Thursday, June 25, 2009

Evander Holyfield Could Lose Estate!

The Atlanta Journal Constitution reports that former heavyweight champion Evander Holyfield is in danger of losing his Fayette County, Georgia estate to a foreclosure sale on July 7th. The lien holder is demanding full payment of the original $10 million loan. Holyfield was able to stop foreclosure proceedings last June after reaching an agreement, perhaps he will be able to do the same this time.

Holyfield has made an estimated $248 million in the ring, however two divorces, failed businesses and an estimated $500,00 in annual child support payments have depleted his fortune. The estate is worth $20 million, perhaps Holyfield can stop the foreclosure, sell the property and downsize to a reasonable level.

1 comment:

Anonymous said...

Another black man bites the dust-what a waste!!