Evander Holyfield’s Georgia Mansion Faces Foreclosure

By Miles Bennett  |  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.