According to reports, AEG Live had agreed to "self-insure" Jackson's shows after most insurance companies expressed doubt whether the frail singer would be able to complete the residency.
David Beckham has been helping LA Galaxy in their bid to sign Brazilian playmaker Kaka from Real Madrid as his replacement, the Major League Soccer club's owner said.
While refund of the 750,000 tickets seems inevitable at this stage, the financial implication of the canceled tour is far from clear.
The company which had sold tickets worth 85 million for the 50 -date concert tour 'This Is It' that was to be held in London's famed O2 Arena from July 13. AEG will now have to refund the amount to approximately 750,000 people across the globe, reported Los Angeles Times.
Major League Soccer (MLS) has given Los Angeles Galaxy a Friday deadline to resolve David Beckham's request for a permanent move to Italy's AC Milan, MLS said on Wednesday. Beckham, who joined the Galaxy midway through 2007, is on loan to Milan and has expressed his desire to stay in Serie A to help him in his bid to play one more World Cup with England in South Africa next year.
Zlatan Ibrahimovic says he is ready to win silverware with Los Angeles Galaxy after a full-page advert in Friday's LA Times confirmed his move to the MLS club from Manchester United.
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