Monday, November 17, 2008
Media / Business Michael Jackson Blows Prince's Wad
Posted by Eric Grandy on Mon, Nov 17, 2008 at 2:09 PM
Not that Prince. From the Daily Mail:
Michael Jackson begged a Bahrainian prince for money to pay his home bills, the High Court heard today.The pop star took £3.7 million to sing songs composed by Sheikh Abdullah Bin Hamad Bin Isa Al-Khalifa after the pair began collaborating from 2004 onwards, the court was told.
He and Jackson agreed a deal to release joint collaborations and raise money for the victims of the tsunami and Hurricane Katrina.
But the sheik claims the near bankrupt former billionaire took the money and refused to carry out his part of the bargain.
Jackson's personal assistant allegedly made a request for money in 2005 to pay 'utility bills' at his Neverland ranch, which the singer has now been forced to sell.
Bankim Thanki QC, representing the sheikh, told the court his client was very surprised at the perilous state of Jackson's finances.
(ht: Matt Hickey)
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