Michael Jackson is in no danger of losing his Neverland ranch due to debt, his spokeswoman has said.
She denied reports that the pop star had defaulted on a $23m loan on the California ranch, saying he was in the process of refinancing the building.

The denial comes after the ranch containing amusement park rides and a zoo, was spotted on a Santa Barbara County foreclosure report this week.

Jackson left the ranch when acquitted of child abuse in 2005. In August, finance firm Prescient Acquisition said he had debts of $272.5m.

“Mr Jackson is in the final stages of refinance and will not lose Neverland Valley Ranch,” his spokeswoman Raymone Bain said.   Personally, I want to know what Bank is going to finance this loan to make sure I don’t have any money invested with them.

Earlier this month, he told US magazine Ebony that he was now living somewhere on the east coast.

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