And keeping such a massive space with so many amenities had many extra costs. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Dan saying Holyfield earned 5-6 million dollars tonight. Boxing, however, is a free-for-all, and by comparison, $6 million for a title fight or whatever Holyfield and Trump are being paid for whatever Saturday night's event was is a veritable. A passionate learner in the world of professional writing, and an ardent Manchester United fan. TV News / Jon Galt. Vitor Belforts pressure proved to be too much for Evander Holyfield. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. In February 2009, Evander Holyfields 54,000 square-foot estate in Fayetteville, Georgia, was sold at auction for $7.5 million to a group of investors. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. His record: 15-40-3, 1 KO. The boxing career of Evander Holyfield has been marked by highs and lows. According to BoxRec, he earned that with 44 wins across 57 fights, including 29 brutal K.O.s that helped made him a household name. The Reason Evander Holyfield Lost His Money. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. Full Spectrum Services LLP 2022 | All Rights Reserved. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. "As of now the fighters are comfortable with how it stands and we're going to revisit this over the next couple of days to decide. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. All fighters over the age of 40 who apply for a license in Florida are subject to an eye exam, blood work, an MRI and EKG, per the commission. The lawsuit was for a mix of back child support and unpaid maintenance. Got a confidential news tip? Indeed, Belfort is a 44-year-old who has had only one pro boxing match. Copyright 2008-2023 BroBible. Here's why men die younger than women and how to fix it, China's shrinking population: What it means for the global economy, Oil companies made $200 billion in profits in 2022. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. If the commission does not sanction the match, it is being reported that the event will still be held but itll be moved to Florida. B/R's combat sports team was in the house for "Triller . All Rights Reserved. Mayweather's weight limit was 160 pounds; Paul's was 190. TMZ.com. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? And he seems happy again. Holyfield took out a mortgage for $14 million on the home. That's what a tough chin and hard hands will get you. Holyfield sold the mansion to a bank during a public auction for over $7 million, but the boxer had owed at least $14 million on the mortgage at one point, according to the Independent. He ended up selling his mansion for less than half the amount he bought it for. A landscaping company sued him for $550,000 for unpaid services. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Does Rick Ross own a multi-million dollar mansion in Georgia? "You are absolutely right," Holyfield said. Donald Trump is doing way more than calling a fight this weekend . It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. 2.6K. And he remained on the hook for that massive mortgage. Get the Daily OutKick and get smarter every day. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. He also had to pay massive penalties to the IRS over previous non-payment when his yearly earnings were still in the tens of millions. The home, which is located in the posh Buckhead neighborhood, is 16,000 square feet and features seven bedrooms, eight bathrooms, and a four-car garage. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. The first thing to know about having a lot of money is there's a lot more money to spend, and former champion Evander Holyfield did a lot of spending. The 54,000 square-foot mansion is also the largest in Georgia. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. he failed to pay back more than a half . Oscar de la Hoya Sad Hospitalization Video Leaks. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. Evander Holyfield in his prime was a massive draw in boxing. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. He recently fought Mike Tyson back in May 2021, and now the 58-year-old Holyfield will be returning to the ring once more to defy age and deliver more knockouts. ", "It's kind of hard to turn down a big sum of something when you know you can do it. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. Evander Holyfield is one of the greats of the boxing world. His total earnings were pinned down by the Independent as around $513 million, with nearly half of that coming from endorsements and other earnings outside of the ring. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Email: jorge@brobible.com. In comparison, it would cost Holyfield approximately $1 million per year to maintain its natural gasification system, with an electricity bill of around $16,000 per month. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. 2023 CNBC LLC. From there, Holyfield would go on to hold the heavyweight world title four times, and, more notably, have a chunk of his ear bitten off live at MGM Grand Garden Arena by Mike Tyson in 1997. Even recouping proved to be a financial loss. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. Copyright 2023 Endgame360 Inc. All Rights Reserved. He lost the title to Mike Tyson in a second fight after winning it the first time. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. Videos by OutKick. Football, basketball, boxing, it didn't matter. Round-by-Round coverage: How Tommy Fury vs. Jake Paul played out, Inside the creation of Jake Paul's 'Stardust Warriors' trunks, Women's boxing divisional rankings: Thorslund, Fundora solidify spots after dominant performances, Divisional rankings: Matias, Jack make big moves after impressive wins. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. Now, 57-year-old former champ Evander Holyfieldlives in a two-bedroom apartment and admits the vast majority ofthose millions aregone since his final professional bout in 2011. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Oscar de la Hoya Sad Hospitalization Video Leaks, Id like to announce that I will be making a comeback to the ring.I will be fighting in exhibition matches for a great cause.. Earlier this year, Holyfield signed a deal with Triller to meet Kevin McBride in an exhibition bout on June 5 on the undercard of Teofimo Lopez-George Kambosos. Today, his wealth is stabilized at around $500,000. We want to hear from you. A Division of NBCUniversal. