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Michael Jackson Bemoaned His Children Were 'Living Like Vagabonds' Before He Signed On For 'This Is It' Tour, Court Hears

//pp_michael jackson this is it

June 12 2013, Published 7:35 p.m. ET

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Michael Jackson was desperately broke before his much anticipated "This Is It" comeback tour, AEG Live's chief executive testified in a Los Angeles courtroom on Wednesday.

Randy Phillips, on the witness stand for a sixth day in the wrongful death trial, recounted an emotional Halloween meeting with the pop star at a Bel Air, Calif., hotel, where the legendary King of Pop told him "they were living like vagabonds."

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"He actually broke down and I broke down -- we both broke down," Phillips said.

"He got emotional. He teared up about his family and having a good life with them and a place to live and a residence they could call their own."

When asked whether he was concerned by the fact that Jackson was crying, Phillips testified: "I felt incredibly bad that this incredible star was at the point where he just couldn't buy a house with all this money he made It just didn't make sense."