Foreclosure Punches Evander Holyfield -

[AutoNut Man]

According to the Atlanta Journal-Constitution:

Developments : A Knock Out: Evander Holyfield Facing Foreclosure

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.

ALSO-

Evander Holyfield behind in child support

Court petition says he owes $6,000

By CHRISTIAN BOONE
The Atlanta Journal-Constitution

Published on: 06/04/08

The mother of Evander Holyfield's 10-year-old son — one of 11 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.

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."

[Bostongambler]

Maybe he can fight Canseco for some $$$$$$$$$.

[Mr Falcone]

Evander Holyfield behind in child support

[KoolPappy]

it is simply unbelieveable that so many athletes can make millions of dollars and then go broke...

[Uncle B]

Originally Posted by KoolPappyPD

it is simply unbelieveable that so many athletes can make millions of dollars and then go broke...

No shit.

Tyson is dumb enough that it's sort of understandable to me, but, Holyfield???
That surprises the Hell out of me...Just makes no sense.

[Mr Falcone]

Think more times tna not, they got the wrong people surrounding them that have access to the quid and book keepin as well

And of course Houses like this cant help any, I mean shit how much time does a guy like this spend at home anyway

[southie]

Classic one-liner:
Tyson to Holyfield during their first weigh-in: "If you're such a christian why do you have 10 kids out of wedlock!"

[Mr Falcone]

To help spread the Gospel of course

[all-in]

Originally Posted by Uncle B

No shit.

Tyson is dumb enough that it's sort of understandable to me, but, Holyfield???
That surprises the Hell out of me...Just makes no sense.

Don King robbed Tyson after he fired Cayton and Jacobs and everyone Tyson hired to "protect" him was a King crony. Duva probably stole half of Holyfield's money but how in the world do you blow 50 or 100 million? WTF, pay off a 2 or 3 million dollar house, put 5 or 10 million in muni bonds or some other risk free investment vehicle and hope days like this never come but if they do, you can still live high on the hog until you die. Amazing how this happens all the time.

[Uncle B]

Originally Posted by all-in

Don King robbed Tyson after he fired Cayton and Jacobs and everyone Tyson hired to "protect" him was a King crony. Duva probably stole half of Holyfield's money but how in the world do you blow 50 or 100 million? WTF, pay off a 2 or 3 million dollar house, put 5 or 10 million in muni bonds or some other risk free investment vehicle and hope days like this never come but if they do, you can still live high on the hog until you die. Amazing how this happens all the time.

Holyfield always seemed pretty bright to me, business wise...I just can't imagine how he could possibly be in this mess, especially when you consider he is STILL fighting, and bringing in a paycheck pretty regularly.

Even if he's only getting a few hundred thousand a fight these days, thats a decent amount of cash coming in.

[Uncle B]

Holyfield's Baby Mama Does a Legal K.O.

Evander Holyfield better get back in the ring and make some money -- because according to court documents the boxer hasn't paid child support for his 10-year-old son Evan in three months!

Holyfield's baby Mama, Toi Jenese Irvin, is demanding Holyfield either pay his $9000 debt in full -- or go straight to the pokey. Irvin also says Holyfield dropped their son's health insurance -- he's required by court order to maintain insurance on the boy.

In addition to Evan, Holyfield has ten other children.

[drunkguy]

pay his $9000 debt in full

pretty pathetic when one of the greatest heavyweights ever can't come up with a few dimes