Manager Denies Michael Jackson Has Money Troubles

The Associated Press reports Michael Jackson’s music manager Charles Koppelman denied a report Thursday in the New York Times that Jackson is in financial trouble and must make a $70 million payment to a lender by Tuesday. Koppelman said no payment was due in that amount to Bank of America or anyone else. He said Jackson would be involved in a significant financial transaction in the next few days but declined to provide details. “Michael is an individual who has the ability to generate huge sums of money,” Koppelman said.