Why is the Estate selling Neverland and not keeping it for Michael’s children?

Neverland is managed and controlled by Colony Capital, not by the Estate. This is based on a contract Michael signed in 2008. We did explore with Colony Capital a number of potential options for Neverland, including donating it to the State of California to be preserved for historical purposes and special events, but none proved feasible and ultimately Colony decided to sell the property. Neverland has always been and will continue to be a very expensive property to maintain. Thus, without any viable option to generate income from the property, Colony’s decision to find a buyer is understandable and it is the same reason that the Estate cannot purchase the property. We trust that any new owners will respect the historical importance and special nature of this wonderful property.

We also think it is important to keep in mind that as magical and beautiful a place as Neverland was during the years Michael lived there, it was not his home for the last few years of his life and he publicly stated that it would not be his home again. Michael’s music, vision and messages remain ever present with us – the artist, the creative genius and the caring human being with an unparalleled passion for the planet and the people who inhabit it. This will continue to be immortal and inspire generations to come.