Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Billionaire Comes to the Rescue for Jacko - (relief for Peter Pan..........)
FOX NEWS.COM ^ | APRIL 25, 2005 | ROGER FRIEDMAN

Posted on 04/25/2005 9:20:36 PM PDT by CHARLITE

The word in Michael Jackson circles is that the beleaguered pop star has found a white knight: billionaire Ron Burkle.

Jackson has gone to the tycoon hoping that Burkle, who is reportedly worth $2.3 billion, can stave off the former King of Pop's much-needed sale of his portion of Sony/ATV Music Publishing.

Jackson is currently at risk of defaulting on over $270 million in loans from Bank of America.

Burkle owns the largest supermarket chain in America, thanks to his acquisition of Kroger Stores. He is also the largest supplier of produce to McDonald's. His Yucaipa Companies also owns the Pittsburgh Penguins and Alliance Entertainment.

But Burkle is not just a corporate suit. He is a huge Democratic fundraiser and friend of the Clintons.

In order for Burkle to help Jackson, sources say he might first have to pony up a $12 million gift. That number is arrived at because Jackson is $6 million in the hole and isn't allowed to accept loans, according to his agreement with Bank of America. But there would be taxes to pay — making the true amount much higher.

Burkle now enters the Jackson story. Like a lot of people who've helped Jackson in the past, he may soon regret it.

(Excerpt) Read more at foxnews.com ...


TOPICS: Culture/Society; News/Current Events; US: California
KEYWORDS: bankofamerica; beatles; billionaires; burkle; clintons; davidrosen; financial; fundraising; jacko; jackson5; jacksonfamily; kingofpop; kroger; michaeljackson; michaelovitz; ralphs; ronburkle; scandals; sony; trial; troubles; yucaipa

1 posted on 04/25/2005 9:20:43 PM PDT by CHARLITE
[ Post Reply | Private Reply | View Replies]

To: CHARLITE

What would he have to gain by helping Jacko?


2 posted on 04/25/2005 9:25:09 PM PDT by JBGUSA (If it's us or them, I choose us.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JBGUSA
What would he have to gain by helping Jacko?

His portion of Sony/ATV Music Publishing.

3 posted on 04/25/2005 9:27:13 PM PDT by concerned about politics (Vote Republican - Vote morally correct!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: CHARLITE

Oh, my and I shop at Kroger---hm.....if he does this then in a very roundabout way, I would be helping Jacko, right?

Let me know when I need to switch to Albertsons!!! LOL


4 posted on 04/25/2005 9:28:08 PM PDT by Txsleuth (Mark Levin for Supreme Court Justice!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JBGUSA

A peek at Jackson's little black book of little black boys.


5 posted on 04/25/2005 9:30:08 PM PDT by WorkingClassFilth (Get after the RAT's all of you cat people - earn your keep!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Txsleuth

I believe Albertson's is part of the Kroger chain...if I'm not mistaken, Kroger products are offered at Albertson's.


6 posted on 04/25/2005 9:31:27 PM PDT by dware (Go then. There are other worlds than these.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: CHARLITE; All

Close your eyes and see if you can picture this:

Jacko being led off in handcuffs, headed for prison.

I know... I can't either. (Even though he deserves it!)


7 posted on 04/25/2005 9:32:00 PM PDT by Humidston (Rats = Party of DEATH)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Humidston
"Close your eyes and see if you can picture this:


8 posted on 04/25/2005 9:34:38 PM PDT by CHARLITE (I lost my car keys............so now I have to walk everywhere.......)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Humidston

Jacko being led off in handcuffs, headed for prison.
======
We can only hope that justice is served, and he cannot buy his way out of this, as he did the first time. I think the testimonies in the Vaseline jar scenario, and the witnesses, to the young boy being held (and sodomized) will hang him big time with the jury.


9 posted on 04/25/2005 9:34:56 PM PDT by EagleUSA (q)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Humidston
Is that a surgically fashioned chin dimple? I heard that it IS. Who would want such a gross disfigurement, added to the rest of the plasticized facial features?
10 posted on 04/25/2005 9:36:23 PM PDT by CHARLITE (I lost my car keys............so now I have to walk everywhere.......)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Txsleuth
Let me know when I need to switch to Albertsons!!!

Shop at Wally World. No connection to Jacko and they consistently beat Kroger's prices.

11 posted on 04/25/2005 9:49:24 PM PDT by upchuck ("If our nation be destroyed, it would be from the judiciary." ~ Thomas Jefferson)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Txsleuth
Im thinking the same thing.

