Expect Holyfield to continue fighting

[Mitchell Kane]

Evander Holyfield behind in child support
Court petition says he owes $6,000

By CHRISTIAN BOONE
The Atlanta Journal-Constitution
Published on: 06/04/08
The mother of Evander Holyfield's 10-year-old son — one of 11 children he's fathered — says the boxing icon has missed two child-support payments, filing a petition for contempt in the Fayette County Superior Court.

Toi Irvin, who lives in Clayton County, said she was told by Holyfield's representatives not to expect the payments — $6,000 total — for May and June.

"It wasn't so much that he didn't pay," said Irvin's attorney, Randy Kessler. "She was told they didn't know if she would be paid at all."

The former heavyweight champion appears to be in serious financial trouble. His palatial estate in Fayette County is under foreclosure, according to a legal notice that appeared in a local newspaper, and is set to be auctioned by Washington Mutual Bank on July 1. The home is worth an estimated $10 million.

Holyfield, 45, declined to comment on the child-support allegations and the foreclosure. He is also being sued by a Utah consulting company for failing to repay a $550,000 loan.

The lawsuit, filed 15 days ago in U.S. District Court in Salt Lake City, said Holyfield borrowed the funds to pay for landscaping on his 235-acre estate.

Holyfield referred all questions to his attorney, Fred Gardner, who could not be reached for comment.

Kessler said his client also wants assurances that Holyfield has maintained a trust fund for Evan.

Holyfield has been trying to secure another heavyweight championship, last fighting on Oct. 13, 2007. He was defeated by Sultan Ibragimov, though he made it to the 12th round, and said he plans to fight again.

It's not known how much money Holyfield accrued over the years. though he received $34 million to fight Mike Tyson in the infamous ear-biting bout in 1997.

In his book, "Becoming Holyfield: A Fighter's Journey," the ex-champ wrote, "I'd made over $90 million in the short time [of the marriage to Janice] and, as things too often do, it came down to money because we didn't have a prenuptial agreement."

...

[steve_dave]

Jesus.

[dsimon3387]

dsimon writes:

Awful. Let me guess did Don King promote most of Holly's fights? :warning:

[Mitchell Kane]

dsimon writes:

Awful. Let me guess did Don King promote most of Holly's fights? :warning:

King should've written his pre-nups.

[royyjonesjrp4pno1]

Holy made some serious cheddar in his career.

Lennox Lewis should open a school on how to look after money and retire at the right time.

[cupey alto]

Why the fuck does he need to live in that fucking mansion. It's ridiculous. Get a normal house dick head!

Cupey

[Joe King]

God wanted Holyfield to be broke.

[dsimon3387]

King should've written his pre-nups.

dsimon writes:

Oh whether holly knows it or not King did. He definitely made it so Holly could contribute less to those wives and kids of his!

[Neil]

dsimon writes:

Oh whether holly knows it or not King did. He definitely made it so Holly could contribute less to those wives and kids of his!


I guess holyfield shouldve bypassed facing tyson to avoid being promoted by king??

is that what you wouldve done as his manager? :lol: wise career decision.

the guy made over 100 million dollars with king.

king wasn't hiding in the room with him and a half dozen of these skeezers, poking holes in condoms. king didn't buy a castle that costs millions to maintain.

[Neil]

God wanted Holyfield to be broke.

just as God must want you to be corpulent and celibate

[ElTerriblee]

To burn over a 100 million dollars takes a devoted person. :doh:

[dsimon3387]

I guess holyfield shouldve bypassed facing tyson to avoid being promoted by king??

is that what you wouldve done as his manager? :lol: wise career decision.

the guy made over 100 million dollars with king.

king wasn't hiding in the room with him and a half dozen of these skeezers, poking holes in condoms. king didn't buy a castle that costs millions to maintain.


dsimon writes:

No of course not. King was perfectly ethical, a real gentlemen. He even gave some extra money to Holly to be nice.

