Ich denke, es wird zum Weinanbau oder sowas genutzt. Ist ja normal in der Gegend.
Oh das wäre ja noch schön, ein Edles Tröpfchen aus Neverland, das geht bestimmt weg wie nichts, das ist die Geschäftsidee. ![]()
Ich denke, es wird zum Weinanbau oder sowas genutzt. Ist ja normal in der Gegend.
Oh das wäre ja noch schön, ein Edles Tröpfchen aus Neverland, das geht bestimmt weg wie nichts, das ist die Geschäftsidee. ![]()
ZitatIt makes sense now! I posted this earlier about UCC Termination and Agreements:
When Michael paid back the loan for the ranch to Sycamore Ranch Company LLC, the lender (Colony/Sycamore) filed a release and the property became free and clear. Thus the filing of the UCC Termination by Sycamore. No more leans, no more creditors. The property is debt free.
Michael owns an interest in the property, which could easily mean mineral/land rights to a portion of the acreage. But make no mistake,,,, Michael sold the property.
Source: MJJC MOD 1, MJJC
ZitatAlles anzeigen-> If he only owns an interest than why are they reporting it as a joint venture? That's where I'm getting confused.
Because its a joint venture. He owns an intrest in a % of the company. A deal between one or more ppl is a joint venture heres some intresting info vy aveeno explains it more.
An important point everyone seems to be missing. If it was anything else they'd ID the deal as MJ owning minority share or "some interest" in property. Its easy to generalize and just decide he sold but retains "interest" that's not what it is in my view especially with the joint venture but we all could be wrong anyways, this could be a temporary deal too as in signed for a period of time and then Colony steps out of the LLC once the full loan is paid and then MJ retains the LLC to add to his collection of LLC's that protect his properties or it could be a true to the word long term joint venture.
To help along here's a legal definition of a joint venture and how it differs from a partnership:
Joint Venture Definition
A joint venture is a strategic alliance where two or more people or companies agree to contribute goods, services and/or capital to a common commercial enterprise.
Sounds like a partnership, doesn’t it? But legally, joint ventures and partnerships are not the same thing.
Joint Ventures versus Partnerships
The main difference between a joint venture and a partnership is that the members of a joint venture have teamed together for a particular purpose or project, while the members of a partnership have joined together to run "a business in common".
Each member of the joint venture retains ownership of his or her property.
And each member of the joint venture shares only the expenses of the particular project or venture.
Tax-wise, there are also differences between joint ventures and partnerships. As a member of a joint venture, you will receive a share of the profits which will be taxed according to whatever business structure you have set up. So, for instance, if you operate a sole proprietorship, your joint venture profits will be taxed just as any other business income would.
Joint ventures enjoy tax advantages over partnerships, too. Capital Cost Allowance (CCA) is treated differently. While those in partnerships have to claim CCA according to partnership rules, those in joint ventures can choose to use as much or little of their CCA claim as they like.
And joint ventures don’t have to file information returns, unlike partnerships.
Here's another one:
An association of two or more individuals or companies engaged in a solitary business enterprise for profit without actual partnership or incorporation; also called a joint adventure.
A joint venture is a contractual business undertaking between two or more parties. It is similar to a business partnership, with one key difference: a partnership generally involves an ongoing, long-term business relationship, whereas a joint venture is based on a single business transaction. Individuals or companies choose to enter joint ventures in order to share strengths, minimize risks, and increase competitive advantages in the marketplace. Joint ventures can be distinct business units (a new business entity may be created for the joint venture) or collaborations between businesses. In a collaboration, for example, a high-technology firm may contract with a manufacturer to bring its idea for a product to market; the former provides the know-how, the latter the means.
