Jackson may tour in 2008

Michael Jackson is in talks to embark on a three-month tour in a bid to pay off his outstanding debts.

Jackson is rumoured to be negotiating with promoters AEG Live to organise three months' worth of live dates from March to May next year, with proceeds going towards repaying his $325m (€224m) debt, according to US columnist Roger Friedman.

Friedman writes: "He (Jackson) is so deeply in debt and at such a crisis point in his finances that he and (publicist Raymone) Bain may be using potential proceeds from a tour as leverage for refinancing his $325m in loans.

"The refinancing was due on December 1. Not only did it not happen, but Jackson is now in default on $300m (€206m) secured by his Neverland Ranch."