Washington, Nov 13 : Michael Jackson's Neverland Ranch has been reportedly sold to an investment firm.
The troubled singer - who saved the 2,800-acre Californian estate from auction earlier this year after striking a deal with an investment company - has now officially passed the property deeds over to Sycamore Valley Ranch Company LLC.
The company's bosses will rename the property in a joint venture with the pop star, according to reports.
Santa Barbara public records confirm Michael is no longer the owner of the ranch, reports Contactmusic.
According to Santa Barbara records, the title to Neverland was transferred on November 10.
The deal has fuelled reports Jackson has signed on to perform his own headlining show in the city.
The property will be renamed Sycamore Valley Ranch in effort to revamp its image, tinged by the negative press surrounding Jackson's child molestation trial, which ended in his acquittal in 2005, according to website TMZ.com.