All joint ventures are initiated by the parties' entering a contract or an agreement that specifies their mutual responsibilities and goals. The contract is crucial for avoiding trouble later; the parties must be specific about the intent of their joint venture as well as aware of its limitations. All joint ventures also involve certain rights and duties. The parties have a mutual right to control the enterprise, a right to share in the profits, and a duty to share in any losses incurred. Each joint venturer has a fiduciary responsibility, owes a standard of care to the other members, and has the duty to act in Good Faith in matters that concern the common interest or the enterprise. A fiduciary responsibility is a duty to act for someone else's benefit while subordinating one's personal interests to those of the other person. A joint venture can terminate at a time specified in the contract, upon the accomplishment of its purpose, upon the death of an active member, or if a court decides that serious disagreements between the members make its continuation impractical.
Joint Venture - Joint Venture Advantages - Joint Venture Definition
Source: elusive moonwalker, MJJC
Hab ich's also doch richtig verstanden. Danke für die Info TLC. ![]()
Also entweder fängt Michael an, auf die richtigen Leute zu hören, oder er ist selber schlau und hat einfach nur aufgehört auf die falschen Leute zu hören. ![]()
hört sich beides gut an ![]()
Michael Jackson gives up deed to Neverland
11/12/08 16:59:25
Michael Jackson has given up title to his Neverland ranch, transferring the deed to a company he partly controls.
The singer filed a grant deed on the ranch Monday that makes the new owner an entity called the Sycamore Valley Ranch Co. LLC, Tom Pearson of the Santa Barbara County clerk-recorder's office said Wednesday.
Sycamore Valley Ranch Co. is a joint venture between Jackson and an affiliate of Colony Capital LLC, according to person with knowledge of the transaction who was not authorized to speak on the record and requested anonymity.
The person could not say what would become of the 2,500-acre property located in the bucolic, oak-studded hills of Santa Barbara County's wine country, 120 miles northwest of Los Angeles.
A call to an attorney for Jackson, L. Londell McMillan, was not immediately returned Wednesday.
Jackson had gone into default on the $24.5 million he owes on the property and had faced foreclosure before Colony Capital bailed him out earlier this year by purchasing his loan.
Pearson said the deed did not indicate who owns Sycamore.
A listing on the California secretary of state's Web site says the company filed with the state in June. It does not identify its owners, but the company has the same Century City address as Colony Capital LLC.
Colony Capital is a Los Angeles-based real estate investment company run by billionaire Tom Barrack. It owns several properties in Las Vegas, including the Las Vegas Hilton.
The property was called Sycamore Valley Ranch before Jackson bought it in 1988 and began turning it into a miniature amusement park with a zoo, Ferris wheel, roller coaster and other rides.
At the height of his popularity, the superstar invited thousands of children to play on the grounds.
He renamed the ranch after the mythical land of Peter Pan and set about creating the magical childhood experiences he said his career as a child star had denied him.
"It's like stepping into Oz," he once said of Neverland. "Once you come in the gates, the outside world does not exist."
Jackson has struggled to pay his debts since his financial empire began to crumble following his arrest in 2003 on charges that he molested a 13-year-old boy at the ranch. He has not been seen in the Los Olivos area since a jury acquitted him of all charges, and recent aerial photos show the ranch beginning to fall into disrepair.
FresnoBee.com: California: Michael Jackson gives up deed to Neverland
Neverland Ranch Sold
(Soundbuzz, Thursday November 13, 12:00 PM)
Michael Jackson's Neverland Ranch has been sold to an investment firm whose bosses will rename the property in a joint venture with the pop star, according to new reports. Jackson prevented a foreclosure sale of the California estate when New York-based private equity group Colony Capital agreed to take over his US$24.5 million debt on the property in May.
According to Santa Barbara records, the title to Neverland was transferred on Monday to a company called Sycamore Valley Ranch Company LLC. Sycamore is a joint venture between Jackson and a division of Colony Capital - owner of numerous Las Vegas properties including Red Rock Country Club and the Las Vegas Hilton.
