Holyfield’s Fayette mansion sells for $7.5 million

(Jason Getz, jgetz@ajc.com)

(Jason Getz, jgetz@ajc.com)

(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.

(Commenting closed)

71 comments Add your comment

Jim S.

June 8th, 2012
5:26 pm

It’s just a sad situation. If you look at the actions being taken by former NFL players relating to concussion related problems, you have to know that those engaged in the ’sweet science’, particularly a warrior like Evander, took a hell of a pounding during their careers. You have to wonder the effect this has had on him with regard to his decision making over the years. I wish him the best and hope he pulls through this.

Don Vito

June 8th, 2012
5:31 pm

Oh PLEASE. Its not sad, its pathetically predictable. And its got NOTHING to do with head trauma or any other lame liberal excuse for bad behavior and bad decisions. 70% of pro athletes are bankrupt 5 years after retirement… and its because they’ve been cocconed in a bubble of praise and worship since they were 10, which makes it impossible for them to make decisions or act pragmatically. On top of that, they’re usually just plain stupid folks surrounded by stupid friends and family who make it worse. Just think about it… he earned $200M+ during his career and doesnt have a dime to show for it. That’s being STUPID, not concussed too many times. For once, make these geniuses own up to their stupid behavior instead of ONCE AGAIN cutting them a break for their actions. Mama mia!!

MeaneyMouse

June 8th, 2012
5:32 pm

I don’t feel sorry for him. He blew it. I make <$40k annually and my own my home and have $0debt.

linda

June 8th, 2012
5:35 pm

IS THIS THE HOUSE WHERE TVD IS MADE

Frank Furter

June 8th, 2012
5:36 pm

Jack Jackson

June 8th, 2012
5:40 pm

The ability to run fast, jump high or punch hard does not also make a person intelligent. It’s not the blows to the head either. The majority of lottery winners go broke and no one ever popped them in the noggin. He made poor decisions and now he is paying the price.

Jim S is informed

June 8th, 2012
5:48 pm

Three letters: CTE

Bell Bottoms

June 8th, 2012
5:49 pm

@Jack Jacson, well said! Who needs that much house? He will probably never admit that this was a terrible business decision. What a fool!!

DU WHUT!?

June 8th, 2012
5:53 pm

Zombies are everywhere!!!! watch out…..

David Granger

June 8th, 2012
5:53 pm

I just hope Evander has enough sense…having learned a hard lesson…that he needs to pay off his bills, put the rest in the bank…and then go to court and try to get his child support reduced a little.

Joe Hill

June 8th, 2012
5:57 pm

Bell

June 8th, 2012
5:59 pm

Was even Tyson this stupid?

Gwendolyn Stone

June 8th, 2012
6:01 pm

It’s unfortunate that when people make money they don’t look to the future as one day not having these assets. They never think to pay their bills so many years in adavance -at least 5- ensuring the kids, utilities, mortgages, etc. will be set. They should put the child support in an account that dispurses the checks each month. What is the mortgage payment? I met Evander in the $ Tree on Old National Highway buying some picture frames for an event that he was presenting to some kids, Duh! I often wonder what I would do if I had millions of dollars. I would take my own advice. Prime examples: Terrell Owens and Dennis Rodman. It was cheaper to buy protection than to now be behind the eight ball in child support, huh? When are you going to learn?

the truth

June 8th, 2012
6:02 pm

First thing he should have been told it the easy way for a woman to get rich is to have a kid by a wealthy athlete and get child support well beyond the amount necessary to support a child. Use a condom. 1 mistake, ok…12 mistakes..hate it for you.

Mister.Earl

June 8th, 2012
6:05 pm

Wasn’t Neil Boortz one of Evander’s trusted advisors?

What happened to that “friendship”?

One would think that if he cared, the brilliant Mr Boortz would have advised his client better. No matter what happened to the relationship. Jus’ sayin’

Luther

June 8th, 2012
6:17 pm

Well, I guess Holyfield needs to celebrate…I just passed him walking through Excalibur Casino here in Vegas…

Calvin G. Sims, Sr.

June 8th, 2012
6:46 pm

Jim S.

June 8th, 2012
5:26 pm

I’m sorry Jim S, you can’t beat character into a person, nor can you beat it out of them. A concussion cannot cause a lack of character. You either have it or you don’t. And if you have it, you take it to your grave.

