Bernard Fernandez on Holyfield: "Sadly, it has come to this"
by Scott Christ on Nov 12, 2008 1:36 PM EST
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It's really nothing new to slam the continuing career of Evander Holyfield, but Bernard Fernandez of The Sweet Science posted a superb article today about Holyfield, his financial woes, his personal motives that have brought those woes, and his upcoming, borderline upsetting fight with Nikolai Valuev.
From the article:.
But the pages of the calendar inexorably turn and Holyfield will discover that there are no more fights to be fought, no more multimillion-dollar paychecks to be cashed. All that will be left are humiliation, foreclosure and perhaps even incarceration for failure to pay debts that at some point will pile higher than the top of Valuev’s head.And he will have no one to blame but himself for the mess. At least Mike Tyson, who also went through hundreds of millions of dollars until he was worse than broke, could claim he had been systematically bilked out of chunks of his fortune by promoter Don King, co-managers John Horne and Rory Holloway, and a platoon of leeching hangers-on.
It's not a story of the rise and fall of Evander Holyfield; it's just a story of the fall, and how the fall is seemingly nowhere near its end. While Holyfield fights on, nothing really changes.
The fight, scheduled for December 20 in Switzerland, is genuinely what I would call the most humiliating of Holyfield's career, even before it has happened. Valuev is a freakshow attraction, and now, so is Holyfield. It never should have come to this for Evander Holyfield, who once truly was "The Real Deal."
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Great article, sad article. He really can only blame himself. I just wish this weren’t a story we’d all heard too many times before.
Interesting point about his mansion too. I wonder what he could possibly get on the market for such a home. If its worth 60 million, could he even get 30? I mean, that would still seem to solve a lot of his problems, but those child support payments won’t be stopping anytime soon and it would seem he’s surely headed for bankruptcy and total humiliation.
Getting a mansion that size is always just murder
Between taxes, utilities, staff, upkeep, maintenance, etc., a mansion that size is way more than anyone can afford unless they actually have a trust set up where the interest is enough to cover the expenses.
In this market, if he needs to sell now, he could probably only get pennies on the dollar though.
Vogt early, Vogt often.
The funny thing is...
He doesn’t seem to have gone crazy with the money, like say a Tyson or Mayweather, other than the house. Sure, he should have booted up when he was out carousing (and that can cost dearly too quite clearly). But, other than this house, I don’t remember him as a particularly flashy guy. And the article explains why he did this with the house, it marks his arrival into high society (of sorts).
Yet, he ends up just like so many others and I guess that’s the lesson when spending $60 million (!) on a house.
by kp the ghost on Nov 12, 2008 3:14 PM EST up reply actions
http://www.cbc.ca/sports/story/2008/06/05/holyfield-finances.html
Holyfield has grossed over $200 million US in his career.
Valuev
Nikolai Valuev himself is to blame for a some of this. Digging up Evander there are far more other “safe” boxers for him to face. Dont get how the WBA could allow it. Looked on the WBA website, the last rankings are September and he not in the top 15. (have you ever looked at the WBA rankings. Codshit) Its a bad fight but hey we all going to be rooting for Evander aint we?
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