Grow up Neil. Are you one of those idiots that, now that time has passed, has decided its time to be a revisionist and revisit King? Aww look! there he is with the American and the nigerian flag too... what a swell guy.

What a scumbag (King not you).

[ElTerriblee]

dsimon writes:

No of course not. King was perfectly ethical, a real gentlemen. He even gave some extra money to Holly to be nice.

Grow up Neil. Are you one of those idiots that, now that time has passed, has decided its time to be a revisionist and revisit King? Aww look! there he is with the American and the nigerian flag too... what a swell guy.

What a scumbag (King not you).

Holyfield made over 100 million dollars. I wish some scumbag would rob me like that. I´d live of the interest for the rest of my life and still get 20 kids through college.

[Neil]

king will take advantage of those who let him . you need proper advisors/managers/lawyers who have your best interest in mind when dealing with a guy like king.

holyfield coming off the czyz fight wasn't exactly in a great position of leverage to make big money. he signed with king and fought tyson twice for 50+ million dollars, then lewis twice for another 40+mill.

but dsimon says king is a crook so forget all that, don't deal with him.

felix trinidad seems to be doing quite nicely for himself, despite being promoted by king his entire career.

[Xplosive]

As ironic as it sounds.... it seems Tyson may in fact be in better financial shape than Holy.:lol:

[Erratic]

This is what Holyfield's mansion looks like:

http://blackburnstudio.com/images/hstairs.jpeg
http://www.birdseyetourist.com/wp-content/uploads/2006/01/evander_holyfields_house.jpg
http://thumbsll.virtualglobetrotting.com/6/5/656.gif
http://farm2.static.flickr.com/1357/1347323711_3dd84eaa86.jpg?v=0
http://alt.coxnewsweb.com/cnishared/tools/shared/mediahub/09/26/79/slideshow_579269_holyfield1.jpg

[Mitchell Kane]

As ironic as it sounds.... it seems Tyson may in fact be in better financial shape than Holy.:lol:

I was thinking the same thing.

[Neil]

take solace in that, tyson fans. holyfield still beat him up when it counted

[royyjonesjrp4pno1]

This is what Holyfield's mansion looks like:

http://blackburnstudio.com/images/hstairs.jpeg
http://www.birdseyetourist.com/wp-content/uploads/2006/01/evander_holyfields_house.jpg
http://thumbsll.virtualglobetrotting.com/6/5/656.gif
http://farm2.static.flickr.com/1357/1347323711_3dd84eaa86.jpg?v=0
http://alt.coxnewsweb.com/cnishared/tools/shared/mediahub/09/26/79/slideshow_579269_holyfield1.jpg
Did look like.

[phonetap]

I guess holyfield shouldve bypassed facing tyson to avoid being promoted by king??

is that what you wouldve done as his manager? :lol: wise career decision.

the guy made over 100 million dollars with king.

king wasn't hiding in the room with him and a half dozen of these skeezers, poking holes in condoms. king didn't buy a castle that costs millions to maintain.

that was the problem, holyfield made it with king...how much of that (also taking taxes into consideration of course) did he take home. phonetap would be shocked if holy banked 20 million...

[Barristan]

that was the problem, holyfield made it with king...how much of that (also taking taxes into consideration of course) did he take home. phonetap would be shocked if holy banked 20 million...

Little exageration dont you think?...He banked alot more than 20 million

[Alabama_Man]

Yeah he banked a lot more than $20,000,000.

I actually agree with Neil, and Neil is usually very stupid. Working with Don King gets you paid. Yeah he takes a big chunk of it, but you don't see people getting involved in $100,000,000 type fights outside of King, and Arum.

[joony]

i remember reading an interview w/ peter mcneely on how he was still living off the money don paid him for the tyson fight.

some fighters are just too stupid when it comes to handling their finances.

[steve_dave]

i remember reading an interview w/ peter mcneely on how he was still living off the money don paid him for the tyson fight.

some fighters are just too stupid when it comes to handling their finances.