An American Expat in Southeast Asia

12 posted on 04/25/2005 9:52:15 PM PDT by expatguy (http://laotze.blogspot.com/)
[ Post Reply | Private Reply | To 4 | View Replies]

To: CHARLITE

Who would want the whole bizarre face he has purchased? Go to old pics of Michael Jackson when he was the child star of the Jackson Five. Now tell me he has improved himself.


13 posted on 04/25/2005 9:58:59 PM PDT by Sender (Team Infidel USA)
[ Post Reply | Private Reply | To 10 | View Replies]

To: CHARLITE
Ron Burkle is also friends with Bill Clinton and bailed Jesse Jackson's mistress out.

More...

When an employee who had a child with Rev. Jesse Jackson left the Rainbow/PUSH Coalition for Los Angeles, a consulting job awaited her at an investment company owned by Ron W. Burkle, a friend of (Jesse)Jackson's.

A 48-year-old billionaire grocery store magnate from Los Angeles, Burkle also is a friend to former President Bill Clinton and a major financial donor to the Democratic Party. In 1998, Burkle and Jackson were invited to accompany Clinton on a 12-day trip to Africa. In 1999, Burkle co-hosted a party at the Beverly Wilshire Hotel in honor of Rainbow/PUSH award winners and Jackson's 58th birthday.

14 posted on 04/25/2005 10:02:02 PM PDT by kcvl
[ Post Reply | Private Reply | To 1 | View Replies]

To: kcvl
Ron Burkle, whose net worth was estimated last year by the Business Journal at $1.9 billion,

Looking Inside INdTV

Al Gore and ex-Stanford prof Joel Hyatt say their S.F.-based cable news channel for twentysomethings won't be ideological. But do the Democratic moneymen behind the venture know that?

snip

Among those most intimately involved with the project are a veritable who's who of super-connected Democratic donors and operatives, from INdTV's board of directors on down. Besides Gore and Hyatt, those directors include San Francisco investment banker Richard Blum, the husband of U.S. Sen. Dianne Feinstein; Ron Burkle, the billionaire Los Angeles investment banker and Democratic megadonor; and Ed Renwick, a partner in Burkle's investment firm. (That firm, Yucaipa Companies, claims former President Bill Clinton and the Rev. Jesse Jackson among its directors.)

Indeed, perhaps the least publicized aspect of the Gore-Hyatt venture is where the money has come from. Securities and Exchange Commission records and other public documents suggest that a big chunk of the funding for INdTV is being supplied, at least indirectly, by ordinary Californians who probably have no idea that they are invested in the former vice president's next career move. That's because two of the six "beneficial owners" listed in documents filed with the SEC are private equity funds controlled by the Burkle and Blum firms, respectively. And each of those funds is slated to receive huge investments from the California Public Employees' Retirement System, a $160 billion public pension fund controlled by Democratic officials whose party and campaigns have been supported by huge contributions from Burkle and Blum.

More...

15 posted on 04/25/2005 10:12:30 PM PDT by kcvl
[ Post Reply | Private Reply | To 14 | View Replies]

To: kcvl

Jesse Jackson also sits on the board of Yucaipa.

Of course, Burkle has also given more than $100,000 to Schwarzenegger.

More Burkle:
http://www.freerepublic.com/focus/keyword?k=burkle


16 posted on 04/25/2005 10:17:08 PM PDT by calcowgirl
[ Post Reply | Private Reply | To 14 | View Replies]

To: kcvl
Thanks very much for your post. Excellent information.

Char

17 posted on 04/25/2005 10:17:23 PM PDT by CHARLITE (I lost my car keys............so now I have to walk everywhere.......)
[ Post Reply | Private Reply | To 15 | View Replies]

To: EagleUSA

My theory - The U.S. has no royalty, so lots of Americans elevate so-called movie stars (and pols, btw) to the status of royals.

I'm betting the jury will follow suit and slap that freak on the wrist and let him walk. I hope I'm wrong.


18 posted on 04/25/2005 10:24:25 PM PDT by Humidston (Rats = Party of DEATH)
[ Post Reply | Private Reply | To 9 | View Replies]

To: CHARLITE

...Wouldn't surprise me in the least. He's a dead ringer for Joan Crawford, LOL!

"NO MORE WIRE HANGERS!!!"


