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Holyfield's House Sells For $7 Million, But Owes $14 Million - Boxing News
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 Last update:  6/8/2012       Read more by TMZ         
   
Holyfield's House Sells For $7 Million, But Owes $14 Million
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By TMZ

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.

Tags: Evander Holyfield


 

 User Comments and Feedback (must register to comment)

comment by 1mb11, on 06-09-2012
I told Evander that watching Brewster’s Millions was not sound financial plan!

comment by 1mb11, on 06-09-2012
"People don't know the problems and pressures that come with 100 million dollars" (sobbing) -- scene from movie Jerry Maguire

comment by CHOWWOKKA, on 06-09-2012
[QUOTE=RossCA]Same thing will happen to Mayweather, and even faster because of his gambling.[/QUOTE] Floyd isn't the one with a 2 million dollar gambling debt...

comment by edgarg, on 06-09-2012
[QUOTE=Davis40]lou duva.....[/QUOTE] And Duva looks as if he drives a truck for a living. But they spun of Main Events I think. maybe Holyfield unknowingly paid for some of that.

comment by Carpe Diem, on 06-08-2012
I know some members on here are quick to make it look as if it's a "black" thing, but it has nothing to do with race. It's a choice thing. Let's compare Nicholas Cage and Morgan Freeman for instance. Cage chose to lived the lavish lifestyle and ended up owed millions in taxes, ect. Whereas, Morga...

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