It isn't just fighters. People in general are complete idiots about everything.

[Neil]

that was the problem, holyfield made it with king...how much of that (also taking taxes into consideration of course) did he take home. phonetap would be shocked if holy banked 20 million...

you're giving king too much credit. otherwise you're suggesting holyfield had complete morons watching over his finances.

[Alabama_Man]

It isn't just fighters. People in general are complete idiots about everything.

Yeah, I hate people.

[steve_dave]

Yeah, I hate people.

Same.

[ElTerriblee]

So for all these years he kept fighting on, he wasn´t really a delusional retard, just a broke retard.

[Mitchell Kane]

So for all these years he kept fighting on, he wasn´t really a delusional retard, just a broke retard.

On the positive side, it does make him seem more rational. :lol:

[dsimon3387]

king will take advantage of those who let him . you need proper advisors/managers/lawyers who have your best interest in mind when dealing with a guy like king.

holyfield coming off the czyz fight wasn't exactly in a great position of leverage to make big money. he signed with king and fought tyson twice for 50+ million dollars, then lewis twice for another 40+mill.

but dsimon says king is a crook so forget all that, don't deal with him.

felix trinidad seems to be doing quite nicely for himself, despite being promoted by king his entire career.

dsimon writes:

Where did I say don't deal with King? The man is a crook that is what I said. One has to deal with King, they don't have a choice.

And Neil how much of that money went to Holly? and ideas about that? I am betting you don't know. The fact is that boxers with no sense of fiscal matters is what King wants for obvious reasons.

And then he has midget loving apologists like Neil to defend him when the said Boxer is victimized...and yeah Holly tripped over his own proverbial carpet, but guys like King are more than happy to give the carpet a little pull in the right direction.

[dsimon3387]

Holyfield made over 100 million dollars. I wish some scumbag would rob me like that. I´d live of the interest for the rest of my life and still get 20 kids through college.

dsimon writes:

Its just never that simple my friend. We learn that time and time again. The amount of money one makes will never guarantee anything in the long run. And a lot of the reason for this with boxers is because of a lot of people robbing them!

People like King, who obviously knows the value of a buck, could transfer that knowledge to fighters, but again it is in his best interest not to isn't it?

[dsimon3387]

that was the problem, holyfield made it with king...how much of that (also taking taxes into consideration of course) did he take home. phonetap would be shocked if holy banked 20 million...

dsimon writes:

Finally somoene with some sense regarding this matter.

And lets not forget that Holmes, a man who developed business smarts and came to understand how King's fees are structured flat out called King a crook before it was even fashionable to do so. Arum is no better BTW.

[ElTerriblee]

dsimon writes:

Its just never that simple my friend. We learn that time and time again. The amount of money one makes will never guarantee anything in the long run. And a lot of the reason for this with boxers is because of a lot of people robbing them!

Oh please. Take it to the bank and depending on the deposit rate, he´ll cash 2-4 million dollars worth of interest.

[Neil]

dsimon writes:

Where did I say don't deal with King? The man is a crook that is what I said. One has to deal with King, they don't have a choice.

And Neil how much of that money went to Holly? and ideas about that? I am betting you don't know. The fact is that boxers with no sense of fiscal matters is what King wants for obvious reasons.

And then he has midget loving apologists like Neil to defend him when the said Boxer is victimized...and yeah Holly tripped over his own proverbial carpet, but guys like King are more than happy to give the carpet a little pull in the right direction.

how many boxers out there are fiscal wizards?

they have guys to manage that aspect of their career. if the people they hire get swindled by king then it becomes the boxers responsibility to replace them.

I love people who whine and complain that king is robbing everyone and ruining boxing, when in fact the guy has promoted a majority of the greatest fights of all time.

the business of boxing isn't ethical or gentlemanly, and I challenge you to find any promoters who are.

you want to suggest holyfield (1 L not 2) didn't receive his entire purses from king, then prove it otherwise shut the fuck up. the nevada commission reports those figures for his major fights in vegas.

