Wayne Newton estate: The estate of Las Vegas crooner Wayne Newton was put up for sale, but it is unclear what buyers will actually get in the deal.
The estate of Las Vegas crooner Wayne Newton was put up for sale, but it is unclear what buyers will actually get in the deal.
For sale signs went up at the entertainer’s Casa de Shenandoah ranch on Friday, reported the Las Vegas Review-Journal.
Prospective buyers must post a 5 percent cash deposit of the price they are proposing for the ranch, as was required by U.S. Bankruptcy Court Judge Bruce Markell. They must propose a price by May 15, while an auction of the property is slated for May 31. The for sale sign has no list price for the 37.8-acre piece of property, reported Fox-5 television.
Newton and his wife, Kathleen, have appealed the judge’s order to sell it, according to the Review-Journal. Three houses on the land have leases, while Newton’s herd of Arabian horses have the right to graze there, according to the report.
Realtor Nathan & Associates confirmed with Fox-5 in Las Vegas that the estate was placed on the market. However, the station said Newton is not involved in the sale.
“This is laughable. CSD, a company that my wife and I partly own, has allowed a for sale sign to be placed on the property. However, what that sign does not say is that, unless my family and I (and only my family and I) decide to move, we will continue to live in our three homes on the property for at least the rest of our lives and no potential sale will change that fact,” Newton was quoted by Fox as saying.
CSD is the entity that owns Newton’s estate but is 70-percent owned by Texas businessman Larry Harber, according to the Journal-Review. Newton also filed papers to move at least part of the Chapter 11 bankruptcy case for CSD to the Clark County District Court.
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