Go Falcons

emoney

June 8th, 2012
6:50 pm

evander gonn use some of that money to pay off all his baby mamas?? they want more money—they like expensive stuff

real deal

June 8th, 2012
6:52 pm

luther…………look behind you…aaaahhhhhhhhhhhh

real deal

June 8th, 2012
6:52 pm

luther…………look behind you…aaaahhhhhhhhhhhh

real deal

June 8th, 2012
6:53 pm

luther look behind you……..

kerrrrr….powwwww

Calvin G. Sims, Sr.

June 8th, 2012
6:56 pm

Mister.Earl

June 8th, 2012
6:05 pm

The main reason the Boortz/Holyfield “Friendship” ended is because Evander repeatedly ignored sound advice from Boortz and other good sources. The moral of this story is:

You can lead a horse to water, but you can’t make him drink.
You can give an idiot sound advice, but you can’t make him think.

Go Falcons!!

smart dawg

June 8th, 2012
7:01 pm

The headline “Holyfield sells home” is misleading. It was sold at auction as per the article. David Granger (above) apparently did not read the article when he talked about “banking the rest”. Huh? It sold for 7.5 mil, he owes 14 mil. He won’t see a dime of the 7.5. He’s basically homeless. Maybe he can move in with Creflo. Maybe Creflo will let him drive the Rolls which Evander gave to Creflo a few years ago.
Mister Earl, Boortz talked about the time when he advised Evander. The problem was Evander just wanted yes men to tell him how great he was. He wouldn’t listen to advice.

Fred ™

June 8th, 2012
7:10 pm

Mister.Earl

June 8th, 2012
6:05 pm

Wasn’t Neil Boortz one of Evander’s trusted advisors?

What happened to that “friendship”?

One would think that if he cared, the brilliant Mr Boortz would have advised his client better. No matter what happened to the relationship. Jus’ sayin’
++++++++++++++++++++++++++++++

Neal cheated Evander to the Max and bragged about their “relationship.” When Bill Cambell called him on it Neal called Bill and SOB and tossed him off his show and never let him back on.

What a sad day, I built that thing. It cost over 25 million. The property alone is awesome.

Oh well.

LOL Bill Campbell ate boortz’s ass. Boortz has made sure that all copies have been deleted…….

what a joke

June 8th, 2012
7:14 pm

I gave Creflo his Concord Jet also, not just a Rolls Royce. Creflo just got out of jail today. He can let his broke friend crash at his mansion. I think the buyer was Tyler Perry (smh).

Tap Out

June 8th, 2012
7:33 pm

eddy and gunga din are secret cross-dressing lovers who wanted the estate for their sordid parties.

Redbird 1980

June 8th, 2012
7:37 pm

The biggest problem he faced was that he trusted all of the wrong people. He did not allow people that had his best interest at heart to work for him, or place anybody in his corner to watch the so called advisers. He even treated the majority of his high school classmates like dirt. Now somebody in the class may have to give him a job or somewhere to sleep.

Richard Simmons

June 8th, 2012
7:41 pm

Henry, call me.

ATL4Life

June 8th, 2012
7:46 pm

Fred, ur a moron and a liar. The house didn’t cost anything close to “25mil to build.”

flyguy

June 8th, 2012
8:03 pm

ATL4life you are sadly misinformed at the time Evanders house was built it was said to have cost $20 million

smart dawg

June 8th, 2012
8:20 pm

Evander had the opportunity to sell a chunk of the property, away from the house at the intersection of 279/138, but would not do so. He could have vastly improved his finances but did not want to lose his “trophy” land. Not to worry—some winsome lady will welcome him to her house.

Bunnie

June 8th, 2012
8:43 pm

Okay, the title to this article is COMPLETELY misleading. If his house was ’sold’ at ‘public auction’ then HE didn’t sell it — he lost it to foreclosure. Why anyone needs a 109-room in that area of Fayetteville is beyond?

mamaj

June 8th, 2012
8:46 pm

Of all the things to offer a blog about, one always wants to make sure that every unfortunate thing that happens to any Black person with or without any kind of celebrity status, be offered up to ridicule, jokes, half-a$$,unsubstantiated truths–anything short of a public flogging. I’m sure the next one will be about Creflo and his daughter. I’d be more interested in blogging about the Black man that was on his break at the Walmart, also in Fayette Co.,.that was viciously attacked by a police dog, supposedly locked in his SUV. Since the door is operated by remote, it was stated that a child was probably playing with a garage door opener—at 2A.M!!

kDog

June 8th, 2012
8:55 pm

Holyfield will be on the side of the highway with a sign, will fight for food, or please chip in to help me out. This guy is a disgrace, 12 children, wasted his finances, and who needs a 109 room house? Only a idiot and the saying goes a fool and his money are soon departed from each other.

