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Michael Jackson acquitted but can he save his empire

Michael Jackson was acquitted on all charges that he sexually molested a 13-year-old boy in 2003.
Now that he is cleared of these charges one of the first things he must do is get his business and financial affairs in order.
Michael is said to have debts of $340 million and with dwindling prospects for generating new sources of income, Jackson is expected to work on restructuring his finances. The $340 million debt which was recently purchased by a hedge fund, Fortress Investment Group, comes due later this year.
Michael owns a 50% stake in Sony/ATV, a music publishing joint verture with Sony that owns more than 300,000 songs, including 200 titles from the Beatles and generates $50 million to $75 million a year in income for Micheal. His 50% of Sony/ATV is valued at $450 million. He also owns Mijac Music, a publishing company for his own hits as well as hits from such acts as Sly and the Family Stone, Elvis Presley and is valued at $100 million. His Neverland ranch is valued at $55 million.
Michael is required to maintain a pool of $3 million in order to service the interest on his loan. However, he recently missed a $350,000 payment to the pool, causing his lenders to threaten to call the loan. It is an absolute most that Michael reduce his spending in other to save his very valuable assets.

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