State authorities ordered the ranch shuttered in 2006 and fined Jackson for failing to pay ranch employees and for not maintaining proper insurance. Jackson's zoo animals have also since reportedly been removed.
According to legal documents, if Jackson fails to pay the estimated $24.5 million, Neverland would be sold to the highest bidder at a public auction.
No comments have so far been received from Jackson or anyone whose job it is to respond on his behalf.