The sale has fuelled reports Jackson has signed on to perform his own headlining show in the city. According to website TMZ.com, the property will be renamed Sycamore Valley Ranch in effort to revamp its image, tinged by the negative press surrounding Jackson's child molestation trial, which ended in his acquittal in 2005. (soundbuzz:wenn)
Michael Jackson's Neverland Ranch is Sold
Posted: Nov 13, 2008 02:35 AM
Reported by: Melissa Mecija
Wednesday, November 12, 2008
The most infamous ranch in Santa Barbara County has been sold. The King of Pop's Neverland Ranch now belongs to a Delaware-based company, but Michael Jackson's interest in his old home may not be over.
Court documents show the property changed hands from Jackson to Sycamore Valley Ranch Company LLC. It is a sigh of relief for neighbors Kathy Sanguinet and Steve Doran.
"The fans have been a bigger problem," Doran said. "He's never been a problem personally."
But is Jackson's involvement really over?
Sources close to the transaction tell Action News Sycamore Valley Ranch Company is a "joint venture" between the King of Pop and Los Angeles based Colony Capital. That source also says Jackson and Colony Capital will continue business projects together.
Jackson's neighbors knew something was up. Sanguinet says she saw moving vans a few weeks back coming from the ranch.
"They just moved up trucks and big vehicles you could see that they were going to haul stuff out, and you could see them hauling out the circus stuff," Sanguinet said.
Speaking of circus, the two will not miss random strangers and devoted fans curious about Jackson's ranch.
"It was never annoying except during the trial, basically when people were driving around and in the driveway turnarounds all day," Doran said.
"I hope that whoever's bought it, like I said, is someone that's going to be quiet. It's not going to be Hollywood anymore," Sanguinet added.
It is the latest chapter in the Jackson drama-over, at least for now.
Late last year, court documents showed Jackson was behind in more than $23 million dollars in payments for the ranch, but Colony Capital helped bail him out.
The source would not reveal exactly how much the ranch was sold for. We called Colony Capital. They have "no comment" on the whole deal.
Jackson has owned the property since the late 1980s. It is not known if the name "Neverland Ranch" will change.
Jackson Sells Neverland For $35 Million; Retains Interest
With regards to the recent reports that Michael Jackson has sold Neverland, the Santa Maria Times has posted additional information:
"Michael Jackson has sold Neverland Ranch to a Delaware-based corporation for approximately $35 million, although the King of Pop retains an interest in the property.
The infamous property north of Los Olivos in Santa Barbara County was transferred from Jackson to Sycamore Valley Ranch Company LLC, which formed in mid-July, according to documents from the county assessor’s office.
Sycamore is a joint venture between Jackson and an affiliate of Colony Capital Inc., a Los Angeles-based company that purchased the entertainer’s $24.5 million mortgage on the property in May, according to a source close to the deal."
Source: MJJR.net / Santa Maria Times
Finde ich jetzt nicht unbedingt, dass er das machen muss. Und weißt du, wie man über das Statement berichten würde?
"Michael Jackson erklärt in einem Statement erklärt, dass er sein Anwesen verkauft und damit seine finanzielle Situation in Ordnung gebracht hat. Insider behaupten aber, dass es weiterhin sehr schlecht um das Geld des ehemaligen King Of Pop steht."
Warum versteht das niemand? Es ist völlig schnuppe, was Michael sagt. Was zählt ist, was die Presse draus machen WILL. Denn das machen die draus, egal was Michael sagt oder macht.
Du brauchst mich nicht zu fragen warum ich das nicht verstehe;) Ich arbeite selbst seit Jahren in den Medien ![]()
Und genau deshalb bin ich der Meinung dass es einen Unterschied macht. Verbreitet sich beispielsweise zuerst das Pressestatement von Michael, dass dann einfach von vielen ohne große Abwandlung kopiert wird oder taucht die Meldung zuerst in einer Klatschzeitung auf, die bewusst sehr negativ schreibt?
