Daily News Alerts
Get our daily news stories right in your email inbox. Subscribe below.

 
Evander Holyfield's Georgia Mansion Faces Foreclosure
By Miles Bennett ♦ Published 06/26/2009

Evander HolyfieldIs former heavyweight champ, Evander Holyfield, going through some hard times right now?

According to a recent report by the Atlanta Journal-Constitution, Holyfield's Fayette County, Georgia home is in danger of going into foreclosure for the second time this year.

A lien holder is demanding full repayment of the original $10 million loan, with an auction scheduled for July 7 on the Fayette County Courthouse steps.

At press time, Holyfield's camp were unavailable for comment.

The boxer's estate is a 109-room mansion, complete with a Olympic sized swimming pool, a bowling alley and movie theater -- all sitting on a whopping 235 acres.

Last June, a foreclosure notice was issued, but Holyfield was able to strike a deal to keep the home, and later addressed financial trouble rumors, claiming he wasn't "broke. I'm just not liquid."

The estate is said to cost more than $1 million a year just to maintain. Holyfield doesn't want to let it go through.

"To attack that house in any way, or suggest he get rid of it ... that's just not going to fly with him," Holyfield’s former accountant Sam Gainer told the paper. "That's his trophy, his symbol of success."

The 46-year-old boxer also has a second Fayette property under foreclosure, with an original loan amount of $216,000.

During his boxing career, Holyfield grossed more than $248 million. But, after two divorces, several failed business ventures and child support payments (believed to total $500,000 annually), his fortune has taken a beating.

He hasn't fought since December, when he lost to WBA champion Nikolai Valuev in Switzerland. However, his last big boxing payday was back in 2003, when he received $5 million to fight James Toney.

Categories: Sports        Tags: , ,
  • nino

    its a damn shame cuz! one of boxing best sluggers and ring magazine top 25 boxers ever, and one time best pound 4 pound champ, is hurting 4 money this man fought he hole life and made otha people money, and tryin to take his pride and joy. this dude lik rocky man didnt kno when to give it up! this country so fuck up, im thinkiin bout packing my shit and moving to usa jr. aka canada dnt do try to fuck u ova. u gone see holyfield mask up pulling kick doors in min.

  • travis roste

    Holyfield deserves it. He didnt save anything. if he grossed 248 million, throw 50 mil in the bank and waste the rest. he would never be broke now.

  • BigWill

    Men WTF is wroung with these niggaz 248mill n ya shit ain't paid 4 U can't even pay for a $200,000 house U fucking idiot I hope ur ass end up on the street like the old sayin go fool n his money soon part. U idiot

  • Johnny 5

    @Nino
    I see education wasn't a big priority to you. Have fun in Canada!

  • http://dvsinc.blogspot.com/ Vengeance IS MINE!!!!!!!!

    "The boxer's estate is a 109-room mansion, complete with a Olympic sized swimming pool, a bowling alley and movie theater, all sitting on a whopping 235 acres????"

    During his boxing career, Holyfield grossed more than $248 million. But, that house is his trophy, his symbol of success???????"

    "child support payments believed to total $500,000 annually?????"

    SEEMS LIKE THE ONLY THING HE ACHIEVED WAS HUGE DEBTS!!!!!

  • BROOKLYNYCITYWIDE HOMOCIDE

    I am absolutely convinced that no wealth in the world can help humanity forward, even in the hands of the most devoted worker in this cause. The example of great and pure characters is the only thing that can produce fine ideas and noble deeds. Money only appeals to selfishness and always tempts its owners irresistibly to abuse it
    Albert Einstein

  • http://undressingher.com undressingHER

    are there every going to be rich people that just buy their homes in CASH. So they don't have mortgages anymore?

  • Jimmy Bennett

    Im pround that there are men in this world who put God first. What Mr Holyfield is going through is the same thing many men in the bible went through. We Christians arent perfect...but are forgiving. I hope that Mr. Holyfield finds strenth in Proverbs 3:5-7 and Psalms 59:1-17...is something for the rest of you to chew on !

Win The Treasury Watch From Ecko Watches' Timepieces Collectionr
Ecko Watches hooked is up with a few watches, so we're hooking you up...
Home | About Us | Advertise With Us | Contact Us | Terms Of Use | Privacy Policy

© BallerStatus.com 2010 ‘Til Infinitiy. Hated On Since 2002. All Rights Reserved.