National Ledger - Evander Holyfield Tries to Hold On: Says $10M Home Won't Be Foreclosed

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Share This \| Related Evander Holyfield Tries to Hold On: Says $10M Home Won't Be Foreclosed
By Jon Shanks Jun 9, 2008

Former heavyweight champion Evander Holyfield has denied that his home will be foreclosed and is trying to hold on to the property. The legendary boxer told the Associated Press, "Everything is all right with the house now." A legal notice that ran on Wednesday in a small local newspaper said Holyfield's estate will be auctioned off "at public outcry to the highest bidder for cash'' at the Fayette County courthouse on July 1.

Evander Holyfield Tries to Hold On: Says $10M Home Won't Be Foreclosed (Image: Wenn)

News.Com in Australia reports that 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. The boxing champ says, he's not broke -- "I'm just not liquid."

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So what went wrong? For one thing Holyfield, has at least nine children and the report claims that Holyfield's handlers allegedly told the mother of one of his children that he will no longer be able to make his $3,000-a-month support payment. The report details more financial woes as well. A federal lawsuit was filed about two weeks ago in Utah seeking repayment of over $500,000 in loans allegedly made to Holyfield in late 2006 and early 2007 to pay for landscaping on the estate.

Holyfield fought prize fights for nearly a quarter century and likely made hundreds of millions of dollars. He now joins TV pitchman Ed McMahon with his high profile possible foreclosure of former multi-millionaire celebrities that might lose their homes.

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