Newspaper article The Evening Standard (London, England)

Debt-Ridden Jackson Could Sell [Pounds Sterling]250m Beatles' Songs

Newspaper article The Evening Standard (London, England)

Debt-Ridden Jackson Could Sell [Pounds Sterling]250m Beatles' Songs

Article excerpt

Byline: ROB SINGH

DEBT-ridden Michael Jackson may be forced to sell the rights to his coveted Beatles collection to stop his financial problems spiralling out of control, it emerged today.

The pop singer is expected to make [pounds sterling]250million in a deal which could clear his debts, estimated at [pounds sterling]200million. He has been described at his child abuse trial as being on the verge of bankruptcy as a result of his career hitting an all-time low and constant overspending to fund his lavish lifestyle.

Jackson bought 50 per cent of the rights to more than 250 songs written by Paul McCartney and John Lennon for [pounds sterling]33million in 1985.

The Santa Maria court also heard Janet Arvizo, mother of Jackson's accuser Gavin Arvizo, 15, claim that the pop star's aides threatened to kill her parents and boyfriend if she did not make a video praising Jackson.

The footage was to offset the potential backlash from Martin Bashir's controversial documentary. …

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