Michael Jackson plans 'greatest comeback in history' at London's O2

Reclusive and beleaguered singer Michael Jackson is in talks to launch the 'greatest comeback in history' with a 30-date performance run at London's O2 arena in July.

Michael Jackson, aiming to cash in on his popularity in Europe, is on the verge of securing a £1.5million-a-night deal at the 20,000-seat arena.

The deal with organizers AEGLive is weeks from being announced, sources tell the Daily Mail.

The 30-date performance will be the longest ever after 21 shows by U.S. singer Prince in 2007 and ticket prices are expected to top the record £500 set by Barbara Streisand's comeback concerts in 2007.

"It will be the greatest comeback in the history of pop and there would be no problem selling out the O2 every night," says a source.

Alluding to reports that the 50-year-old singer is suffering from a lung disease, the source added:

"There have been rumors about his health but that is not an issue. He is capable of doing all the shows."

Jackson's spokesman earlier in January dismissed the allegations as "total fabrication."

"Mr Jackson is in fine health and finalizing negotiations with a major entertainment company and television network for both a world tour and a series of specials and appearances," he added.

Jackson is believed to have started work on a new album in early 2008, setting himself the unenviable task of outdoing Thriller, his sixth studio album released in 1982 which sold over 15 million copies worldwide.

Jackson has been one of the most successful performers in history having sold 750 million records, won 13 Grammy awards and achieved 13 number one singles.

Though he is rumored to be under debt, in January he leased a Bel Air mansion for one year paying a whopping $100,000 a month.

Jackson's manager-spokesperson Tohme Tohme told The Los Angeles Times that the lease would enable the reclusive King of Pop to be "where all the action is."
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