Foreclosure Punches Evander Holyfield

June 6, 2008 RSS Feed Print
  • Comment (13)

The first legitimate challenge to Jose Canseco's title as America's least-sympathetic housing crisis victim comes from a man who is no stranger to duking it out: former heavyweight champion Evander "the Real Deal" Holyfield.

According to the Atlanta Journal-Constitution:

The former heavyweight champion appears to be in serious financial trouble. His palatial estate in Fayette County is under foreclosure, 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.

The news comes just days after word broke that former Tonight Show sidekick Ed McMahon is battling foreclosure and weeks after we learned that NBA star Latrell Sprewell faces similar headaches. Even more bad news on Holyfield comes from gossip peddler TMZ, which reports that "he's being sued for allegedly defaulting on a $550,000 landscaping bill."

Now I'm all for stiffing the lawn boy—but $550,000? Does he have Justin Timberlake out there or something?

Let's turn to the finances. While we are unable to conduct a complete financial audit, the Atlanta Journal-Constitution reports that Holyfield made $34 million for his 1997 bout with Mike Tyson—yep, the ear-biting match. And TMZ says he has made more than $200 million from boxing.

Still, in an admittedly-split decision, I just don't think Holyfield has enough juice to take down Canseco—who reportedly decided to walk away from his home, which was declining in value.

So here's my scorecard (as of today, at least)—from least sympathetic to most:

  1. Canseco
  2. Holyfield
  3. Sprewell
  4. McMahon

 

Anybody got anything different?

Tags:
foreclosures,
housing

Reader Comments Read all comments (13)

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Instead of trying to look good for your friends, you should be looking to the futer for your children and self. Try doing something worth while instead of just blowing money on stupid stuff, like a $10million home. Give me a break!

of 2:38PM September 21, 2008

Hey Luke Mullins!

What do you mean by "Now I'm all for stiffing the lawn boy—but $550,000? Does he have Justin Timberlake out there or something?"

Are you saying it is ok to stiff the little guy? And you are all for it? What kind of piece of over educated garbage are you to stiff anyone? So a dude who works all day makin' your little house on the prarie pretty should get dumped when it comes time for you to write checks?

Or ........ Ohhhhhh, I just re-read your statement. You meant STIFF the lawn boy as in stiffy!! So u wanna STIFF the lawn boy eh? On a tractor, or just while he is mowing? Give a whole new meaning to 'seeding the lawn' eh?

You piece of overpaid junk! How dare you stiff anyone!!

Go get a job.

JR from PR of NY 12:53AM June 10, 2008

no one wants to hear pages and pages of gossip like this if we did we would read the enquirer or some other garbage

ora of FL 12:34AM June 10, 2008

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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