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Last Updated: Wednesday, 27 February 2008, 05:37 GMT
Jackson faces Neverland auction
Neverland ranch - 2003 file photo

Pop star Michael Jackson could lose his Neverland ranch if he fails to pay nearly $25m (12.5m) that he owes on the sprawling California property.

If Mr Jackson does not pay more than three months' arrears on the property it will go to auction on 19 March, a Santa Barbara official told the BBC.

The reclusive singer has not lived at the property since his acquittal on child molestation charges in 2005.

He bought Neverland in 1987 intending to create a fantasy-land for children.

It is named after an island in the story Peter Pan, where children never grow up.

After he purchased Neverland, Mr Jackson built a zoo and fairground on the 2,800 acre (1,100 hectare) property north-west of Santa Barbara.

It was closed in 2006 after he failed to pay his staff or maintain proper insurance.

According to court documents cited by Fox News, the auction is to include the house and everything on the estate including "all ferris wheels, carousels, merry-go-round type devices... and all amusement ride equipment and facilities of every kind or nature".

SEE ALSO
Jackson 'will not lose Neverland'
10 Nov 07 |  Entertainment
Jackson 'ignores negative press'
08 Nov 07 |  Entertainment
Jackson shuts down Neverland home
17 Mar 06 |  Entertainment
Inside Jackson's fantasy estate
10 Mar 06 |  Entertainment
Jackson settles case out of court
19 Jun 07 |  Entertainment
Jackson drops auction challenge
19 May 07 |  Entertainment

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