackson's apparent fluffy life, splinted between marriage invitations and shopping binge, his middle eastern advisors were actively looking for solutions to close the loop around useless meetings and related postponements that seemed very much an excuse to drive MJ to the point… Continue reading MICHAEL JACKSON’S 2006 REFINANCING ASSETS: THE SONY/FORTRESS OBSTACLES
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
MJ AND THE NEW ECONOMY
Michael Jackson, projected into the New Millennium, was no longer the man who shared the podium with the then President of the United States, Ronald Reagan. Aside from the new artistic maturity and quality of content production, he was “poorer” (poor in the broad sense, considering his privileged status) ten years later. The New Economic,… Continue reading MJ AND THE NEW ECONOMY