According to the Atlanta Journal and Constitution newspaper, Holyfield appears to be in serious financial trouble. His palatial estate in Fayette County, worth an estimated $10 million, is set to be auctioned July 1, 2008. Also, it has been reported that Holyfield is being sued by a company in Utah for approximately $500,000 in landscaping fees.
Here is the latest video news report from the Associated Press:
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