Michael Jackson's Neverland ranch is up for sale

Make your childhood dreams/nightmares come true.

Got a spare $50 million kicking about? Do what Jacko would’ve done and divest yourself of your fortune by splurging on a nearly 3,000 acres of kitsch tat.

Neverland, where Michael Jackson once lived with Bubbles the chimpanzee (RIP), fairground rides, a private railway and a candy shop, is on the market and expected to fetch up to $50 million, if a buyer can be found. 

The ranch, which has been deserted for years, is owned by a private investment firm which bought it in 2008 for $23.5 million. A representative from Colony Capital said his company had been “custodians of an irreplaceable estate”, adding: “[We] are proud to say we’ve restored it to the original elegance Michael first envisioned. We are now considering putting it up for sale.”

The Jackson family said they were “saddened” at the prospect of the sale, stating: “We hope and trust that any new owners of Neverland will respect the historical importance and special nature of this wonderful property. Michael’s memory lives on in the hearts of his fans worldwide.”

MJ moved out of the ranch in 2005 after being acquitted of molestation charges, and transferred it to Colony Capital in a complex deal as part of an attempt to ward off his astronomical debts.

Michael Jackson’s hologram performed at this year’s Billboard Awards, providing another boost for his estate, which has pulled in more than $750 million in the five years since his death. [via Telegraph]

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