Pop star Michael Jackson has refinanced his Neverland ranch to save it from being auctioned off, his lawyer says.
Mr Jackson had been told that if he failed to pay $25m (£12.5m) he owed on the sprawling California property, it would be auctioned next week.
L Londell McMillan said the singer had now worked out a "confidential" agreement with an investment group which meant he would keep the property.
"Neverland and MJ are fine," Mr McMillan said.
The deal had been struck with the Fortress Investment Group, he added.
The reclusive singer owed more than three months' arrears on the property.
If he failed to make the payments, the auction was due to go ahead on 19 March.
Fantasy land
Matt Fiddes, a family friend of Mr Jackson and his brothers, said the problem had been exaggerated by "tabloid gossip".
It's quite normal for anyone who's a success to have a mortgage on their property because they can get better rates for their money
Matt Fiddes Family friend
"I know for a fact that he wasn't going to lose it," he told the BBC News website.
"It's not a problem - Michael's keeping Neverland."
He added: "I've spoken to his brother, Tito, about it and it's not like it is in the papers.
"It's quite normal for anyone who's a success to have a mortgage on their property because they can get better rates for their money."
Neverland was closed in 2006 after Mr Jackson failed to pay his staff
The star, best known for songs such as Bad, Thriller and Billie Jean, has not lived at the property since his acquittal on child molestation charges in 2005.
He bought Neverland in 1987 intending to create a fantasy land for children.
It is named after an island in the story Peter Pan, where children never grow up.
After he purchased Neverland, Jackson built a zoo and fairground on the 2,800 acre (1,100 hectare) property north west of Santa Barbara.
It was closed in 2006 after he failed to pay his staff or maintain proper insurance.
jamaican5star said
21:38 03/13 2008
zeen
Garrick said
21:39 03/13 2008
WACKO JACKO RIDES AGAIN
dappa75wifie said
21:41 03/13 2008
lets all send our kids there now that he saved it yahooooo yeeeeeeeeeeeyyyyyyyyyyy lol cho
AJ said
21:44 03/13 2008
kool
littlemisslinkz said
05:01 03/14 2008
ok
bagaloo said
05:21 03/14 2008
mi hear pon di news seh him a look a house in a devon,england...him ago move from the US, bwoy jackson have little money lef man...
Crazypickney said
11:11 03/14 2008
lol @ wifie. jacko needs some guidance
DJ O.P. said
11:50 03/14 2008
lol
linko said
13:32 03/14 2008
bullilet
Caramel_Delite said
13:37 03/14 2008
HIM NEED MORE DEN GUIDANCE
pengo said
14:11 03/14 2008
IF U LOVE YOUR CHILDREN, THAT IS ONE PLACE WHERE DEM MUS NEVA NEVA LAND.
Shem1 said
14:12 03/14 2008
worst place... dis probably worst than hell
RiddimRyder said
14:13 03/14 2008
pengo wrote:
IF U LOVE YOUR CHILDREN, THAT IS ONE PLACE WHERE DEM MUS NEVA NEVA LAND.
Zib said
17:29 03/16 2008
why dis guy nuh go retire in some irus somewhere an keep outa de heeadlines. i dont last i hear some good news bout him , its a real shame how them make this once powerfull black icon a shame to white people almost everywhere
xForcex said
17:32 03/16 2008
WTF let a person B. ra**s
BadAbe123 said
00:32 03/18 2008
is this a sign that he is on the up and up?
Kaos said
00:34 03/18 2008
Kaos To di World
Sad Sad Sad
Everything from start to finish wid Michael
triniboy18 said
00:36 03/18 2008
dis man a crazy dude yes... any word on his new album by chance....
Mr Jackson had been told that if he failed to pay $25m (£12.5m) he owed on the sprawling California property, it would be auctioned next week.
L Londell McMillan said the singer had now worked out a "confidential" agreement with an investment group which meant he would keep the property.
"Neverland and MJ are fine," Mr McMillan said.
The deal had been struck with the Fortress Investment Group, he added.
The reclusive singer owed more than three months' arrears on the property.
If he failed to make the payments, the auction was due to go ahead on 19 March.
Fantasy land
Matt Fiddes, a family friend of Mr Jackson and his brothers, said the problem had been exaggerated by "tabloid gossip".
Family friend
"I know for a fact that he wasn't going to lose it," he told the BBC News website.
"It's not a problem - Michael's keeping Neverland."
He added: "I've spoken to his brother, Tito, about it and it's not like it is in the papers.
"It's quite normal for anyone who's a success to have a mortgage on their property because they can get better rates for their money."
The star, best known for songs such as Bad, Thriller and Billie Jean, has not lived at the property since his acquittal on child molestation charges in 2005.
He bought Neverland in 1987 intending to create a fantasy land for children.
It is named after an island in the story Peter Pan, where children never grow up.
After he purchased Neverland, Jackson built a zoo and fairground on the 2,800 acre (1,100 hectare) property north west of Santa Barbara.
It was closed in 2006 after he failed to pay his staff or maintain proper insurance.
To di World
Sad Sad Sad
Everything from start to finish wid Michael