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Message
re: Michael Jackson was not an OT baller
Posted on 6/4/14 at 11:22 am to JumpingTheShark
Posted on 6/4/14 at 11:22 am to JumpingTheShark
quote:
I still maintain that although Michael Jackson was a strange bird, I do not think he was a pedophile.
As someone who really liked Michael Jackson I must admit that he it was clear that he was either emotionally or sexually attracted to boys(or both). The only question is was he a molester of children? I hope not & even the few allegations (out of hundreds or even thousands of children) were not full on sex ,but weird boyish sexual exploration with an adult. Strange.
Although I do not believe the con artist family that made the criminal allegations:
1) Jay Leno smelled a rat with this family & stopped receiving their calls after he heard someone coaching the boy.
2)George Lopez had a huge falling out with the boy & family after they tried to run a scam on him.
3)Chris Tucker also was being scammed by the family & warned Jackson about them.
4)The family all but admitted to fraud in a J.C. Penney lawsuit.
That being said I don't blame the kid , his family, media or law enforcement & placed the blame entirely on Jackson.
For putting himself in such a position he deserved the humiliation, scorn, financial/emotional distress & even prison, perhaps.
0
Posted on 6/4/14 at 12:04 pm to sugar71
quote:
Paul McCartney must be even slower as he allowed such a "slow" person like Jackson punk him for the ATV catalogue(which including not just the Beatles but many other artists) which Jackson purchased for $47 million (valued up to $2 billion on the high estimates).
It was actually Yoko Ono and John Lennon who were in partnership with McCartney to buy the songs that decided to offer no more than $20 million for the Beatles catalog, which allowed them to get outbid by Jackson. Jackson buying the catalog had more to do his habit of uncontrolled spending and dumb luck than having any type of business acumen.
LINK
In 2001 Jackson was $415 million in debt, and spending $20-30 million more per year than his income. He used the Beatles catalog as collateral for two loans totaling $270 million, that he later defaulted on.
This post was edited on 6/4/14 at 12:05 pm
Posted on 6/4/14 at 12:06 pm to EA6B
quote:
In 2001 Jackson was $415 million in debt, and spending $20-30 million more per year than his income. He used the Beatles catalog as collateral for two loans totaling $270,that he later defaulted on.
Banks encourage this shite, they didn't want his money, they wanted the catelog
Posted on 6/4/14 at 4:03 pm to EA6B
quote:
was actually Yoko Ono and John Lennon who were in partnership with McCartney to buy the songs that decided to offer no more than $20 million for the Beatles catalog, which allowed them to get outbid by Jackson. Jackson buying the catalog had more to do his habit of uncontrolled spending and dumb luck than having any type of business acumen.
I understand you may not like the guy ,but him understanding the value of music publishing isn't dumb luck. Music publishing & copyrights weren't a new phenomenon in 1985.
If nothing else it shows the lack of business acumen & forethought by the whining Paul McCartney whom had Michael Jackson eventually hang up in his face/stop receiving his calls.
Like McCartney you have underestimated Michaels savviness & he was burned .
Michael also saw the potential value of Marvel Comics in the early 1990's & was close to buying it(There is audio/video of MJJ discussing this with Stan Lee & others). His 'friend' Stan Lee was skeptical , but willing & if nothing positive came from it Michael could have sold out to Disney for $4-5 Billion.
You're gonna dismiss his foresight into the potential of both as just 'dumb luck'
. Paul McCartney is simply 'dumb' then because he obviously has no foresight at all & his spent 30 years whining to the public & even Michael(until he ignored him). Michaels unwillingness to perform anymore , 30 years of International tours (starting at age 10 ) & drugs had taken their toll. He could have erased much of that debt if he were willing to perform(his most valuable asset). He still spent like it was 1985 however & the 50 concerts in London alone would have erased much of the debt & proved his marketability even after 10 years of not performing.
It wasn't only frivolous spending either as he had written checks for over an astounding $300 million dollars to charities(Even turned over his $50 plus million of a leg of his Dangerous tour to war torn Serbia for much needed medical supplies).
The frivolous stuff is more fun to harp on though.
Posted on 6/4/14 at 4:20 pm to sugar71
Why are you taking such a hard public defense of Michael Jackson?
The guy was a pedophile, not to mention a shining example of what a life of fame and abuse can do to a person.
The guy was a pedophile, not to mention a shining example of what a life of fame and abuse can do to a person.
This post was edited on 6/4/14 at 4:20 pm
Posted on 6/4/14 at 4:36 pm to JB Bama
quote:
Why are you taking such a hard public defense of Michael Jackson?
The guy was a pedophile, not to mention a shining example of what a life of fame and abuse can do to a person.
Did you even read my damn post were I said Michael Jackson was obviously attracted to boys & deserved the public scorn, humiliations, financial/emotional stress & probably even jail?
Has nothing to do with facts & the facts are the man was savvvy enough to own his own publishing company(MJJ) , purchase a catalogue for $47 million(now worth $2 billion) & had enough foresight to attempt a purchase of Marvel Comics from Stan Lee(Disney purchased for $4 billion plus dollars).
Outside of a few political & religious figures maybe, the man was the unquestioned most internationally famous beloved figure /icon on earth. "Slow" or dumb people cannot reach such unprecedented heights .
His disturbing attraction to young boys was his downfall, but facts cannot be disputed.
