(I posted the most important parts)
By Steve Gorman
LOS ANGELES (Reuters)- Michael Jackson may relaunch his career as a Las Vegas act, thanks to the private equity group that recently bought the loan on his Neverland Ranch in California to help the pop star avert foreclosure.
The investment firm Colony Capital is discussing with Jackson various repayment options for the $23 million debt, including a possible long-term engagement as the resident performer of a Vegas casino or nightclub, a source familiar with the talks said on Friday.
Bringing Jackson to Sin City as a performer would mark the biggest step the 49-year-old performer has taken toward a comeback since a child molestation trial left his career, his reputation and financial status in tatters three years ago.
For more info:
http://ca.reuters.com/article/entertainmentNews/idCAN1329185620080614