Evander Holyfield's money problems

Quote :

Good news: Boxing legend Evander Holyfield recently sold his house for $7,500,000!!!

Bad news: It was at a public auction, he actually owes the bank twice that amount ... and he also owes over $200,000 in back taxes.

According to documents filed in Georgia, Holyfield's massive mansion -- 54,000 sq. ft on 234 acres -- outside Atlanta sold at public auction on March 6 ... but part of the money will go directly to Uncle Sam to pay off his back tax bill.

As for the rest ... according to the documents, Holyfield owed more than $14,000,000 on the house -- plus more than $2500 in foreclosure expenses. It's unclear whether the bank is going after him for the balance.

Calls to Holyfield's rep were not returned.

http://www.boxingscene.com/holyfields-house-sells-7-million-owes-14-million--53761

Terrible to hear this.

8 milli in debt but i'm sure he'll live in a much nicer home, live more comfortably, and eat better than the average american breaking even.

How much money was Michael Jackson in debt when he died? he was legally broker than me, but there he was..in a mansion having some doctor to the stars pumping him up with shit.

I have yet to hear about the celebrity who is millions in debt and completely broke...actually be broke.

I do know how they maintain their lifestyle despite being broke...still funny.

KingsOwn19 wrote:

8 milli in debt but i'm sure he'll live in a much nicer home, live more comfortably, and eat better than the average american breaking even.

How much money was Michael Jackson in debt when he died? he was legally broker than me, but there he was..in a mansion having some doctor to the stars pumping him up with shit.

I have yet to hear about the celebrity who is millions in debt and completely broke...actually be broke.

I do know how they maintain their lifestyle despite being broke...still funny.

I don't know about living better than the average American old Evander has alot of child support to pay, he's fathered something like 11 offspring with different women.

The man is a stallion.

KingsOwn19 wrote:

8 milli in debt but i'm sure he'll live in a much nicer home, live more comfortably, and eat better than the average american breaking even.

How much money was Michael Jackson in debt when he died? he was legally broker than me, but there he was..in a mansion having some doctor to the stars pumping him up with shit.

I have yet to hear about the celebrity who is millions in debt and completely broke...actually be broke.

I do know how they maintain their lifestyle despite being broke...still funny.

I agree with this.

this is why you don't build a 45 million dollar home.

Birdofthad wrote:

this is why you don't build a 45 million dollar home.

Damn 45 mil????

Look it up after he beat tyson in frst fight he started building his dream
Mansion it's has 40+ rooms

Birdofthad wrote:

Look it up after he beat tyson in frst fight he started building his dream
Mansion it's has 40+ rooms

Thats just nuts.

54,000 sq ft. When he fought in Dallas like 4 years ago I saw his entire entourage buying up the galleria mall there was at least 60 of them

Birdofthad wrote:

54,000 sq ft. When he fought in Dallas like 4 years ago I saw his entire entourage buying up the galleria mall there was at least 60 of them

Sounds like good friends

They were all old honestly

Birdofthad wrote:

Look it up after he beat tyson in frst fight he started building his dream
Mansion it's has 40+ rooms

lol fucking hell that's ridiculous.

Ali wrote:

Birdofthad wrote:

Look it up after he beat tyson in frst fight he started building his dream
Mansion it's has 40+ rooms

lol fucking hell that's ridiculous.

Yes it is.

In today's housing market his house is valued between 10 and 12 million

Birdofthad wrote:

In today's housing market his house is valued between 10 and 12 million

Ouch.