Pop superstar Michael Jackson has dismissed reports he is in danger of losing his Neverland Ranch in California after defaulting on a R140million loan.
The Thriller singer was said to have been put on notice after failing to pay back the debt he owes Fortress Music Trust before October 12.
However, Jackson's spokesman Raymone Bain insists the 49-year-old refinanced the loan last year with his former advisors, and that now the loan has matured, he is refinancing again.
She says, "Contrary to published reports, Jackson was never in default of the loan.
"He is in the final stages of refinancing and will not lose Neverland Valley Ranch."
Jackson has not lived at Neverland since he was acquitted of child molestation charges in 2005.
Neverland was where some of the alleged molestations took place. - Wenn