Former World Heavyweight Boxing Champion Evander Holyfield (44-10-2, 29 KOs) is embroiled in what seems like a constant losing battle with his finances. As he approaches 50 years of age, Holyfield’s prospects for signing boxing matches are slim to none despite talk of a potential bout with Alexander Povetkin. “The Real Deal” only wants to fight for a title, which diminishes his chances even further, but even if he happened to sign a multi-million dollar contract for such a bout, it would still be a drop in the bucket. The former boxing champ declared bankruptcy in 2008, and he still can’t seem to climb out of the deep financial hole he dug himself after blowing more than $250 million in career earnings.
Holyfield recently had his favorite Georgia mansion sold at public auction for $7.5 million, though he continues to live in the home that he still owes $14 million toward. He also owes even more in back taxes and closing costs. His creditors seem incredibly forgiving despite Holyfield’s ongoing inability to keep up with his outlandish bills.
One agency that isn’t so cooperative is The Georgia Department of Human Services, which claims Holyfield is on the hook for more than $372,000 in back child support for his 18-year-old daughter Emani. Holyfield, who claims he has an excellent relationship with his daughter, maintains he was not aware of the outstanding tab. Georgia officials are looking to garnish his wages or put him in jail if he does not catch up on the outstanding balance.
Holyfield last fought Brian Nielsen on May 7, 2011, in Copenhagen, Denmark. He attended the Miguel Cotto vs. Floyd Mayweather fight on May 5th and made it clear he’d like to fight one of the Klitschko brothers. With plenty of younger, hungrier, and more able-bodied boxers waiting in the wings for title shots against the brothers from Russia, he’s going to find it nearly impossible to sign a contract with either one.
Holyfield has always been deeply religious, which he made very clear throughout his career. He obviously took stock in God’s advice to Adam and Eve in the opening Genesis chapter of the Bible. So far, he’s made good on his own efforts to “replenish the earth” by fathering at least 11 children. His total child support fees reportedly top $500,000 anually. He may need to fight and beat both Klitschkos if he hopes to keep current with those costs.