Posted on 6/4/14 at 5:12 pm to sugar71
quote:
Like McCartney you have underestimated Michaels savviness & he was burned .
In 1981 Jackson paid over twice what anyone in the business thought the Beatle catalog was worth, and continued to be careless with money eventually being over $400 million dollars in debt. He was forced to use the Beatles catalog as security for loans that he defaulted on.
During this same time period McCartney built his net worth up to almost $1 billion dollars, never incurring any financial problems. McCartney could have bought all of Jacksons debt, and every thing he owned many times over. Knowing Jackson was in serious financial trouble he tried to buy the catalog numerous times, they were songs he wrote after all.
It is pretty obvious who had the actual business knowledge. Jackson was nothing but a creepy drug addict that couldn't recognize the balance sheet of his own corporation.
Posted on 6/4/14 at 5:39 pm to EA6B
quote:
McCartney could have bought all of Jacksons debt, and every thing he owned many times over. Knowing Jackson was in serious financial trouble he tried to buy the catalog numerous times, they were songs he wrote after all.
It is nuts to think that someone that created the music can't even legally own it. Just funny how that works out sometimes.
Posted on 6/4/14 at 5:40 pm to EA6B
quote:
It is pretty obvious who had the actual business knowledge. Jackson was nothing but a creepy drug addict that couldn't recognize the balance sheet of his own corporation.
thank you
Posted on 6/4/14 at 8:57 pm to 777Tiger
quote:
New legal documents filed with the U.S. Tax Court in Washington, which were obtained by the L.A. Times, say that after Jackson died in June 2009, the executors of his estate valued the singers net worth at around $7 million.
However the IRS are disputing the figure and claim MJ is actually worth $1.125 billion.
LINK
Posted on 6/4/14 at 8:58 pm to LSUPHILLY72
Dumb thread is stupid.
Posted on 6/4/14 at 8:59 pm to weagle99
I read that this morning and it depressed me. How could the man who made Thriller not be able to afford an iPhone. I know he was bad; but that was worse than I could have imagined.
Posted on 6/4/14 at 9:01 pm to Alabama Slim
quote:
jackson on a shopping spree in las vegas
starts at 5:30
Exactly. It's sad. What is get gonna do with that big arse chess set?
Posted on 6/4/14 at 9:15 pm to sugar71
But how did his dick taste?
Posted on 6/4/14 at 10:00 pm to LT
It's always seemed to me that he didn't start to lose his mind until after Thriller. That's when it seemd the drugs and fame started to affect his personality so badly.
Posted on 6/8/14 at 10:14 am to EA6B
quote:.
1981 Jackson paid over twice what anyone in the business thought the Beatle catalog was worth, and continued to be careless with money eventually being over $400 million dollars in debt. He was forced to use the Beatles catalog as security for loans that he defaulted on.
During this same time period McCartney built his net worth up to almost $1 billion dollars, never incurring any financial problems.
First of all he purchased the catalogue
in 1985 not '81 & obviously outwitted everyone because Gordy(father figure) had taught MJJ the value of publishing/royalties as a teen at Motown years before.
Even Paul McCartney would laugh at you for touting his business acumen. I have $0 debt & no financial problems either but that doesn't make me a great businessman. Frugal & missed 1 day or work in 17 years.
1) It was 'dumb luck' & not great business acumen when a shy 20 year old Michael Jackson (pre Thriller) negotiated the highest royalty rates in the music industry & probably music history in 1979? No act in the ENTIRE music industry was able to it because Michael understood publishing/royalties before he was 18. McCartney was being robbed by execs at that age & still unable to secure such a deal as an adult.
You don't think the man who called him son(Berry Gordy) gave him painful lessons about publishing/royalties. Jackson saw great friends like Stevie Wonder & Marvin Gaye also struggle with royalties/publishing before he was 18 & understood the business. No 'dumb luck'.
2) After negotiating the highest royalty rates in the music industry history he knew the worth of publishing(thanks to Berry Gordy) & outbid the frugal spending McCartney who didn't ' fully understand the value of the catalogue. The Beatles was beaten in it's initial contracts by record excess & then outwitted by Michael Jackson again years later.
McCartney for years publicly whines & speaks of writing to MJJ for at least a raise in his royalties since he outfitted him on the catalogue. Like a true cut throat businessman MJJ laughed , ignored & dismissed. The whining McCartney. If he were such a great business man he wouldn't,t be begging MJJ for a 'raise' in his royalties.
3) Not to mention the near purchase of Marvel Comics.
Attacking MJJ as a drug addict is nothing original & was at the root of his financial issues. Unlike James Brown, Madonna ,Stones, McCartney ,etc......Michael basically retired before 40 & refused to work,
The "This is it" shows (50 sold out in hours) proved that he could retire that debt in several years if he wished. He was also was considering a lucrative Vegas act to retire the rest of the debt.
Being frugal/ modest spender doesn't equal great businessman. McCartney was taken fir a ride by music execs & Michael Jackson.
Posted on 6/8/14 at 10:58 am to weagle99
quote:
Michael Jackson was not an OT baller
He was a little boy baller.
Posted on 6/8/14 at 10:59 am to sugar71
You just don't like McCartney because he's white.
Posted on 6/8/14 at 11:00 am to sugar71
I didn't believe the "Michael is Alive" theories until now.
Posted on 6/8/14 at 11:16 am to Alabama Slim
shite, 1/2 mill on 2 vases
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