Holyfield Is Broke

It wouldn't surprise me. The Ring had an article about his fight with Sultan and it was at least hinting of financial problems.

He's made a ridiculous amount of money but has extremely high expenses.

His mansion is beautiful and huge, enough to house his 452 children.

 

Lesson learned: Condoms can save you from bankruptcy!

 

http://www.ajc.com/sports/content/metro/fayette/stories/2008/06/04/evander_holyfield.html

Evander Holyfield behind in child support

Court petition says he owes $6,000


By

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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

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Superior Court.

Toi Irvin, who lives in

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, said she was told by Holyfield's representatives not to expect the payments — $6,000 total — for May and June.



"It wasn't so much that he didn't pay," said Irvin's attorney, Randy Kessler. "She was told they didn't know if she would be paid at all."

The former heavyweight champion appears to be in serious financial trouble. His palatial estate in

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is under

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, 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.

Holyfield, 45, declined to comment on the child-support allegations and the

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. 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."

 

Every time he divorces his money halves...poor guy.

 

Worthy of your double post.

 

I just read that too and thats ****ing crazy.

 

Can't blame anybody but himself.

 

:rofl :rofl

 

agreed.

I kinds fell it's deserved for all his preaching anf hypocricy down the years.

 

It is shocking that someone who has earned as much as Evander during his career, can be facing financial difficulties. He only has himself to blame for failing to grasp what little 'financial prudence' is necessary for a multi-millionaire.

 

Him and Tyson should move in together. They can run a bead and breakfast and Holyfield can read bible passages to everyone while Tyson just looks on with a creepy smile. Place would would be booked up for years!!!