Es gibt so viele Redaktionen, ob im Internet, Videotext oder bestimmten Zeitschriften, die sich nicht die Mühe machen solche Meldungen großartig umzuformulieren, es geht eben meist auf eine Ursprungsquelle zurück. Siehe die Behauptung mit den Konzerten, und siehe dann das Statement von Michael zum "Nein" mit den Jackson Five. Da liest sich jede Meldung nahezu gleich.
Ich sehe es weder einseitig, noch geschäftlich. Ich kann nachvollziehen, dass viele Fans da melankolisch werden. Aber Neverland habe ich Ende 2003 "nachgetrauert", weil es da schon klar war, dass es damit vorbei war. Die letzten 5 Jahre habe ich mich aber damit abgefunden. Was mir nur leid tat war der "langsame Tod" den Neverland über die letzten 3 Jahre erlitt. Aber jetzt ist es gemacht und gut ist.
So klang das aber zunächst ![]()
Und mir geht es einzig und allein darum, dass es völlig legitim ist auch jetzt etwas melancholisch zu sein, wenn der Verkauf tatsächlich eintritt. Ob das eben bei einigen Fans der Fall ist oder vielleicht bei Michael selbst. Und meine Auffassung ist eben, dass "Neverland" Michael nicht bereits seit 2003 egal ist, sondern er durchaus Zeit gebraucht hat, sich davon zu lösen. Wenn er das jetzt geschafft hat, freut es mich für ihn.
Zu guter letzt ist es nach wie vor ein Beleg für mich, was an und in Michael zerstört wurde....
Jackson sells Neverland for $55m
November 13, 2008 02:00pm
MICHAEL Jackson's Neverland adventure is over. He has sold the sprawling Californian ranch for $55 million.
The controversial pop star, who created his fantasy escape on the sprawling central California ranch at the height of his fame in 1988, has transferred ownership of the property to a company that he owns jointly with the private equity firm which took over his $US24.5 million ($A38.4 million) debt on the property in May.
According to the Santa Barbara County Assessor's Office, Jackson sold the property for $US35 million ($A54.86 million).
Neverland will be renamed Sycamore Valley Ranch in an effort to revamp its image, tinged by the negative press surrounding Jackson's child molestation trial, which ended in his acquittal in 2005, website TMZ.com reported.
Jackson built a mini amusement park on the 1,100ha property, and invited thousands of children to play there before his trial. He has not lived there since his acquittal.
Colony Capital, which bought Jackson's loan after he missed several payments, also owns numerous Las Vegas properties including the Las Vegas Hilton.
The sale of Neverland to the company has fuelled reports that Jackson has signed on to perform his own headlining show in the city.
[url=http://www.news.com.au/perthnow/story/0,21498,24646444-948,00.html?from=public_rss]Jackson sells Neverland for $55m | PerthNow[/url]
Michael Jackson Lets Neverland Fly Away
Today 6:26 PM PST by Natalie Finn
The fairy tale is really over now.
Michael Jackson has turned the deed to his financially plagued Neverland Ranch over to a company that he has a partial stake in, effectively ending his reign as the King of the House That Pop Built.
Then again, one could wonder what took so long. Jackson hasn't spent any time at the Los Olivos, Calif., estate he bought in 1988 since being acquitted of child-molestation charges in 2005—crimes he was accused of committing on his 2,500-acre property, which in its heyday featured a working petting zoo, amusement park and various other kid-friendly attractions.
According to paperwork filed Monday with the Santa Barbara County Clerk-Recorder's Office, Neverland's new owner is the Sycamore Valley Ranch Co., LLC.
Jackson nearly lost the whole kit and caboodle to foreclosure in May, but an eleventh-hour reprieve from L.A.-based real estate company Colony Capital, which bought a $23.5 million loan that the Thriller artist had been unable to pay back, saved Neverland from the auction block.
Jackson most recently reared his reclusive head to shoot down reports of an original Jackson 5 reunion, saying that he wishes the best for his brothers but has other creative fish to fry.
