The Wall Street Journal is running a piece today on the trials and tribulations of the Michael Jackson estate. Since his death one year ago this month, his businesses have been run by the singer's longtime lawyer John Branca. Branca is one of several managers overseeing the late singer's estate which has stabilized its precarious financial situation, but at least one major liability still looms: a $300 million loan due at the end of this year. The $300 million loan from Barclays PLC, backed by his 50% stake in SONY/ATV, matures at the end of the year. The estate has collected as much as 125 million in royalties since the legends passing but questions loom if there will enough for everyone.
Posted by Chait Kamireddy, Associate Editor, Wealth Strategies Journal.
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