Boxing champ Evander Holyfield's $10 million home has been foreclosured on. Photo courtesy of Allposters.com
Just when I thought I wrote my last post about a celebrity losing his home to foreclosure, the gossip blogs report of yet another knock-out punch. On Thursday, gossip news site TMZ reported former heavyweight boxer Evander Holyfield may soon loose his opulent $10 million estate in suburban Atlanta.
The four-time heavyweight champ defaulted on the $10 million loan to Washington Mutual, and according to another report from SportsIllustrated.com, a legal notice that ran 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. The 54,000-square-foot home - located on Evander Holyfield Highway - has 109 rooms, including 17 bathrooms, three kitchens and a bowling alley.
In 1997, Holyfield reportedly amassed $34 million in his highly publicized bout with Mike "Ear Biter" Tyson. While I'm sure boxing promoters, agents, and who knows what other shady cronies, scavenged around Holyfield for a bite of his fat check, I'm sure the fighter was able to pocket a good chunk.
The foreclosure auction is just part of a series of financial windfalls that the 45-year-old boxer is currently fighting. Holyfield faces a federal lawsuit seeking repayment of $550,000 in loans allegedly made to him in late 2006 and 2007 - money he used to pay for landscaping on his 235-acre estate. In a separate case, the boxer failed to make about $6,000 in child support payments to one of the mothers of his nine children.
Holyfield has told reporters that he doesn't plan on retiring from boxing until he's the undisputed champ. But at this rate, the only thing undisputed about him, is his losing record.
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