"My brothers and sisters have my full love and support, and we've certainly shared many great experiences, but at this time I have no plans to record or tour with them," he said through a rep.
"I am now in the studio developing new and exciting projects that I look forward to sharing with my fans in concert soon."
Michael Jackson Lets Neverland Fly Away - E! Online
Michael Jackson gives Neverland to corporation
Singer partly controls company that will hold deed on ranch
updated 9:10 p.m. ET Nov. 12, 2008
LOS ANGELES - Michael Jackson has given up title to his Neverland ranch, transferring the deed to a company he partly controls.
Michael Jackson gives Neverland to corporation - Celebrities
Jackson. Gutes Geschäft.
...an dem er erstmal nix verdient.;)
Du brauchst mich nicht zu fragen warum ich das nicht verstehe;) Ich arbeite selbst seit Jahren in den Medien
Wenn ich dich speziell gemeint hätte, hätte ich "du" gesagt. Ich meinte das als allgemeine Aussage über die "people at large". Bzw. die Fans insgesamt. Und das weißt du natürlich auch.
Zitat
Und genau deshalb bin ich der Meinung dass es einen Unterschied macht.
Weil du in den Medien arbeitest, macht es einen Unterschied, ob er ein Statement macht oder nicht?
Siehste, ich kann das auch. ![]()
ZitatVerbreitet sich beispielsweise zuerst das Pressestatement von Michael, dass dann einfach von vielen ohne große Abwandlung kopiert wird oder taucht die Meldung zuerst in einer Klatschzeitung auf, die bewusst sehr negativ schreibt?
Wann hast du das letzte mal erlebt, dass von Michael ein Statement sich verbreitet hat, ohne dass es in jeder Inkarnation nur nen Vierteil des ganzen Textes bildete und zusätzlich fast nie in voller Länge zu lesen?
Ich weiß noch genau, wann das letzte mal war, als ich das erlebt habe: Als er dieses Entschuldigungsstatement wegen dem Black Or White Video gemacht hat.
Aber seit dem habe ich kein solches Statement erlebt. Oh moment, stimmt, das Statement von Dr. Tohme.
Zitat
Es gibt so viele Redaktionen, ob im Internet, Videotext oder bestimmten Zeitschriften, die sich nicht die Mühe machen solche Meldungen großartig umzuformulieren, es geht eben meist auf eine Ursprungsquelle zurück.
Ja, das ist ja eben das Problem. Sie nehmen News von Fox News (Friedman) eins zu eins auf oder von der Sun oder wat weiß ich. Und die werden kaum irgendwelche Pressestatements veröffentlichen von Michael.
Zitat
Siehe die Behauptung mit den Konzerten, und siehe dann das Statement von Michael zum "Nein" mit den Jackson Five. Da liest sich jede Meldung nahezu gleich.
Ja, wie gesagt, das wussten wir alle schon. ![]()
Und mal wieder eine völlig überzogen Diskussion über etwas, das völlig belanglos ist.
Ich bin der Meinung, es gibt absolut keinen Grund, ein Statement zu machen. Michael behält offenbar Interessen in Neverland / Sycamore Ranch und fertig. Was er damit macht, werden wir sehen.
...an dem er erstmal nix verdient.;)
Na also 24 Mio Schulden weg ist vielleicht nichts verdient, aber ein riesengroßer Schritt in die richtige Richtung. ![]()
hellau,
heißt das jetzt er bleibt auf dauer in meinem keller?? ne, oder? ![]()
THE LAST ACTION HIPPIE ![]()
hellau,
heißt das jetzt er bleibt auf dauer in meinem keller?? ne, oder?
THE LAST ACTION HIPPIE
LOOOOOOL!!!
![]()
Michael Jackson verkauft seine "Neverland"-Ranch
Der Traum ist ausgeträumt: Der King of Pop verkauft sein Königreich.
