Peter Pandemic…uh…Michael Jackson, undisputed King Bizarro, has kept the bank away from foreclosing on pleasure palace, the infamous Neverland Ranch.
After Jacko defaulted on the mortgage, the 2700 acre spread was expected to be up for grabs on the auction block.
The menagerie of freaks, amusement rides and weird-oh memorabilia were also available for the bidding.
However, a real estate investment firm, Colony Capital, bought the $23.5 mil mortgage.
Jackson’s handlers were expected to negotiate a new payment plan for the Prince of Puzzlements.
