Former heavyweight boxing champ recently lost his sprawling $10 million dollar mansion to foreclosure. The 54,000 sq. ft. Fayetteville, Georgia mansion sold at a loss for $7.5 million on the courthouse steps on March 6, according to TMZ.com.
According to his senior advisor, Holyfield was “confident that an amiable agreement” would be reached so he could stay in his home that was fit for a king. But he lost that fight. So today was moving day.
A loyal reader snapped a pic of Holyfield’s prized 1984 Corvette secured to the back of a tow truck rolling down Jonesboro road just moments ago. Meanwhile, back at the ranch, my spy spotted eight huge 18-wheelers parked on the property. Moving men were busy loading the trucks with Holyfield’s worldly possessions.
There’s no word on where Holyfield is moving to.
My reader initially thought the IRS was cleaning Holyfield out. But the towing company, Rhino Auto Towing, are in the business of transporting, not repossessing autos to relieve tax liabilities.
The mansion was snapped up by JP Morgan bank which held the mortgage. A portion of the sale will go toward Holyfield’s $250,000 tax bill to the IRS.
Holyfield owed more than $14 million dollars on the house — plus $2500 in foreclosure costs. The mansion boasts 109 room and sits on 235 acres which includes 2 private lakes and a baseball field. The crib even comes with a designer address — Evander Holyfield highway.
In addition to numerous close calls with foreclosures in the past, Holyfield still owes $320,000 in late child support payments. He is no longer a heavyweight contender but, according to Wikipedia, Holyfield has at least 11 mouths to feed.