Santa Barbara - Noch vor ein paar Monaten konnte der gefallene Sänger eine Zwangsauktion des 1.130 Hektar großen Grundstücks verhindern, indem er einen Deal mit der verantwortlichen Immobilienfirma schloss.
Jetzt bestätigen die Behörden von Santa Barbara, wo die "Neverland"-Ranch liegt, dass Jackson nicht mehr länger Eigentümer des Grundstücks ist. ***** hat die Besitzurkunde an eine Gesellschaft namens Sycamore Valley Ranch Co. LLC übergeben. Dabei soll es sich amerikanischen Medienberichten zufolge um eine Interessengemeinschaft von Michael und einer Tochtergesellschaft der Investmentfirma Colony Capital LLC handeln.
Für rund 35 Millionen Dollar (27,9 Mio. Euro) hat er Neverland verkauft und damit eine Zwangsversteigerung durch die Bank abgewendet.
Zu Beginn des Jahres gab Michaels Bruder Jermaine Jackson bekannt, der Musiker würde alles tun, um das Anwesen zu halten – obwohl der "King of Pop" zu diesem Zeitpunkt bereits 240 Millionen Euro Schulden hatte. „Es steht nicht zum Verkauf und wird niemals verkauft werden“, betonte Jermaine damals noch und fügte hinzu: „Nur über seine Leiche wird ‚Neverland’ verhökert werden.“
Warum Jackson "Nerverland" so viel bedeutete, kann niemand so genau sagen – immerhin ist der Star im Juni 2005 von dort weg und nach Bahrain im persischen Golf gezogen. Ein Jahr später ordneten die Behörden eine Verbarrikadierung des Geländes an, weil Jackson weder die Angestellten, die dort noch tätig waren, bezahlt, noch die Versicherung beglichen hatte.
Der exzentrische Popstar kaufte die "Neverland"-Ranch im Jahr 1987 und wollte daraus ein „Paradies für Kinder“ machen. Das hat er auch geschafft: Jackson errichtete auf dem Grundstück einen Freizeitpark mit Vergnügungsbahnen und einem Zoo, in dem Elefanten, Schlangen, Giraffen und Lamas lebten. (TT.Com)
MIJAC SELLS NEVERLAND TO HIMSELF?: TMZ says the title was transferred to a company half-owned by the singer.
(November 13, 2008)
TMZ.com is reporting that the title to Michael Jackson's Neverland Ranch was transferred Monday to a company called Sycamore Valley Ranch Company LLC.
However, Sycamore is a joint venture between Michael Jackson and a division of a company called Colony Capital, the Web site explains. Colony Capital owns the Las Vegas Hilton, the Red Rock Country Club, and other Las Vegas properties.
TMZ has previously reported that Colony Capital bailed out the King of Pop by buying his $23.5 million Neverland mortgage.
"The man behind Colony Capital, Thomas Barrack, Jr. is a Vegas mover and shaker, and there's a buzz in Vegas that Jackson could end up performing at the Hilton and living in the Red Rock Country Club," reports TMZ. "So now, Neverland is owned by both Jackson and Barrack's company."
TMZ also reported that the property in Santa Barbara County, Calif. will drop its Neverland tag and be renamed the Sycamore Valley Ranch.
Um das nochmal zu verdeutlichen:
ZitatNeighbors reported seeing moving vans a few weeks back hauling stuff out from Neverland, including what appeared to be rides etc.
Source: TSCM, KOP Board
Dieser Verkauf war lange vorbereitet. Nachbarn bzw. Einwohner in der dortigen Gegen haben schon vor Wochen Umzugswagen aus Neverland rein und raus fahren sehen, so dass Michael all seine wichtigen Sachen sicherlich schon längst abgeholt hat bzw. irgendwo in Sicherheit gebracht hat.
Das denk ich mir auch, dass das von langer Hand geplant war. Bravo Michael! ![]()
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