Sunday, June 08, 2008

Ed, Ted...now Evander?

It really does happen in three's...
Boxing star Evander Holyfield is fighting back against several reports that he's having financial problems after news was leaked that his 109-room mansion was in foreclosure. Reports also stated that he's behind in child support.
Holyfield is denying the reports, though, saying that he's not broke and that he's always taken care of his kids.
A foreclosure notice was published Wednesday on the 235 acres Holyfield owns. He'll have to make a full repayment of a $10 million loan.
As for Holyfield, he said "...everything is alright with the house now." Though it's been reported that he has also taken out two additional mortgages totaling over $5 million.

Making matters it worse, the mother of one of his eleven kids has filed a petition for contempt claiming that Holyfield is behind on child support.
An attorney for the mother said, "I would've liked to have seen him take care of his child support obligations before worrying about his house. If he hasn't made the proper arrangements by then, we'll ask that he be incarcerated."

Holyfield is also getting sued by a Utah consulting firm that claims he needs to repay a $550,000 loan. The lawsuit was filed two weeks ago and alleges Holyfield borrowed the money to pay for landscaping on his estate.
more HERE

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