Evander Holyfield has been evicted from his Georgia mansion, following a tense battle with JP Morgan Chase to keep the 109 room estate south of Atlanta.
On Tuesday, however, The Florida Times-Union reports that moving trucks rolled through the estate’s gates, drove past statues of lions and pulled up to the mansion’s front doors. By nightfall, all of Holyfield’s possessions, including memorabilia from his reign as the world champion boxer and furniture were gone, leaving the 54,000 square foot home empty.
A foreclosed sign sat in the front lawn, proclaiming to everyone who drove by that the former boxer is just the next celebrity sports star to lose their home after failing to properly manage their millions.
While The Florida Times-Union notes that Holyfield has made more than $250 million, he was unable to finish paying off the $14 million he still owed Chase.
Greg Hassell, JP Morgan Chase spokesperson stated, according to The Examiner , that:
“We’ve worked with Mr. Holyfield to give him several months to move; he’s in the process of relocating and we’ve brought in additional resources to move the process forward.”
With child support payments out the rear (Evander Holyfield has at least 11 children), as well as a mansion that took more than $1 million per year to maintain, it’s not surprising that the former world champion boxer is having money issues.
News One reports that Holyfield’s former home recently sold for $7.5 million, closing another chapter in the former boxer’s life. Now, Holyfield will be focused on other money troubles, like the lawsuit filed in June by one of his baby mommas saying he owes $300,000 in back child support.
The 50-year-old retired boxer is not new to money troubles, having previously made the IRS deadbeat list for delinquent taxes, been hit with divorce settlements, and gone through a string of bad money management, which landed him in hot water when he was hit with a $500,000 lawsuit over a 2008 landscaping bill.
As for where Evander Holyfield will make his home now? Mum’s the word on that one, so far.
[iframe src=”http://www.youtube.com/embed/E72Vz55cDbI” width=”560? height=”315?]