19 posted on 04/25/2005 10:25:31 PM PDT by Humidston (Rats = Party of DEATH)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Humidston

I'm betting the jury will follow suit and slap that freak on the wrist and let him walk. I hope I'm wrong.
====
Well it is really in the hands of the jury. And if the jury cannot be bought (it is really about money with Jacko and his ability to BUY PEOPLE) he will go down. The evidence and testimony, and the public has not seen all of it, is pretty strong, very strong to convict on. Again, it is up to the jury...


20 posted on 04/25/2005 10:32:14 PM PDT by EagleUSA (q)
[ Post Reply | Private Reply | To 18 | View Replies]

To: CHARLITE

Well .. his RALPHS stores will not see my face ever if he decides to bail out a child molester.

I love my local Ralphs - but I have other grocery stores just as close - and anybody who supports child molesters will NOT GET MY MONEY.


21 posted on 04/25/2005 10:39:23 PM PDT by CyberAnt (President Bush: "America is the greatest nation on the face of the earth")
[ Post Reply | Private Reply | To 1 | View Replies]

To: EagleUSA
... testimonies in the Vaseline jar scenario ...

I don't think the Judge allowed the Vaseline stuff to come into the trail. Regardless, the jury will have a lot of "strange stuff" to consider when deliberating.

22 posted on 04/25/2005 11:14:53 PM PDT by StevieB
[ Post Reply | Private Reply | To 9 | View Replies]

To: CyberAnt

This is just one more reason for me to stop going to Ralph's.


23 posted on 04/26/2005 1:01:13 AM PDT by newzjunkey (Demand Mexico Turnover Fugitive Murderers: http://www.escapingjustice.com)
[ Post Reply | Private Reply | To 21 | View Replies]

To: WorkingClassFilth

"A peek at Jackson's little black book of little black boys."

I guess you have never seen pictures of all the accusers.


24 posted on 04/26/2005 1:13:24 AM PDT by Cincinna (BEWARE HILLARY and her HINO)
[ Post Reply | Private Reply | To 5 | View Replies]

To: newzjunkey

Well .. I'm not happy about it because I've been shopping at the same Ralphs store for 10 years - clerks know me - and I feel safe there because of that.

The problem will be finding out if this guy actually does financially support Jackson or not.


25 posted on 04/26/2005 1:14:04 AM PDT by CyberAnt (President Bush: "America is the greatest nation on the face of the earth")
[ Post Reply | Private Reply | To 23 | View Replies]

To: StevieB

Mike's going to J A I L.


26 posted on 04/26/2005 1:18:33 AM PDT by Howlin (North Carolina, where beer kegs are registered and illegal aliens run free.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Cincinna

No, I haven't been following the story too closely. I suppose Jackson has an entire rainbow coalition of victims...sigh.


27 posted on 04/26/2005 6:15:31 AM PDT by WorkingClassFilth (Get after the RAT's all of you cat people - earn your keep!)
[ Post Reply | Private Reply | To 24 | View Replies]

To: upchuck

Where I live there isn't any Wally Worlds---just Albertsons, Krogers and Tom Thumb---


28 posted on 04/26/2005 9:53:23 AM PDT by Txsleuth (Mark Levin for Supreme Court Justice!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Txsleuth

You live in a Wally-free zone? Didn't know there was such a thing :)


29 posted on 04/26/2005 10:40:46 AM PDT by upchuck ("If our nation be destroyed, it would be from the judiciary." ~ Thomas Jefferson)
[ Post Reply | Private Reply | To 28 | View Replies]

To: JBGUSA

It could be that Burkle plans to sell 'Jackson Potato Heads' to McDonalds as 'collectables' in their children's lunches.

Just another Democrat failed policy


30 posted on 04/26/2005 1:32:28 PM PDT by antonia ("Democracy is the worst type of government, excepting all others." ~ Churchill)
[ Post Reply | Private Reply | To 2 | View Replies]

To: WorkingClassFilth

"No, I haven't been following the story too closely. I suppose Jackson has an entire rainbow coalition of victims...sigh."

Nope! Jackson's victims all look alike and they are all white, as are his children. This is one weird dude.


31 posted on 04/26/2005 5:51:06 PM PDT by Cincinna (BEWARE HILLARY and her HINO)
[ Post Reply | Private Reply | To 27 | View Replies]

To: antonia

As a lawyer, I'm betting on an acquittal.


32 posted on 04/29/2005 8:00:53 PM PDT by JBGUSA (If it's us or them, I choose us.)
[ Post Reply | Private Reply | To 30 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson