Evander Holyfield Says He’s ‘Not Broke’
Despite being widely reported that he’s having financial troubles and has to sell off his 109-room mansion in Atlanta, Evander Holyfield says he’s “not broke.”
Earlier this week, local Atlanta papers reported that his 235 acre piece of property that boasts a 54,000-square-foot mansion was in foreclosure. The Lien holder — Washington Mutual — is demanding full repayment of a $10 million loan, had scheduled an auction on July 1.
Now, on Friday (June 6), the former boxing champ’s attorney says it’s no longer in foreclosure, and further, Holyfield himself says he’s not having money troubles.
“I’m not broke. I’m just not liquid,” Holyfield told the Atlanta Journal-Constitution. “I do feel kind of sad because things have always been positive and now everybody wants to jump on me like I’m the worst person in the world and I went out and blew all my money.”
Holyfield has made an estimated $250 million from his career as a boxer over the last 24 years. So, if he is in fact, that’s a lot of money to blow.
Hopefully, he has some of that money saved as he claims he does.
Former Boxing Champ, Evander Holyfield, Is Broke
Evander Holyfield has continued to fight way past his prime for some time, and now we finally know why. Reports have surfaced revealing that the former heavyweight champion is broke.
He has a number of financials woes — including his $10 million estate in suburban Atlanta doing into foreclosure, the mother of one of his children is suing for unpaid child support, and a Utah consulting company has gone to court claiming the boxer failed to pay back more than a half million dollars for landscaping.
According to the Associated Press a local paper ran a notice Wednesday (June 4) saying his estate would be auctioned off “at public outcry to the highest bidder for cash” at the Fayette County courthouse on July 1.
His home is 54,000-square-foot home, is located on Evander Holyfield Highway, and has 109 rooms, including 17 bathrooms, three kitchens and a bowling alley.
During his 24-year boxing career, Holyfield has made hundreds of millions of dollars — including a reported $34 million for his second bout with Tyson in 1997, where Tyson — who has also experienced his own financial problems — bit off Holyfield’s ear.
However, over the years, his earning power has vastly declined, after numerous losses to less than stellar fighters.
What’s the deal with athletes not being able to manage their money? It seems as though this is an ever consisting problem among star athletes who have made millions.
