Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES
Funny Business Video Gallery
Details on California's printing of IOUs in lieu of payments, with CNBC's Jane Wells.
Ahead of the holiday weekend, CNBC's Jane Wells brings light to a very special party.

JANE WELLS VIDEO

» More

Current DateTime: 11:25:19 05 Jul 2009
LinksList Documentid: 31388230
Expiration DateTime: 7/5/2009 11:27:10 PM

RSS FEED

» Help

Current DateTime: 11:25:19 05 Jul 2009
LinksList Documentid: 31388237
Expiration DateTime: 7/5/2009 11:27:17 PM
Funny Business Blog
Text Size
Aug.22
3:30 PM ET
Friday, 22 Aug 2008
Update: Trump McMahon-sion? NO Deal!
Posted By:Jane Wells
Sectors:Media

TRUMP TRUMPED IN BUYING MCMAHON HOME

Donald Trump
Donald Trump

UPDATE: Ed McMahon has sold his home to a private party, no terms disclosed. The buyer is NOT Donald Trump, who told The Los Angeles Times last week he was buying McMahon's house to keep the TV veteran from being kicked out due to foreclosure.

McMahon spokesman Howard Bragman tells CNBC that, for unknown reasons, the deal with Trump was trumped by a private buyer who stepped in.

We don't know any details, other that when escrow closes, McMahon will have to move. He had defaulted on a $4.8 million mortgage from Countrywide [CFC  Loading...      ()   ]. Trump told the Times he was planning to buy the house and lease it back to McMahon, saying "it would be an honor."

He said he didn't know the 85-year-old former sidekick to Johnny Carson, but he admired him after watching "The Tonight Show" while studying at Wharton. Perhaps the lease back became an issue? We don't know. We have a call into Trump's office.

____________________________________
Earlier:

Well, Donald Trump has not bought Ed McMahon's home. Yet.

Last week, Trump told the Los Angeles Times he was buying the home of the former "Tonight Show" sidekick as a favor, so that the aging McMahon wouldn't be forced out. McMahon has defaulted on a $4.8 million mortgage from Countrywide, saying he hadn't been able to get work for 18 months because of a painful neck injury. Trump said "it would be an honor" to buy the home and lease it back to the star.

Not so fast.

McMahon spokesman Howard Bragman tells CNBC that the deal is "not done," and he has "no idea when" it might get done. In fact, McMahon's people are are also talking to others about buying the home. "We're exploring all options," Bragman says. "We hope it gets done sooner rather than later."

Meantime, McMahon has been suing Cedars Sinai Medical Center in Los Angeles, claiming doctors there failed to diagnose his broken neck and botched two spinal operations.

City News Service reports McMahon is alleging fraud, battery, elder abuse, intentional infliction of emotional distress, breach of fiduciary duty and negligent misrepresentation. But lawyers for the hospital say talk is cheap, and they are asking a judge to force McMahon's lawyers to turn over more evidence to support his claims.

And -- only in Hollywood -- the hospital's legal team previously defended Lindsay Lohan when she was sued by a bus boy, and rep'd Keanu Reeves when he was sued by a photographer.

Questions? Comments? Funny Stories? Email

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post


Current DateTime: 01:35:47 05 Jul 2009
LinksList Documentid: 29778428

Current DateTime: 01:35:47 05 Jul 2009
LinksList Documentid: 29779196

Current DateTime: 01:35:48 05 Jul 2009
LinksList Documentid: 29779199

Current DateTime: 01:35:48 05 Jul 2009
LinksList Documentid: 29779198
CNBCCNBC
About CNBC  |  Site Map  |  Privacy Policy  |  Terms of Service  |  Video Reprints  |  Advertise  |  Help  |  Contact
Partners: AOL Money  |  BloggingStocks.com
CNBC is a Division of NBC Universal
  Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
Thomson ReutersThomson Reuters