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. "We've spoken to Holyfield and Vitor and the commission; no matter what, this will be scored as a pro fight, there will be a clear winner and it will be treated with pro rules.". He bought a mansion with 109 rooms, complete with a 135-seat home theater, a bowling alley, and a dining room meant for over 100 people. The mansion came to market shortly thereafter for $8.2 million and was offered for as low as $7.89 million before hitting the auction block in November 2013 with a starting bid of just $2.5 million. There is no reason why we cannot achieve this, according to 36-year-old Andy. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. His total earnings were pinned down by the Independent as around $513 million, with nearly half of that coming from endorsements and other earnings outside of the ring. Today that would be about $52,400,000. Florida, on the other hand, saw no issue. The property is located in Atlanta, Georgia and priced at $5.8 million. football player for Diego Juniors FC. Former heavyweight boxing champion Evander Holyfield lost all of his fortune but how did it all happen News How did Evander Holyfield lose all his money? Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. by Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. They did not release the earnings of these boxers to the public. Evander Holyfields amazing 109-room Georgia home he sold to Rick Ross for 4.7m boasts bowling alley, theatre and pool https://t.co/L1SPTwOPsO, According to the Daily Mail, the 38-year-old rapper purchased the home which Evander had to sell to a bank at a public auction as part of a foreclosure for $7.5 million in 2012.. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. In the famed ear-damaging fight against Tyson alone, Holyfield brought home a massive $35 million, according to Atlanta Magazine, which is several times more than most Americans will make in their lifetime. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. In addition to sheer square footage, the hip-hop haven known as Villa Vittoriosa (meaning The Victory) weighs in with 109 rooms, 12 bedrooms, and 21 bathrooms. Evander Holyfield by TKO, 1: . "If he had the right team behind him, he would have never lost his fortune.". After suffering his first loss in boxing, what now for Jake Paul? The divorces were certainly costly, but not nearly as expensive as his obligations to his children. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. The mansion stands at 45,000 square feet and is situated on more than 235 acres. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. Rick Ross Buys Insane 109-Room Mansion From Evander Holyfield, Boxing Legend, TV Judge Mills Lane Dead At 85, Former NFL Defensive End Greg Hardy Beats Hasim Rahman Jr. With Big Knockdown In Professional Boxing Match Without Training, Bare Knuckle Fighter Nathan Decastro Looks Like The Elephant Man After Bloody Hits To Left Eye, Jake Paul Offers Draymond Green $10 Million For Boxing Match. Even recouping proved to be a financial loss. But his enormous mansion turned out to be a much larger drain on his resources. Holyfield has 11 children from five different mothers, according to the Independent. Evander Holyfield Apparently Made $5-6 Million For Getting Beat Down By Vitor Belfort According To Boxing Insider by Jorge Alonso September 12, 2021 10:31 am Getty Image Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. How did Evander Holyfield lose his house . The cost includes unlimited replays for all fights in the event until Dec. 11, so . MMA legend Vitor Belfort knocked out 58-year-old former heavyweight boxing champion Evander Holyfield in the main event and Anderson Silva continued to raise his stock on the boxing side of. The mansion, which includes 12 bedrooms and 45,000 square feet, is located on 105 acres and has become a tourist attraction, according to Rozay. The estate is located on 235 acres of land and has 109 rooms, 12 of which are bedrooms and 21 of which are bathrooms, making it the largest single-family home in Georgia. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. Tour Evander Holyfield's Former Mansion. A Florida Athletic Commission spokesman told ESPN the commission "stands prepared to regulate the Evander Holyfield-Vitor Belfort bout as a sanctioned fight that would appear on both fighters' official boxing record. Holyfield didn't . Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. So why did the 58-year-old retired boxer take on the fight on short notice knowing there was a good chance he would embarrass himself? In 1998, the first world heavyweight title was awarded. Featured in the Eddie Murphy sequel Coming 2 America, boxing champ Evander Holyfield's one-time home in Fayetteville, Georgia, covers 44,234 square feet. I know all the things that's necessary to be safe. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. The sport of boxing is one of the most lucrative in the world, with the ability to produce some of the best fighters of all time. Both fighters also weren't supposed to push for a knockout. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. Even though The Real Deal has been training for a comeback fight for quite some time, fighting Vitor Belfort will not be a simple task, even for prime Holyfield. Evander Holyfield is one of those fighters. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. Plus-3 to plus-4 is considered High Risk Category "C." Category "A" (+7-+9) and "B" (+5-+6) are for fighters who are considered to be an even greater risk. Holyfield also committed to paying for his three childrens private educations as a personal commitment. foot guest house, a 12-stall barn, and a five-acre lake. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. How Much Did Evander Holyfield Pay For His House. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . In the first round, Tyson defeated him. Stop the dumbass TMZ headlines please! The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. "He did not have a team to protect his money while he was making millions, and today there is no one in his corner to help him establish his blue-chip brand," Rodriguez told CNBC. How much Ross, aka Ricky Rozay, paid for the property is unclear, property records do not indicate that the home found at 794 Evander Holyfield Hwy has changed hands. