Boxer Holyfield’s mansion sold; support, other issues still in flux

We last reported on developing news in former boxing champion Evander Holyfield’s child support dispute with the Georgia Department of Human Services (GDHS) in our June 11 blog post.

As we noted therein, Holyfield has had continuing and long-term difficulties keeping current with the payment obligations he owes for several of the 12 children he has fathered with different women. He is more than $370,000 in arrears in child support for one of his daughters, 18-year-old Emani Holyfield, and the GDHS intervened in that matter last month by suing him for failure to pay and requesting that he be arrested and jailed, with attendant garnishment of his wages.

Holyfield has consistently cited a number of financial limitations that preclude him from following through on his legal support and other duties. High on the list is the greatly diminished income he has realized from retiring from the ring, which has been coupled with a notably lavish living style that reportedly has seen him squander nearly $200 million earned during his boxing career.

As to where child support money might come from, that is uncertain. One key development that recently surfaced concerning Holyfield’s financial situation was the sale of Holyfield’s storied Georgia mansion last month to JP Morgan Chase. The price tag for the home was $7.5 million, with Holyfield reportedly still owing more than $14 million on it.

Holyfield lost the home — which is truly enormous, at 54,000 square feet, with 109 rooms, 17 baths, three kitchens and an Olympic-sized swimming pool, all on 235 acres of land — after falling behind on his mortgage payments.

Source: Examiner, “What’s next for Evander Holyfield, whose foreclosed mansion sold for $7.5 million?” Valeri Reaves, July 11, 2012

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