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Like Peter Pan, it looks like Michael Jackson can’t remain in Neverland forever. After closing that California ranch earlier this year, the broke, quirky, pedophile will be moving to Europe. He hopes to reignite a musical career there, the one that was stalled by that pesky sex abuse trial.

Jackson, who has been living in Bahrain since his acquittal on child molestation charges in June of 2005, has also severed ties with his longtime business managers as part of a “sweeping restructuring” of his affairs, spokeswoman Raymone Bain said.

“He’s just decided that with all of the projects he’s going to be involved with and all of the people he’s beginning to work with in the music industry, it’s easier (to live in Europe),” Bain said. “He’ll be going back and forth to Bahrain but Europe will be his principal residence.”

Best Dancer Ever?
(AFP/Getty Images)

The children of Bahrain ran for cover in response.

The 47-year-old entertainer, who has made few public appearances since the end of his sensational trial, had previously announced plans to release an album in 2007 and was considering a tour.

State authorities ordered Jackson to close Neverland earlier this year, fining him more than $100,000 for failing to pay the staff there or maintain proper insurance.

“He still owns Neverland and he’s still providing the funding for its upkeep,” she said. “I’m sure at some point in time he will move back to Neverland, that’s not out of the question. It’s not in the immediate future but it’s not far-fetched.”

Anyone taking Jackson seriously again, however? That’s far-fetched.