20
Dec
Michael Jackson could lose his 50% stake in The Beatles’ back catalogue if he fails to meet an imminent deadline to repay $200m (£113m) in loans. The singer’s lawyers are in talks to prevent him defaulting on loans secured by his stake in the songs.
Jackson’s lawyer Brent Ayscough said he wanted Fortress Investment Group to give the singer more time to repay. He bought the coveted publishing rights for $48m (£27m) in 1985. They are now valued at $500m (£283m).
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