GIVE ME A BREAK

June 8th, 2012
9:00 pm

Evander who ?

Ron Mexico

June 8th, 2012
9:11 pm

just bad luck, can’t believe this happened to him thru no fault of his own. dern economy…..

Future

June 8th, 2012
9:21 pm

Too many people today in the entertainment business end up like this..thinking the money is going to last forever and keeping a lifestyle that usually cost more than the house they live in annually.. Even Justin Bieber needs to be careful at 18 120 million can be 120,000 by 45.

joe in tucker

June 8th, 2012
9:28 pm

hey Fred – I’m sure Neil was worried about Campbell while he sat in jail for being a crook!! ROFLAMO

Hoohaa tickler

June 8th, 2012
9:36 pm

Stupid ignorant man had his brains bashed in….when he shouldve had his nuts cut off instead.

Georgia Peach

June 8th, 2012
9:48 pm

To eddy,
Your an A??

Arbuck

June 8th, 2012
10:09 pm

1st this house is no where near Fairburn, it located on the Clayton/Fulton county line next to the ghetto. 2nd , these are problems of his own making. He made millions and chose to build a monument to his own stupidity. The man is/was a great athelete but he has made MANY poor choices.

A.S. Mathew

June 8th, 2012
10:14 pm

Mike Tyson had 300 million but broke. Many of the lottery winners are bankrupt. When people make money through their regular jobs, they appreciate the value of the hard-earned money and use it wisely, but for the sport people, they get by the millions and totally confused about the wise and proper use of money, and finally end up in red ink.

outspoken1

June 8th, 2012
10:27 pm

WHO CARES?????

vuduchld

June 8th, 2012
10:31 pm

Evander Holyfield can now be added to the myraid of bankrupt Jawjians like the current gubner of your pathetic state. When will you idiots realize that the party was over long ago. You clowns continue to be posers for stupidity and ignorance. Black, white, it doesn’t matter, you folks are dumba$$es, plain and simple. Me, I think it’s funny because it’s only going to get worse for you pilgrims.

Truth-O-Meter

June 9th, 2012
9:43 am

There are a lot of haters on this page. Bigots also. Evander is hardly a representation of ALL Black men, any more than I would image Elvis or Charlie Daniels are representations of all whites. Yet many, Eddy@6:52pm in particular, managed to ascribe behavior of this one man whom the vast majority of Blacks will never see let alone meet, to every Black person. It’s pathetic, and the epitome of narrow-mindedness.

Like the writer who said he earns $40/year, has 0 debt and owns his home, there are many Blacks that live the same. He’s a smart guy and is proof that everyone does not want to be rich, but many want to earn a living and enjoy life as they see fit. Wealth is measured in more ways than one’s bank account. Many with 0-debt can sleep better than the guy with the large bank account and they were insulted when Herman Cain said, “If you are not rich, blame yourself.”

I can’t see the point of owning a 109 room mansion, but neither can I see the point of having an elevator for your cars, owning a jet as an individual__even if you can afford those items. But it’s not my money and I don’t get to tell others how to spend their money. That’s a conservative principle that seems to have escaped many who are posting comments on the subject.

DStoughton

June 9th, 2012
9:54 am

Evander was top dog in his sport. He built his home around the most beautiful and recognizable piece of land in Fayetteville at that time. Personally, I thought the home that existed was good enough but he was living with vast amounts of money at a time of great extremes. He was not a bank executive, or a wall st guru, he was an entertainer. He had appearances to uphold, at his detriment. It is time for the many people he has undoubtedly helped during his time of fortune to come to his aid as all of us should do within our own lives. He created 12 children, he professes love for them. His love and support is all they need. Good for him and God bless his entire family, I hope the mothers of all the children find a way to come together and share the good this world has to offer. And all the comments about Neal, hahahaha…… if we all listened to Neal we may be a little better off. but who ever listens to a know it all???

Uhhnu

June 9th, 2012
10:16 am

Perfect cautionary tale – jus’ like our current Pres. and Congress. Spend it like there is no tomorrow. Gues what-today is tomorrow.

Robert

June 9th, 2012
10:18 am

Let me tell all of you what the problem is/was. If you reseach, you will find that 90 percent
of the guys/ gals who go broke never talk investing in anything. They just spend. It’s
ok to have 109 rooms, if you have someone/something paying for it!!!!!!!!!

bronco

June 9th, 2012
10:31 am

Sounds like he needs a Mona Vie distributorship

Neal Boortz

June 9th, 2012
10:38 am

O.J., Evander, Creflo…role models all !