Jackson’s post-trial dreams face debt reality

Michael Jackson, center right, and defense attorneys Susan Yu, right, Thomas Mesereau, behind Yu, and Robert M. Sanger, behind Mesereau, leave the courtroom after hearing the not guilty verdicts in Jackson's trial.

Now that Michael Jackson has been acquitted of all charges in his child molestation trial, the Rev. Jesse Jackson says that the 46-year-old entertainer has told him he wants to continue to read and write, as well as build a theme park in Africa where children from all over the world could come to play.

Monday’s across-the-board acquittals are no guarantee, however, that the self-proclaimed King of Pop, whose career has been faltering for years, will ever become a chart-topping artist again. The jury’s verdicts, moreover, cannot erase the more than $270 million in debt that he’s carrying, which could certainly hinder his ability to make his post-trial dreams a reality.

The Rev. Jackson said that in their frequent phone calls, the star acknowledged that he was strapped for cash. During the past year the singer was sued at least four times for allegedly failing to pay $3.3 million in overdue bills, and some have estimated that his current legal bills will cost him more than $10 million.