[Azazel]

This is what Holyfield's mansion looks like:

http://blackburnstudio.com/images/hstairs.jpeg
http://www.birdseyetourist.com/wp-content/uploads/2006/01/evander_holyfields_house.jpg
http://thumbsll.virtualglobetrotting.com/6/5/656.gif
http://farm2.static.flickr.com/1357/1347323711_3dd84eaa86.jpg?v=0
http://alt.coxnewsweb.com/cnishared/tools/shared/mediahub/09/26/79/slideshow_579269_holyfield1.jpg

:hammert::hammert:Paladio style, I like it

[Neil]

holmes doesn't seem too angry at how his career turned out with don king on friday night fights. go figure.

[dsimon3387]

how many boxers out there are fiscal wizards?

they have guys to manage that aspect of their career. if the people they hire get swindled by king then it becomes the boxers responsibility to replace them.

I love people who whine and complain that king is robbing everyone and ruining boxing, when in fact the guy has promoted a majority of the greatest fights of all time.

the business of boxing isn't ethical or gentlemanly, and I challenge you to find any promoters who are.

you want to suggest holyfield (1 L not 2) didn't receive his entire purses from king, then prove it otherwise shut the fuck up. the nevada commission reports those figures for his major fights in vegas.

dsimon writes:

Well thats where we disagree. To you it is ok that the business of boxing is not ethically conducted. And its ok to you because there are other scumbags out there also. BTW didn't King have his son representing boxers in negotiations with him so they WOULDN"T GET swindled? I guess to your sorry ass thats ok provided other promoters would do the same thing? right?

Fuck you Neil fuck you because yes you are 100% right.... King has promoted a lion's share of great fights, and he is arguably no more a scumbag than other guys doing the same thing, and yes an adult should be able to see to their interests and many boxers do not.

But none of your rightness is any excuse for boxers being cheated, for nobody creating a mandatory system to put funds into for retired boxers from the gate, and for usary standards that are predatory in nature, but get pushed under the rug because these are unregulated standards.

So yeah you are right but you are also a scumbag to be ok with this behavoir, to consider it acceptable.

[dsimon3387]

Oh please. Take it to the bank and depending on the deposit rate, he´ll cash 2-4 million dollars worth of interest.

dsimon writes:

You know what? Force fighters to take a % and do this because obviously most of them do not. Ditto for other high rollers. Do you honestly think you are the first one to say they would do this? Nobody ever got the brilliant idea to live off the interest of a small fortune?

[dsimon3387]

holmes doesn't seem too angry at how his career turned out with don king on friday night fights. go figure.

dsimon writes:

He only disowned king, called him a crook and started his own promotion company to get rid of King... go figure and lets not forget most of the talented heavy weights of the eighties who King fucked over.

[Neil]

dsimon writes:

Well thats where we disagree. To you it is ok that the business of boxing is not ethically conducted. And its ok to you because there are other scumbags out there also. BTW didn't King have his son representing boxers in negotiations with him so they WOULDN"T GET swindled? I guess to your sorry ass thats ok provided other promoters would do the same thing? right?

Fuck you Neil fuck you because yes you are 100% right.... King has promoted a lion's share of great fights, and he is arguably no more a scumbag than other guys doing the same thing, and yes an adult should be able to see to their interests and many boxers do not.

But none of your rightness is any excuse for boxers being cheated, for nobody creating a mandatory system to put funds into for retired boxers from the gate, and for usary standards that are predatory in nature, but get pushed under the rug because these are unregulated standards.

So yeah you are right but you are also a scumbag to be ok with this behavoir, to consider it acceptable.

great. just let me know when you're going to get on your soapbox at the start of your post so I can simply ignore the rest, just as I press mute when teddy atlas starts in with this malarchy.

larry holmes was quite complimentary of don king today when he was on espn, for giving him an opportunity when no one else would.

[Irish98]

That house is ridiculous. 550K on landscaping? What a fuckin waste!

