Name: Michael Jackson's Neverland Ranch sold to Pittsburgh Penguins co-owner Ron Burkle
Brand: cnn.com
SKU: cnn-com-679
Availability: OnlineOnly

critic

Michael Jackson's Neverland Ranch sold to Pittsburgh Penguins co-owner Ron Burkle

preview

(CNN)The property formerly known as Neverland Ranch, home to the late , has been purchased by Pittsburgh Penguins co-owner Ron Burkle, Burkle's spokesman confirmed to CNN Saturday.Spokesman Frank Quintero did not confirm the purchase price, but Burkle is also the co-founder of Yucaipa Companies, an investment firm.Neverland Ranch -- named after the fictional "Neverland" in the tale of Peter Pan, the boy who could never grow up -- was purchased by Jackson in 1987 for $19.5 million.The 2,700-acre estate once contained 22 structures, including an amusement house and a zoo which housed elephants, a giraffe, orangutans, and Jackson's chimp Bubbles.Read More Jackson died in 2009 of what the Los Angeles County Coroner said was "acute propofol intoxication." His physician, Dr. Conrad Murray, was convicted in 2011 of involuntary manslaughter in connection with Jackson's death and served less than two years in prison.In 2014, the property was listed for sale at $100 million. It was reportedly pulled off the market in 2017 after failing to find a buyer following a price drop to $67 million, and went back on the market .The property, now known as Sycamore Valley Ranch, was jointly owned by Jackson's estate and a fund managed by the real estate investment trust Colony Capital.At that time, agent Kyle Forsyth shared the listing with Suzanne Perkins.He said the property, which contains the nearly 12,000-square-foot main house where Jackson lived for 15 years, was held off the market because of wildfires and mudslides in nearby Santa Barbara, California."Everyone pulled back for about a year in general," Forsyth said in 2019.Forsyth told CNN Saturday he is no longer associated with Colony Capital or the listing of the ranch.CNN has reached out to Perkins but has not yet heard back.

(CNN)The property formerly known as Neverland Ranch, home to the late , has been purchased by Pittsburgh Penguins co-owner Ron Burkle, Burkle's spokesman confirmed to CNN Saturday.Spokesman Frank Quintero did not confirm the purchase price, but Burkle is also the co-founder of Yucaipa Companies, an investment firm.Neverland Ranch -- named after the fictional "Neverland" in the tale of Peter Pan, the boy who could never grow up -- was purchased by Jackson in 1987 for $19.5 million.The 2,700-acre estate once contained 22 structures, including an amusement house and a zoo which housed...

public

Alanne Orjoux

Deanna Hackney

It’s our job to #GoThere & tell the most difficult stories. For breaking news, follow  @CNNBRK  and download our app http://cnn.com/apps

cnn.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Michael Jackson's Neverland Ranch sold to Pittsburgh Penguins co-owner Ron Burkle

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS