“I’m not broke. I’m just not liquid,” insists former heavyweight world champion Evander Holyfield, trying to make a distinction to the Atlanta Journal-Constitution‘s Christian Boone and Jeff Schultz that some of my creditors have historically failed to recognize.
Holyfield appeared on the verge of losing his home, which sits on 235 acres just south of the Fulton County line, after a foreclosure notice appeared in Wednesday’s Fayette Daily News. Lien holder Washington Mutual, demanding full repayment of a $10 million loan, had scheduled an auction on July 1.
On Friday, Philip Hasty, an attorney for Shapiro & Swertfeger in Atlanta, the law firm representing Holyfield’s lending company, confirmed that the estate is no longer up for auction. Hasty said that the change happened Thursday morning but he declined to comment further.
Holyfield would not elaborate on the foreclosure listing but said “everything is alright with the house now.”
Holyfield’s former accountant, Sam Gainer, who was fired by the former world champion last fall, said he had advised his client to sell the estate, or at least some of the property.
“To attack that house in any way, or suggest he get rid of it … that’s just not going to fly with him,” said Gainer, though Holyfield has not said what his plans are for the property. The manor, completed nine years ago, has an appropriately grand address: Evander Holyfield Highway. It may not have its own area code, but the estate — worth an estimated $20 million — does have a bowling alley and movie theater.
“That’s his trophy, his symbol of success,” Gainer said of the home.
“I would’ve liked to have seen him take care of his child support obligations before worrying about his house,” said Randy Kessler, attorney for Toi Irvin, mother of 10-year-old Evan. Kessler expects a court date to be scheduled within 30 days,
“If he hasn’t made the proper arrangements by then, we’ll ask that he be incarcerated,” Kessler said.
While I do hope things work out well for Holyfield and the mothers of his children, it should be stressed that not every former professional boxer finds himself in financial hot water. For instance, we’ve not seen one item about Mitch “Blood” Green defaulting on an 8 figure loan.