$3000 a month for one kid. Assuming he pays the same for all 11 of his kids, he's forking over 396K for child support each year. Holyfield is going to be a happy man when that last kid turns 18. That's about the time he'll finally retire I reckon.

[dsimon3387]

great. just let me know when you're going to get on your soapbox at the start of your post so I can simply ignore the rest, just as I press mute when teddy atlas starts in with this malarchy.

larry holmes was quite complimentary of don king today when he was on espn, for giving him an opportunity when no one else would.

dsimon writes:

And you maintain that simple display somehow cancells out the entire history of Holmes and King prior to? :lol::doh:

You are a jackass. I am going on my soap box so you are warned:

It is customery now to revisit King with accolodes and with an awe shucks type of acceptance. That is truly sad.

[jarhead]

I am going to assume you are a liberal democrat Dsimon. You don't believe in self-responsibility.

[boxingnotboxers]

-That child support figure is a shame. It should be a weighted system based on the cost of child care, not a cash-out system for sleeping with someone famous. Then again, I also think Alimony is garbage, so my opinion overall is skewed.

-Foreclosures don't happen overnight. That type of real estate can be sold, even at a loss compared to purchase price, AND in a down market, with Holyfield needing no further money on it, if he sells within the past six months and has his handlers work aggressively (overseas included!) Even RENTING it when he wasn't there could've offset some money. Parse it out to other people on a rent-to-buy transition for wealthy (and maybe just as naive) celebrities...sell it outright to wealthy (and likely "old money, fiscally responsible) families. If you end up broke because of it, then you couldn't afford it to begin with.

-He (as well as any former professional athlete) can generate income, by selling their image. I don't understand how this is understood by a tiny minority of pro athletes. Their agents should be teaching them classes on this stuff for all of the commisions they've reaped over the years...

-Random political jab: somehow, I don't think those tax cuts and benefits were going to the community in Holyfield's case, unless you count a highly trafficked bedroom...

-Random spiritual comment: Guys like Holyfield don't need religious guidance; they need a friggin LEASH. Don't sleep around, don't get too extravagant for your own good, don't show too much pride, and get help when you need it. Those are basic tenets of any spiritual following, let alone a Christian man. Ultimately, his lack of the last point may be more telling than any individual discretion.

[phonetap]

you're giving king too much credit. otherwise you're suggesting holyfield had complete morons watching over his finances.

can you explain why of all the major sports where athletes make millions, boxers appear to have the highest percentage that end up in financial ruin?

[Hanz]

That house is ridiculous. 550K on landscaping? What a fuckin waste!

$3000 a month for one kid. Assuming he pays the same for all 11 of his kids, he's forking over 396K for child support each year. Holyfield is going to be a happy man when that last kid turns 18. That's about the time he'll finally retire I reckon.

Can you guarantee he won't have more kids down the line? Which means Holyfield will continue fighting until he dies. It's possible.

[royyjonesjrp4pno1]

can you explain why of all the major sports where athletes make millions, boxers appear to have the highest percentage that end up in financial ruin?
Boxers have alot more free time then the average athlete from other sports. If they are earning 7 figures or more they are usually fighting once or twice a year. With anything from 6 weeks to 12 weeks of training camp. That leaves around 6 Months of the year when they are not working. Thats alot of free time especially when you are rich.

Athletes in team sports are usually working around 9 Months or more of the year and they have owners and coaches to answer to.

[phonetap]

Boxers have alot more free time then the average athlete from other sports. If they are earning 7 figures or more they are usually fighting once or twice a year. With anything from 6 weeks to 12 weeks of training camp. That leaves around 6 Months of the year when they are not working. Thats alot of free time especially when you are rich.

Athletes in team sports are usually working around 9 Months or more of the year and they have owners and coaches to answer to.

nonsense...athletes have sports agents and financial consultants handling and looking over their money. sports agents haven't been able to make significant inroads into boxing becasuse the promoters have so much power. a guy like don king would have never made it in sports outside of boxing...once he screwed the first guy no one else would have dealt with him and the unions, along with ownership would have most certainly not sat back quietly.

historically boxers have poor representation when it concerns their personal finances...any idiot with a silver tongue could come along and rape them of millions without any oversite.

