Michael Jackson Court Case – Big Debt Trouble

By Stuart Heritage on Wednesday, May 4, 2005 at 3:01pmNo Comments


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The Michael Jackson (CDs) court case continues, constantly giving away new secrets about the king of pop.

Moolah_1First, there were the seized books of nude boys, although that genuinely looks more like art than outright kiddie porn.

Now it’s been revealed that Jackson is in a deep financial crisis. But who hasn’t had a spot of money trouble, right? We’ve all had to dip into debt now and again, to pay the rent or afford something to eat.

But this is Michael Jackson we’re talking about, so naturally it’s been claimed that he spends between $20 million and $30 million more than he’s earned. A year!

Michael Jackson’s costs are naturally bigger than your average human’s. For instance, he is said to spend $5 million a year on lawyers alone, and roughly the same amount on security. Then there is the $7.5 million on ‘personal expenses’. That’s a lot of sparkly gloves!

The majority of the debt comes from the two music catalogues he owns. The interest alone on the loans he secured for them run to $11 million a year. To be fair, they’re huge catalogues, containing most songs of The Beatles (CDs), as well as the output of several other bands.

Potentially these catalogues are worth billions of dollars. But $11 million a year is a lot just so you can say you own Maxwell’s Silver Hammer.

The prosecution is revealing these figures because they claim Jackson got in such a panic about his financial worries he arranged to kidnap the boy at the centre of the case and make him star in a documentary telling the world how brilliant Michael Jackson is, which would somehow restore his career and his income.

Sounds unlikely, but it’s for the jury to decide.

There’s also been the bizarre news that Jackson has a deep, manly voice that he only uses when he’s upset, though it’s unlikely that this will have too much influence on he trial.

Soon will be the case for the defence, which will be far more interesting. It means Michael Jackson will actually talk. hecklerspray has it’s fingers crossed that he uses the deep voice.

[story by Stuart Heritage]

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