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The agreement, which took effect in early 2008, called for Colony to manage Neverland as a sort of joint venture with Jackson. For every dollar the company invested in the property, its equity would increase. This meant that while Jackson—and, later, his estat—retained a stake in the property, it decreased on paper as time went on.
“Sadly, Michael lost control of Neverland during his life as a result of advice from a former manager.”
He might be buying it back himself.
From this line, seems the Estate is placing the blame on Thome.Quote“Sadly, Michael lost control of Neverland during his life as a result of advice from a former manager.”