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Old 06-08-2008, 01:18 AM   #1
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Default Holyfield says $10M home will not be foreclosed

Holyfield says $10M home will not be foreclosed

ATLANTA - Former heavyweight champion Evander Holyfield denies that his home will be foreclosed, saying "Everything is all right with the house now."

A legal notice in a small local newspaper Wednesday said Holyfield's estate will be auctioned to the highest bidder for cash on July 1. The 54,000-square-foot home has 109 rooms, including 17 bathrooms, three kitchens and a bowling alley. The estate is valued at $10 million.

In The Atlanta Journal-Constitution on Saturday, Holyfield said he's not broke — "I'm just not liquid."

(Source: www.yahoo.com)
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Old 06-08-2008, 02:24 AM   #2
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he'll have earned some cash over the years , wonder how he's squandered it
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Old 06-08-2008, 08:37 AM   #3
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Mack, what ceiling are you putting on your bid?
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Old 06-08-2008, 10:26 AM   #4
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Quote:
Originally Posted by old crust View Post
Mack, what ceiling are you putting on your bid?
Holyfield agreed to go three rounds with me, whoewer wins gets the other's house. Poor sucker will be homeless soon!

Don't know how he squandered all those millions he earned ferocious, maybe he used the same financial planner as Mike Tyson.
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Old 06-08-2008, 10:31 AM   #5
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wasn't he a man of god with about 10 kids ?? i can't see him doing the drugs/whores squandering like tyson done
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Old 06-08-2008, 10:40 AM   #6
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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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Old 06-08-2008, 10:50 AM   #7
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$34m to fight tyson that's some payday 11 year back
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Old 06-08-2008, 11:26 AM   #8
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I remember the late and former heavyweight champion Joe Louis being reduced to shaking people's hands as a casino greeter in Las Vegas when he was old, trying to make money to pay the IRS back, who said he owed them big money from some of the purses he made in the ring.

Back in the old days (maybe it's the same now) lots of very shady characters would worm their way into boxers' lives and really take them to the cleaners....what started out as a lot of money for a fighter to make on a bout, by the time everyone took their cut, what was left for the fighter wasn't much. Then the government wanted taxes on the total purse from Louis, when he saw just a fraction of the money.
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Old 06-08-2008, 01:58 PM   #9
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Joe Louis didn't even have enough money to cover his funeral. His old adversary and only man to beat him in his prime Max Schmelling paid for it or at least partly paid for it. Quite a turn out really as Schmelling was the man depicted as the personification of evil Nazism and Joe Louis as the good old American way by the US media who of course contributed absolutely fuck all to his funeral costs.
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Old 06-09-2008, 10:21 AM   #10
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Max Schmelling was a decent guy who got blackened when the Nazi propaganda machine and the American media cunts set him up as an UBER ARYAN HERO, he hated that.
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