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Billionaire Comes to the Rescue for Jacko - (relief for Peter Pan..........)
FOX NEWS.COM ^ | APRIL 25, 2005 | ROGER FRIEDMAN

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 ...


TOPICS: Culture/Society; News/Current Events; US: California
KEYWORDS: bankofamerica; beatles; billionaires; burkle; clintons; davidrosen; financial; fundraising; jacko; jackson5; jacksonfamily; kingofpop; kroger; michaeljackson; michaelovitz; ralphs; ronburkle; scandals; sony; trial; troubles; yucaipa
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To: CHARLITE

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.


21 posted on 04/25/2005 10:39:23 PM PDT by CyberAnt (President Bush: "America is the greatest nation on the face of the earth")
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To: EagleUSA
... testimonies in the Vaseline jar scenario ...

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.

22 posted on 04/25/2005 11:14:53 PM PDT by StevieB
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To: CyberAnt

This is just one more reason for me to stop going to Ralph's.


23 posted on 04/26/2005 1:01:13 AM PDT by newzjunkey (Demand Mexico Turnover Fugitive Murderers: http://www.escapingjustice.com)
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To: WorkingClassFilth

"A peek at Jackson's little black book of little black boys."

I guess you have never seen pictures of all the accusers.


24 posted on 04/26/2005 1:13:24 AM PDT by Cincinna (BEWARE HILLARY and her HINO)
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To: newzjunkey

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.


25 posted on 04/26/2005 1:14:04 AM PDT by CyberAnt (President Bush: "America is the greatest nation on the face of the earth")
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To: StevieB

Mike's going to J A I L.


26 posted on 04/26/2005 1:18:33 AM PDT by Howlin (North Carolina, where beer kegs are registered and illegal aliens run free.)
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To: Cincinna

No, I haven't been following the story too closely. I suppose Jackson has an entire rainbow coalition of victims...sigh.


27 posted on 04/26/2005 6:15:31 AM PDT by WorkingClassFilth (Get after the RAT's all of you cat people - earn your keep!)
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To: upchuck

Where I live there isn't any Wally Worlds---just Albertsons, Krogers and Tom Thumb---


28 posted on 04/26/2005 9:53:23 AM PDT by Txsleuth (Mark Levin for Supreme Court Justice!)
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To: Txsleuth

You live in a Wally-free zone? Didn't know there was such a thing :)


29 posted on 04/26/2005 10:40:46 AM PDT by upchuck ("If our nation be destroyed, it would be from the judiciary." ~ Thomas Jefferson)
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To: JBGUSA

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


30 posted on 04/26/2005 1:32:28 PM PDT by antonia ("Democracy is the worst type of government, excepting all others." ~ Churchill)
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To: WorkingClassFilth

"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.


31 posted on 04/26/2005 5:51:06 PM PDT by Cincinna (BEWARE HILLARY and her HINO)
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To: antonia

As a lawyer, I'm betting on an acquittal.


32 posted on 04/29/2005 8:00:53 PM PDT by JBGUSA (If it's us or them, I choose us.)
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