Rolling with the punches

Rolling with the punches 2008-07-01 Staff Writer Earning enough to buy a $10 million estate is hard work, but keeping hold of such an asset has proved even harder for four times heavyweight boxing champion Evander Holyfield. The fighter faces losing his palatial estate in Atlanta, Georgia, according to a rep

Earning enough to buy a $10 million estate is hard work, but keeping hold of such an asset has proved even harder for four times heavyweight boxing champion Evander Holyfield. The fighter faces losing his palatial estate in Atlanta, Georgia, according to a report by the Associated Press, after defaulting on a loan to buy it. Washington Mutual is set to auction off the property. It is a slight comedown for Holyfield who once collected a purse worth around $34 million for fighting Mike Tyson. Unfortunately Holyfield has not been able to maintain the earning power he commanded during his heyday. But, a lawyer representing the mother of one of Holyfield's children, who is suing the former boxer over child support, said the foreclosure could be a good thing. He noted that a court case five years ago revealed Holyfield paid an electricity bill in just one month of $17,000 – owing to a light display at the house. Nevertheless, with 54,000 square feet, 17 bathrooms, a total of 109 rooms and a bowling alley, the Atlanta home will no doubt become home to another big-hitter in search of size.