Michael Jackson is no longer king of Neverland Ranch. According to a TMZ report, the pop star's sprawling residence in Santa Barbara wine country is now owned by Sycamore Valley Ranch Company LLC.
So does this mean no more paparazzi? No more petting zoo? Not so fast. Dig a little deeper and the documents show Michael Jackson is in a business partnership with Colony Capital, a division of Sycamore, which happens to own the Las Vegas Hilton. In fact Colony Capital bought Jackson's $23.5 million mortgage a few years ago. That's quite a coincidence considering rumors have swirled for years that Jackson would get his own Vegas show.
What will happen to the storied property? There's a lot of room ever since MJ's beloved exotic animals were adopted by a non-profit sanctuary in Arizona. We hear the LA Zoo may need a new elephant refuge. Just a thought.