Holyfield must have lost it in other ways than Tyson did, but the many kids he's had isn't helping him out. Here's some more on Holyfield, although it doesn't say how he lost it all, it just mentions some of the financial problems.
Holyfield In Financial Trouble???
By TMA | June 5, 2008 - 10:01 am - Posted in News
Say it ain’t so! There is NO WAY THAT HOLYFIELD CAN BE BROKE! Can he??
By CHRISTIAN BOONE - The Atlanta Journal-Constitution
The mother of Evander Holyfield’s 10-year-old son — one of nine children he’s fathered — says the boxing icon has missed two child-support payments, filing a petition for contempt in the Fayette County Superior Court.
Toi Irvin, who lives in Clayton County, said she was told by Holyfield’s representatives not to expect the payments — $6,000 total — for May and June.
“It wasn’t so much that he didn’t pay,” said Irvin’s attorney, Randy Kessler. “She was told they didn’t know if she would be paid at all.”
The former heavyweight champion appears to be in serious financial trouble. His palatial estate in Fayette County is under foreclosure, according to a legal notice that appeared in a local newspaper, and is set to be auctioned by Washington Mutual Bank on July 1. The home is worth an estimated $10 million.
Holyfield, 45, declined to comment on the child-support allegations and the foreclosure. He is also being sued by a Utah consulting company for failing to repay a $550,000 loan.
The lawsuit, filed 15 days ago in U.S. District Court in Salt Lake City, said Holyfield borrowed the funds to pay for landscaping on his 235-acre estate.
Holyfield referred all questions to his attorney, Fred Gardner, who could not be reached for comment.
Kessler said his client also wants assurances that Holyfield has maintained a trust fund for Evan.
Holyfield has been trying to secure another heavyweight championship, last fighting on Oct. 13, 2007. He was defeated by Sultan Ibragimov, though he made it to the 12th round, and said he plans to fight again.
It’s not known how much money Holyfield accrued over the years. though he received $34 million to fight Mike Tyson in the infamous ear-biting bout in 1997.
In his book, “Becoming Holyfield: A Fighter’s Journey,” the ex-champ wrote, “I’d made over $90 million in the short time [of the marriage to Janice] and, as things too often do, it came down to money because we didn’t have a prenuptial agreement.”
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