Jackson Financial Troubles Fixed?
Jackson’s estate managers are hoping to score big profits off of Jackson memorabilia, according to a piece in TMZ. Documents obtained by the gossip site reveal that the administrators have obtained millions worth of property that they plan to sell. This should put a dent in the huge financial blackhole created by Jackson’s lavish spending while he was alive. And nostalgic fans everywhere are sure to pick up a piece of Jackson history to remember him by- CDs, red jackets, flashy gloves- there’s a ton of money to be made here!
The new documents in the Michael Jackson estate case show the special administrators of the estate expect to haul in money in the “high eight figures” for merchandising and other Jackson-related stuff.
The docs mention the $5.5 million the special administrators already collected from Dr. Tohme Tohme. In addition, the administrators have collected “millions of dollars of tangible personal property throughout the country, including memorabilia and art.”
The docs say the special administrators are deep in negotiations to market all things Jackson.
(TMZ)