Posted on 04/25/2005 9:20:36 PM PDT by CHARLITE
The word in Michael Jackson circles is that the beleaguered pop star has found a white knight: billionaire Ron Burkle.
Jackson has gone to the tycoon hoping that Burkle, who is reportedly worth $2.3 billion, can stave off the former King of Pop's much-needed sale of his portion of Sony/ATV Music Publishing.
Jackson is currently at risk of defaulting on over $270 million in loans from Bank of America.
Burkle owns the largest supermarket chain in America, thanks to his acquisition of Kroger Stores. He is also the largest supplier of produce to McDonald's. His Yucaipa Companies also owns the Pittsburgh Penguins and Alliance Entertainment.
But Burkle is not just a corporate suit. He is a huge Democratic fundraiser and friend of the Clintons.
In order for Burkle to help Jackson, sources say he might first have to pony up a $12 million gift. That number is arrived at because Jackson is $6 million in the hole and isn't allowed to accept loans, according to his agreement with Bank of America. But there would be taxes to pay making the true amount much higher.
Burkle now enters the Jackson story. Like a lot of people who've helped Jackson in the past, he may soon regret it.
(Excerpt) Read more at foxnews.com ...
Well .. his RALPHS stores will not see my face ever if he decides to bail out a child molester.
I love my local Ralphs - but I have other grocery stores just as close - and anybody who supports child molesters will NOT GET MY MONEY.
I don't think the Judge allowed the Vaseline stuff to come into the trail. Regardless, the jury will have a lot of "strange stuff" to consider when deliberating.
This is just one more reason for me to stop going to Ralph's.
"A peek at Jackson's little black book of little black boys."
I guess you have never seen pictures of all the accusers.
Well .. I'm not happy about it because I've been shopping at the same Ralphs store for 10 years - clerks know me - and I feel safe there because of that.
The problem will be finding out if this guy actually does financially support Jackson or not.
Mike's going to J A I L.
No, I haven't been following the story too closely. I suppose Jackson has an entire rainbow coalition of victims...sigh.
Where I live there isn't any Wally Worlds---just Albertsons, Krogers and Tom Thumb---
You live in a Wally-free zone? Didn't know there was such a thing :)
It could be that Burkle plans to sell 'Jackson Potato Heads' to McDonalds as 'collectables' in their children's lunches. Just another Democrat failed policy |
"No, I haven't been following the story too closely. I suppose Jackson has an entire rainbow coalition of victims...sigh."
Nope! Jackson's victims all look alike and they are all white, as are his children. This is one weird dude.
As a lawyer, I'm betting on an acquittal.
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