More Jacko news, this about his finances
Published February 13, 2004
Michael Jackson's people are busy denying rumours in the New York Times
yesterday that Jacko has major financial problems, and will struggle to make
a $70 million payment which is due as part of a long standing loan agreement
next Tuesday.
Denying that any major loan payments were pending with the Bank of America
or anyone else, Jacko spokesman Charles Koppelman told reporters that, while
Jackson did have debts with a number of money lenders, his financial dealings were no different to those of anyone with considerable wealth, adding that his assets far outway his debts. He did admit that significant financial transaction would be made in the next few days, but did not wish to digress any more information on that.
Koppelman again denied those rumours that the Nation of Islam had any
involvement in Jackson's financial affairs, and those reports that leading
Nation of Islam member Leonard Muhammad had become Jackson's chief adviser, explaining that Muhammad was simply a friend of Jackson who, like many other friends, did advise Jacko on certain issues.
Via: CMU
Marty's band, Growing Old Disgracefully, can be found at: Disgraceful Music. His Cthulhu tales can be found at Temple of Dagon. 
- More Jacko news, this about his finances
- Published: February 13, 2004
- Type:
- Section: Music
- Filed Under: Music: News
- Writer: Marty Dodge
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