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It's a shocking testament .. Michael_Jackson-- who amassed hundreds of millions of dollars during his storied career -- needed the "This Is It" tour so he could afford a house for his children.

During the wrongful death trial Wednesday afternoon ... AEG honcho Randy Phillips told the jury about an emotional meeting he had with MJ around Halloween, 2008.  Phillips said a tearful Jackson told him his 3 kids were living "like vagabonds" -- shuttling from a Las Vegas rental to the Bel Air Hotel in L.A.

Phillips said Jackson wanted a home the family could call their own, and needed the "This Is It" tour to make enough money to realize that dream.

Phillips said the meeting was so emotional, both he and Jackson cried.

But get this ... the next day Phillips met MJ again, and the singer revealed the home he wanted to buy --- a 40,000-square-foot estate with a $93 million price tag.  Phillips told MJ he thought it was ridiculous to blow his wad on the property.

MJ eventually settled on renting the house where he died.
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a comeback is far more greater when the odds are impossible

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curls

Hee hee - TMZ finally mention something from court!  :icon_e_wink:
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Andrea



So after 28 days of the trial, THIS is what TMZ reports. Ok.
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Snoopy71

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93 million huh?    "Phillips told MJ he thought it was ridiculous to blow his wad on the property."


...is this Phillips "subtle way" of stating how much MJ would have made from the tour?  :suspect:


I guess Michael had much bigger plans.  :icon_e_wink:
Last Edit: June 13, 2013, 09:27:11 AM by Snoopy71
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Adi

$93 million?

9/3 date of Michael's "funeral"

[youtube]http://www.youtube.com/watch?v=PeNQuzFuXuc[/youtube]

 :icon_albino:
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This sounds strange to me. What has this to do with the case???  :icon_question: Money as always. :icon_rolleyes:
Last Edit: June 13, 2013, 10:41:43 AM by taty_2crazy
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bec

$500 million/year from the music catalog=broke, I wanna be MJ style broke too.
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Are you entertained?

I think Michael wants the world to understand what the 2003 accusations and then the trial did to his and his children's life.  Because of the police raid(s) on Neverland, and the allegations themselves, Michael couldn't bring himself to live in Neverland anymore.  He also was in fear for his life right after the trial so he needed to get out of the country.  So, Michael and his children did not have a place to call home from 2005 until 6/25/2009, "Phillips said a tearful Jackson told him his 3 kids were living "like vagabonds" -- shuttling from a Las Vegas rental to the Bel Air Hotel in L.A." He wants this understood by the world........ In my opinion.........
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I think Michael wants the world to understand what the 2003 accusations and then the trial did to his and his children's life.  Because of the police raid(s) on Neverland, and the allegations themselves, Michael couldn't bring himself to live in Neverland anymore.  He also was in fear for his life right after the trial so he needed to get out of the country.  So, Michael and his children did not have a place to call home from 2005 until 6/25/2009, "Phillips said a tearful Jackson told him his 3 kids were living "like vagabonds" -- shuttling from a Las Vegas rental to the Bel Air Hotel in L.A." He wants this understood by the world........ In my opinion.........

excellent point
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everlastinglove_MJ

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I think Michael wants the world to understand what the 2003 accusations and then the trial did to his and his children's life.  Because of the police raid(s) on Neverland, and the allegations themselves, Michael couldn't bring himself to live in Neverland anymore.  He also was in fear for his life right after the trial so he needed to get out of the country.  So, Michael and his children did not have a place to call home from 2005 until 6/25/2009, "Phillips said a tearful Jackson told him his 3 kids were living "like vagabonds" -- shuttling from a Las Vegas rental to the Bel Air Hotel in L.A." He wants this understood by the world........ In my opinion.........

excellent point

+1
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It's all for L.O.V.E.

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blankie

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So after 28 days of the trial, THIS is what TMZ reports. Ok.


As if someone has read what we were saying on the forum..... ;D   that TMZ  had not yet talked about the trial.....   :icon_mrgreen: 

                                                :moonwalk_:
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LOVE YOU MORE

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It's a shocking testament .. Michael_Jackson-- who amassed hundreds of millions of dollars during his storied career -- needed the "This Is It" tour so he could afford a house for his children.

During the wrongful death trial Wednesday afternoon ... AEG honcho Randy Phillips told the jury about an emotional meeting he had with MJ around Halloween, 2008.  Phillips said a tearful Jackson told him his 3 kids were living "like vagabonds" -- shuttling from a Las Vegas rental to the Bel Air Hotel in L.A.

Phillips said Jackson wanted a home the family could call their own, and needed the "This Is It" tour to make enough money to realize that dream.

Phillips said the meeting was so emotional, both he and Jackson cried.

But get this ... the next day Phillips met MJ again, and the singer revealed the home he wanted to buy --- a 40,000-square-foot estate with a $93 million price tag.  Phillips told MJ he thought it was ridiculous to blow his wad on the property.

MJ eventually settled on renting the house where he died.

If this is true then it explains Dr. Murrays recollection in his documentary when he recounted Randy Phillips coming to the house and having a rant about Michael ending up on skid row and left with nothing if he didn't go through with the concerts. It was because Michael had already planted the seed of being so broke and homeless when they met each other 2008.

What I don't understand is why he didn't just sell Neverland and buy a new home? Or like many have said use some of the millions from the catalogue income.  If this was October 2008, when did foreclosure on Neverland get threatened?
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suspicious mind

in some jurors minds those action might represent reckless behavior. just sayin
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Why not just tell people I'm an alien from Mars? Tell them I eat live chickens and do a voodoo dance at midnight. They'll believe anything you say, because you're a reporter. But if I, Michael Jackson, were to say, "I'm an alien from Mars and I eat live chickens and do a voodoo dance at midnight," people would say, "Oh, man, that Michael Jackson is nuts. He's cracked up. You can't believe a single word that comes out of his mouth."

 

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