Michael Jackson loses ownership of his Neverland Ranch
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Michael Jackson has lost ownership of his Neverland Ranch in California, after the deeds were transferred over to Sycamore Valley Ranch Company, an investment firm in which the pop star has shares. The 50-year-old wanted to turn the 2,800-acre area, north-west of Santa Barbara, into a fantasy land and built a zoo and fairground on the plot but the star has not lived there since he was acquitted of child molestation in 2005 and the estate was closed in 2006 after he failed to pay staff and maintain the proper insurance. It is now unclear what will happen to the ranch. SOURCE: BBC

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