[Neil]

can you explain why of all the major sports where athletes make millions, boxers appear to have the highest percentage that end up in financial ruin?

one reason may be that these other athletes aren't receiving constant trauma to their brains. that can't be good for the decision making process. obviously boxing is the black sheep of sports without a union or pension and these guys aren't going to end up as well off as nba and mlb guys.

in holyfields case it appeared he had a guy in jim thomas who genuinely had his best financial interests in mind, but they parted ways when holyfield refused to listen when thomas suggested that he retire.

[dsimon3387]

one reason may be that these other athletes aren't receiving constant trauma to their brains. that can't be good for the decision making process. obviously boxing is the black sheep of sports without a union or pension and these guys aren't going to end up as well off as nba and mlb guys.

in holyfields case it appeared he had a guy in jim thomas who genuinely had his best financial interests in mind, but they parted ways when holyfield refused to listen when thomas suggested that he retire.

dsimon writes:

Just keep something in mind Neil. One does not have to believe that it is all the promoter's fault, anymore than they do it is all the fighter's fault, etc. I mean there are a lot of reasons why a lot of fighters wind up broke. Boxers should push for mandatory programs that help for the future and boxing has been resistant to these programs. If mandatory programs were put in place before... Everyone would do better.

[Erratic]

Can you guarantee he won't have more kids down the line? Which means Holyfield will continue fighting until he dies. It's possible.

True. By the time his 11th kid will turn 18, he'll probably be at kid number 16.
How much does a vascetomy cost? That could've been a good investment a few years ago.

[phonetap]

one reason may be that these other athletes aren't receiving constant trauma to their brains. that can't be good for the decision making process. obviously boxing is the black sheep of sports without a union or pension and these guys aren't going to end up as well off as nba and mlb guys.

in holyfields case it appeared he had a guy in jim thomas who genuinely had his best financial interests in mind, but they parted ways when holyfield refused to listen when thomas suggested that he retire.

tell this to retired NFL players...

[lb 4 lb]

king will take advantage of those who let him . you need proper advisors/managers/lawyers who have your best interest in mind when dealing with a guy like king.

holyfield coming off the czyz fight wasn't exactly in a great position of leverage to make big money. he signed with king and fought tyson twice for 50+ million dollars, then lewis twice for another 40+mill.

but dsimon says king is a crook so forget all that, don't deal with him.

felix trinidad seems to be doing quite nicely for himself, despite being promoted by king his entire career.You would think so, but then why does he keep coming out of retirement and making big fights?
Also I have a question, as rich as some people are why don't some of them ever do 2 simple things. Pay their taxes, and pay off their fucking house early? I mean you always hear about guys who lose almost everything because they didn't pay taxes and then they lose their house because it isn't paid for.

And yes. Holyfield is paying for the fact that he never felt the need or responsibility to at least strap on a condom if he was going to sleep around like a rock star. Complete lunacy. I wonder how well Shawn Kemp is doing these days?

[Neil]

tell this to retired NFL players...

lots of them are ending up broke with serious health problems, that seems to be a big issue with gene upshaw at the moment. notice i didnt mention nfl along with mlb and nba

[Neil]

You would think so, but then why does he keep coming out of retirement and making big fights?

trinidad keeps coming back for 8 figure paydays, who can blame him.

[lb 4 lb]

trinidad keeps coming back for 8 figure paydays, who can blame him.People who put higher number of brain cells over higher number of dollars.

[Neil]

People who put higher number of brain cells over higher number of dollars.

that is a lot of zeroes, hard to say how much value you would put on your braincells if you were presented with an opportunity to earn that much money.

[royyjonesjrp4pno1]

People who put higher number of brain cells over higher number of dollars.
Good luck finding people like that.