As TMZ put it, Jermaine Jackson may have put the cart before the Ferrari … er … horse, that is.
In other words, he went out and purchased the ultra-expensive carriage while the jury was deciding whether to give his family as much as $40 billion.
Jermaine went to Calabasas Luxury Motorcars Monday to pick up the 2009 Ferrari California, which was listed at $169,995. Sources connected to Jermaine tell us he was able to wheel-and-deal the dealer down to the low 160s.
Jermaine didn’t have to plunk down the entire amount. He traded in his Rolls Royce and got around $90k. We’re told he paid the balance — just over $70k.
As has been reported … if Katherine would have won her lawsuit against AEG, Jermaine and her other children would likely have been the beneficiaries of the judgment once she died.