Michael Jackson's Neverland

Michael Jackson's Neverland Prepared For Sale

Michael Jackson's Neverland ranch which had its own amusement park and zoo is being prepared for sale in California.

The sprawling estate, named after JM Barrie's island for the Lost Boys in Peter Pan, was where the singer held lavish parties and played with his chimpanzee Bubbles.

But Jackson moved out of the property in 2005 when he was tried and acquitted of child molestation charges.

Neverland is now owned by a private investment firm called Colony Capital which bought it from Jackson in 2008 for $23.5m when he was heavily in debt.

Mr Barrack would not say what the asking price is but real estate agents have said Neverland could sell for $50m.