Michael Jackson’s Former Manager Files Creditor’s Claim

The King of Pop’s former manager Dr. Tohme Tohme says the Jackson estate owes him money, and ET has the details.

Tohme contends in a creditor’s claim filed Thursday that he has not received any portion of the managerial fee he and the late star agreed upon in July of 2008: 15 percent Jackson’s gross compensation within the entertainment industry, including live performances, merchandising, electronic arts, recorded and live telecasts, motion pictures and animation projects.

Tohme also claims he entered into an agreement with Jackson in May of 2008 in which Jackson agreed to compensate the doctor for helping enlist Colony Capital LLC to provide $23 million in funds to purchase a promissory note preventing foreclosure on Jackson’s Neverland Ranch. Tohme claims he’s owed $2,300,000 (10 percent of the amount of funding) and 10 percent of the gross proceeds of any sale of the ranch property.

Read Complete Article at ETonline - Celebrities

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