Jacko deal saves Neverland

Michael Jackson has signed a deal to save his Neverland Ranch home from being sold at a public auction.

The California estate was scheduled to be sold off if Jackson failed to pay $24.5m (€15.7m) he owed in property taxes by March 19.

With less than a week to go, the superstar has agreed a deal with an investment group that will allow him to retain ownership.

Jackson's lawyer L. Londell McMillan told PageSix.com: "Neverland and MJ are fine."

Details of the agreement with the Fortress Investment Group are confidential.