The title to the Neverland Ranch was transferred this past Monday to a company called Sycamore Valley Ranch Company, LLC, which is a joint venture between Michael Jackson and a division of a New York based private equity firm named Colony Capitol (who took over Michael's $24.5 million debt on the property earlier this year.) Colony owns many properties in Las Vegas including the Las Vegas Hilton. This has prompted rumors that Michael has signed on to have his own show in Las Vegas.
The property will no longer be called Neverland. It will now be referred to as Sycamore Valley Ranch in an attempt that people will no longer associate the property with child molestation, but instead with salad dressing.
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