PTL trustee M.C. “Red” Benton has granted...

PTL trustee M.C. “Red” Benton has granted an Australian businessman a five-day extension to make a $50-million deposit on his $200-million offer to buy the TV ministry’s Heritage USA theme park. Benton originally gave Gavin Morehu until Friday to come up with the earnest money, but PTL lawyer Bradford Leggett said that after a meeting with Morehu, Benton extended the deadline until Wednesday. Morehu, 52, is president and executive chairman of Morehu International in Melbourne, Australia. He said he is involved in banking, real estate, travel, construction and the import-export business. Morehu is one of several contenders for PTL’s assets, which are being sold to pay creditors by order of U.S. Bankruptcy Judge Rufus Reynolds. The religious broadcasting and entertainment empire filed for bankruptcy after Jim Bakker resigned in 1987 in a sex and money scandal.