Is Michael Jackson's residency at the O2 Arena finished before it starts? If a manager/concert promoter from New Jersey has his way, it will be.
Allgood Entertainment (AGE, not AEG or AIG) say they have a signed contract that Michael's long time manager Frank Delio signed back in December 2008 of a Jackson 5 Reunion concert. Now, although Michael never signed the contract himself, Delio was acting for Michael and the contract is legally binding. AGE is wanting ALL the O2 shows cancelled.
AEG's (Not AGE or AIG) Randy Phillips has yet to respond but rumors are reporting that all plans for the O2 shows have been halted. AEG bailed Mr. Jackson (Kinda like the AIG bailout) out of some serious debt issues before the O2 gigs were booked and are even rumored to be the ones who forked over the money to stop Michael's belongings to be auctioned off earlier this year.
AEG put all their eggs in one basket here. With that being said, expect AEG to pull an AIG and bail Michael out of this one. Too much money is to be lost to cancel those gigs. Expect an agreement between AGE and AEG with AIG asking for some M O N E Y.-Dr.FB