Evander Holyfield facing foreclosure

[Mr Nice]

Why doesn't it surprise me that alot of athletes are broke only after a few years of leaving the sport that made them millions. The video says it all.

Mike Tyson is in the same boat.

http://www.cnn.com/video/#/video/showbiz/2008/06/06/dnt.holyfield.foreclosure.wsb

 

[wavinwayne]

I don't think Evander is really broke.

 

[FowVay]

I drive by his house on a regular basis and he has quite a impressive spread. He lost a ton of money in a car dealership several years ago when his so-called friends robbed him blind. He is one of the most charitable celebrities in our area. There is a Catholic school right across the street from his house and I heard (no confirmation) that he pledged a large portion of the funding for the building.

I hope that he can secure financing to retain his mansion. I think he's a pretty straight shooter.

 

[mikeg5]

well popular people like to live beyond their means.. in which a lot of americans do hence the reason why we rely on credit so much. eventually it will all come down on us. but you guys see that already

 

[MrCritical]

When the house was built it was advertised as costing $20 million.

At the time he probably could have paid cash. Should have.

 

[Cory]

Just read today that a similar situation was happening to Ed Mcmahon. Complaints of 2 divorces and at age 85. Shouldn't you own your house by now??

http://www.latimes.com/business/la-fi-mcmahon6-2008jun06,0,1481973.story

 

[Cutehumor]

no wonder he won't retire from boxing, he needs the money!

 

[Steve S]

That is what happens when you live beyond your means .Doesn't matter how much money you have and are foolish with your money.

 

[Pablo]

TV Culture - go!

 

[dnewton3]

I happend to see that Ed McMahon is facing the same fate.

Perhaps he needs one of those Publishers Clearing House envelopes ... HE MAY AREADY BE A WINNER!

 

[leftlane]

Originally Posted By: dnewton3
Perhaps he needs one of those Publishers Clearing House envelopes ... HE MAY AREADY BE A WINNER!

Maybe he could be a ring announcer for evander to make ends meet too. "Herrrrres holyfield!"

 

[Amkeer]

Whats the name of that song that covers this, "a fool and his money will go seperate ways...."

Folks:

Its not how much you make. Its how much you keep from what you make.