Comments Thread For: Holyfield's House Sells For $7 Million, But Owes $14 Million

[I Love Jesus!]

A story will be made about it.

Floyd critics: He's doing this for media attention, he wants to look like the good guy. God, I hate Floyd doing good deeds


That's exactly the reason I talk crap about Pacquiao with his "good" deeds. Tired of the 90% of whack Pac fans hating on Floyd for every good thing he does outside of the ring.

Like that time he put a vicious beating on his girlfriend in front of his kids. Then told them he'd beat them senseless if they told. Classic Mayweather

[edgarg]

I'm very thankful and am not complaining one bit.

I'm just saying I still need to budget my money.

Some people are reckless when it comes to spending. Alot of people call me cheap because I budget my money.

My whole theory is if MC Hammer, Tyson, and Iverson can go broke, so can I.

My other theory is it's not how much you make, but how much you spend.

You could be making 30 k a year, but if you're only spending 15k a year and saving 15k in the bank, you might be better off than someone making 80k a year and spending 75k a year.

I think there's a flaw somewhere. I can't see that living at a level of $15,000 is better, or even close to the way life would be at a $75,000 level. The one saving might be that a $15 thou lifestyle is not expected to join and partake of more expensive pastimes.

[edgarg]

You're making 10-20mil a fight in the prime of your career...probably totaling over $200mil for your entire career...

I can't see how a $300,000-$600,000 house, a nice $20,000-$30,000 semi luxury car, cable & internet, a gym membership, and peapod grocery service, a couple mil per child set aside for their future/college when they turn 18 or 21, savings for boxing retirement, supporting a charity or organization etc isn't enough.

It's just hard to think about squandering so much money...but hey, people get caught up in "the life" I guess...

We know that he's a fool, because of his 11 children and his huge (won't call it a house) edifice. I don't recall who his promoter was during his main money-making years. If it was Don King, then we know where most of the money went.

[I Love Jesus!]

We know that he's a fool, because of his 11 children and his huge (won't call it a house) edifice. I don't recall who his promoter was during his main money-making years. If it was Don King, then we know where most of the money went.

lou duva.....

[Southpaw Stinger]

An accountant you can trust and an honest friend to remind you to keep it real. Something most of these boxers need.

[joe strong]

This never should have happened; Holyfield goin broke. He was earning $10 million paydays in the early 90's and made some huge purses from his fights with Tyson. He, and his family, should be set for life - many times over.

he was making 20-30 million \fight when he was undisputed & that's just the purse not including PPV money. he squandered over 400 million. he gets what he deserves...

[joe strong]

We know that he's a fool, because of his 11 children and his huge (won't call it a house) edifice. I don't recall who his promoter was during his main money-making years. If it was Don King, then we know where most of the money went.

king promoted him for a few years but so did the duvas, etc...he made over 400 million & blew it all!

[Furn]

Unfortunately retired boxers with money are rare. It amazing to think Tyson, Holyfield and Bowe have nothing. DLH, Lennox and Foreman are loaded but they are the exception rather than the rule.

Wouldn't be surprised to see Floyd and Pac broke at some stage.

Maybe some sort of superannuation, pension fund is needed. Take 10% of all purses and invest it and you can't get it til your 50 or something.

[Medved]

Holyfield a breeder, dude has like 89 children.....horrible money management + 30 baby mama's = money gone quick..

When these guy's retire they dont realize they cant live the baller lifestyle. you cant continue making 20k monthly payments when your only job is charging $20 for fans to take pics with you.......

No respects for bums like this who were blessed to use their talents to make 10000x more money than any of us will make in our lives and blow it. Dude will be on welfare soon smh.......

[arraamis]

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.
[Click Here To Read More]

What's even more absurd is that when Holyfield brought that house, the bank actually only had to have 1+% of the value loaned on the books. But he's on the hook for the full amount and the house is sold underpriced in a down-turning housing market.

Imagine how much money he actually paid for that house, Principal + Interest. Shame so many get scammed by this corrupt banking system ...