With just one day to spare, the 54,000-square-foot mansion of former four-time heavyweight professional boxing champion, Evander Holyfield, in Atlanta, Ga., has been rescued from a public foreclosure auction that was scheduled for tomorrow (July 7, 2009).
Holyfield has been fighting to keep the 109-room home, which includes 17 bathrooms, three kitchens and a bowling alley, among other luxurious amenities, for almost a full year.
It now appears that he has struck a deal with mortgage holder JP Morgan Chase & Company to stay put; however, he must pay back the entire $10 million loan on the 104-acre estate no later than Aug. 4, 2009.
Holyfield has made millions throughout his career as a prize fighter.
In fact, he pocketed a cool $34 million just to go toe-to-toe with Mike Tyson back in 1997 in what is now referred to as “The Bite Fight.” All told it is estimated that Holyfield earned an estimated $250 million in the ring throughout his career, which excludes endorsements, sponsorships, appearance fees, etc.
His agent, Jerry Schaffer, recently informed 11Alive.com that his client “is working on several projects right now, including a comeback fight,” details of which should be announced in the next 60 days.
The 46-year-old slugger — who has also faced a public battle over late child support payments in the past (he has 11 offspring) — doesn’t appear to have that much time … especially if he doesn’t have $10 million at his fingertips.
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