(Updated 7:46 p.m.)
Former heavyweight boxer Evander Holyfield has sold his Fayette County mansion, a senior advisor confirmed to The Atlanta Journal-Constitution on Friday.
The entertainment site TMZ reported Friday that Holyfield sold the mansion on Evander Holyfield Highway near Fairburn for $7.5 million on March 6, citing documents filed with the state of Georgia.
While not providing financial details, Tony Tortorici, the boxer’s senior advisor, said the Fayette home was purchased by J.P. Morgan Chase, “technically as part of a foreclosure. However, Evander continues to live in the house while options are being pursued. He is confident that an amiable agreement will be reached soon to resolve this situation.”
The advisor said Holyfield was traveling and unavailable for comment.
The sale ends Holyfield’s ownership of a palatial estate on State Highway 279. The mansion has been among the sources of the boxer’s financial problems, which also include constant court battles over child support payments.
TMZ said the home was sold at public auction and that part of the proceeds will go toward settling back federal taxes. The entertainment site said Holyfield owes more than $14 million on the house.
“Evander Holyfield’s personal financial situation is complicated,” Tortorici told the AJC in response to a list a questions submitted to him via email. “He and his closest friends and advisors are working together to resolve these issues as quickly as possible.”
The 109-room mansion near Fairburn sits on 235 acres. It features a bowling alley and theater. In a 2009 AJC interview, Holyfield said it cost more than $1 million annually to maintain. An Atlanta Magazine article last year said 2010 taxes on Holyfield’s mansion was more than $155,000 and the electricity bill was an “occasional $17,000.”
Holyfield also has been beset with child support claims. He has been sued for thousands of dollars in lapsed child support payments. The same Atlanta Magazine article said Holyfield owes “cumulative child support payments in the $500,000 range.”
Holyfield, who has 12 children by six women, has battled child support cases in Georgia, Texas and California. He has fought to renegotiate the payments, arguing that his income has fallen off since he left the ring, although he has been attempting a comeback.
“As for claims related to child support payments, Evander denied that any of his children have ever been denied anything that they wanted,” Tortorici told the AJC on Friday. “He recently was quoted as saying, ‘I love my kids and my kids love me. They have been well provided for and have never been deprived of anything. There is no closer bond between a father and his children than I have with my kids and no amount of irresponsible allegations can change that.’ ”
According to a bio on his website, Holyfield made more than $230 million in the boxing ring.