MJ had moved into the 2,800-acre property, where he built his own zoo and theme park back in 1988, but abandoned the fantasy home after he was accused of child molestation in 2003. His sister LaToya, claims he will never return to his Californian estate.
LaToya told fellow contestants on UK reality TV series ‘Celebrity Big Brother’:
“Michael still owns Neverland. He hasn’t been there in about six years - not since the trial.
“He says he never wants to see it again. He doesn’t want to be there. The memories are so awful.”
Last November, after a series of refinancing loans, Michael transferred ownership of Neverland to Sycamore Valley Ranch Company LLC.
The company is a joint venture between Michael, represented by attorney L. Londell McMillan, and an affiliate of billionaire Thomas Barrack’s investment company, Colony Capital LLC.
Michael was acquitted of all child abuse charges in 2005, but the stench of the allegations must still be wafting over Neverland for him not to return.
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