|WILLEMSTAD, CURACAO (June 21, 2005)—Now that Michael Jackson has been acquitted of all charges brought against him, the biggest obstacle facing “The King of Pop” appears to be the financial hole he’s dug. His lavish lifestyle has Jackson rumored to be spending between $20 and $30 million more than he earns per year, putting him hundreds of millions in debt. With “The King Of Pop” desperately needing a large cash infusion, PinnacleSports.com today announced odds on what the future holds for Michael Jackson. |
The largest sports betting site on the Internet, PinnacleSports.com has created a number of unique betting options on what Michael Jackson will do to moonwalk his way out of his cash crisis. Although selling his Neverland Ranch or his stake in the Beatles back catalog would certainly ease his debts, PinnacleSports.com thinks it’s a long shot Jackson will part with his two biggest assets this year. The online bookmaker lists the odds of the pop star selling his Neverland home near Santa Barbara, California at 7/2, while the likelihood Jackson parts with the Beatles catalog that is valued in excess of $400 million before the end of the year is at 7/5 odds.
“After surviving a Thriller in the courtroom, Michael Jackson now needs to make his debts HIStory,” said Simon Noble of PinnacleSports.com. “Since he’s in such dire need of cash it would only make sense for ‘The King of Pop’ to sell his Neverland Ranch or his ownership of The Beatles song catalog. But since this is Michael we’ve made the likelihood of him parting with either a long shot although they alone would pull the pop star out of the red.”
If he decides against parting with his precious possessions, Jackson could turn to other options to alleviate his financial woes. With his record sales steadily declining for years, the odds that Michael Jackson will release a new solo studio album by July 2006 have been made a 9/5 underdog. Touring may be a viable option for Michael Jackson in Europe or Asia, but PinnacleSports.com believes neither headlining in Las Vegas nor a Jackson 5 reunion are on the cards and lists both as 5/1 long shots. Although the talk show circuit may seem inevitable following his trial, PinnacleSports.com has posted the odds of Jackson appearing live on “Oprah” this year as a small underdog at 8/5.
Current Odds: *All Odds Subject To Change*
Will Michael Jackson sell all or part of Neverland in 2005?
Will Michael Jackson sell all or part of The Beatles Catalog in 2005?
Will Michael Jackson release a new solo studio LP before July 1, 2006?
Will Michael Jackson headline in Vegas by November 1, 2005?
Will the Jackson 5 perform in a public concert in 2005?
Will Michael Jackson appear in person on “Oprah” in 2005?