HOLLYWOOD, FL - JUNE 22: Evander Holyfield arrives at Don King Tribute at Seminole Hard Rock Hotel on June 22, 2012 in Hollywood, Florida. (Photo by Larry Marano/Getty Images)
Boxer Evander Holyfield was forced to move out of his foreclosed home just outside of Atlanta yesterday. Reports say that Holyfield is in more than $14 million dollars worth of debt and he can’t afford to pay for the 54,000-square-foot mansion. NewsOne reports:
Boxing great Evander Holyfield (pictured) is down for the count, after he was forced to move out of his 54,000-square-foot mansion for being unable to satisfy a whopping debt of more than $14 million that was owed to them on the home, reports TMZ.
The palatial estate, which is located outside of Atlanta, was recently sold for a reported $7.5 million. The boxing great’s famed home had been in and out of foreclosure throughout the years. Holyfield, now 50, has had money troubles ranging from his child support nonpayment issues for his 11 children to making the IRS deadbeat list for delinquent taxes to divorce to bad money management moves and even owing exorbitant amounts for services like a 2008 landscaping bill, where he was hit with a $500,000 lawsuit.
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