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. pursuing a bachelor's degree in English Literature. How did Evander Holyfield lose all his money? When you examine this particular event, the confusion is even greater. And he seems happy again. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. On its 235-acre grounds is a handball court, a softball field, a tennis court, a seven-stall barn, and a 350,000-gallon pool billed as one of the largest in the nation. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. According to Bleacher Report, the exhibition fight has been postponed and no new date has been announced, though there are tentative plans for it to be mid-June. Other financial losses came from Evander Holyfield's home life. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. Published: January 6 2014 22:05. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. Evander Holyfield was forced to sell his 109-room mansion to rapper Rick Ross (Image: Getty Images) The 109-room mansion in his hometown of Atlanta was labelled as a monument to his success, but was auctioned in 2008 with Ross acquiring it for 4.2million. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. Due to the immense difficulty and bodily strain of fighting in the first place, fighters earnings are often on the scale of hundreds of millions by the time they wrap up their careers. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. I do what I have to do.". However, he lost all his money almost as quickly as he earned it. Evander Holyfield lost his $20 million mansion because he couldn't afford the upkeep Evander Holyfield spent a huge portion of his fortune building a mansion - only to be left with no. So what does Holyfield say to those who say he shouldn't be fighting at 58? He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. After all, the perils of riches lay mostly in how they're spent. Rumor has it that the larger-than-life hip-hop icon and MayBach Music founder has made a massive buy in Georgia, buying up a ridiculous 44,234-square-foot mansion built for and previously owned by boxing legend Evander Holyfield. It reports come after it was found that Oscar De La Hoya has tested positive for . The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. Regardless of the overriding ethical questions at play, 58-year-old Evander Holyfield is still set to headline a boxing pay-per-view card on Saturday in the year 2021 against 44-year-old former . Evander Holyfield to pay $36,000 a year in child support By JOHN HOLLIS Former heavyweight boxing champion Evander Holyfield and the Clayton County woman with whom he fathered a child reached a financial agreement Wednesday afternoon. The opening bout of the pay-per-view bout is the lone fight that features two world-class boxers: a 130-pound fight between fringe contenders Andy Vences and Jono Carroll. 3 Comments. . By: Holly Aguirre. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. The boxing career of Evander Holyfield was reborn after his release from prison. Ultimately in this case, the decision on whether Saturday's fight is a sanctioned match or an exhibition match is a matter for the participants. According to the index, any fighter who falls in one of those three categories needs further clinical evaluation by the commission and their medical advisory board before licensure. What happened? Holyfield also went through three divorces. The mansion has been among the sources of the boxer's. As you can probably guess, Evanders mega-manse failed to sell at auction and made its way back onto the market in December for $6.875 million. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. On the boxer severity index, created by former Nevada commission chief executive director Dr. Flip Homansky -- and utilized by the Association of Boxing Commissions -- Holyfield registers a plus-4. Evander Holyfield is one of those fighters. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. He is currently From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. Smith received cash and property from the 2012 divorce, including child and spousal support. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. The folks at Redfin have confirmed that rapper Rick Ross has purchased the monstrous former Fayetteville home of boxer Evander "Real Deal" Holyfield and that he got it for a relative steal . After the former heavyweight champion had to sell his 45,000-square-foot mansion to a bank for $7.5 million, it went back on the market for $8. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. His third wife, Candi Calvana Smith, filed a restraining order against Holyfield in 2010 after he allegedly assaulted her in front of the children during a heated argument. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. Holyfield sold the mansion to a bank during a public auction for over $7 million, but the boxer had owed at least $14 million on the mortgage at one point, according to the Independent. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. Atlantas 109-room mansion, which was built as a monument to his success, was auctioned off in 2008 for 4.2 million, with Ross purchasing it. The pay-per-view begins at 8 p.m. It ended up going for half of what he bought it for. "When you don't have others looking out for you, everybody's taking something for themself. . "All I know is it's a fight and they got the rules. With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. "Dealing with all the mothers of all my kids there ain't no winning here, man, no winning at all," Holyfield said in 2012 (found via the Independent). This meant that his per-fight revenue and marketability were extremely high. Basically, the boxer had more kids and ex-wives than he could reasonably afford. Get this delivered to your inbox, and more info about our products and services. "If Triller and the fighters elect to not have this go on BoxRec, we will honor that request, but pro boxing rules will still apply with judges, scoring and a clear winner just as if it were a pro bout.". Sign up for free newsletters and get more CNBC delivered to your inbox. The child support is really where the boxer's family debt began to get out of hand. However, he lost all his money almost as quickly as he earned it. The $230m he earned over a. The Biltmore House Americas Largest Private Home, Making The Most Informed Home Purchase: Understanding The Benefits Of Cash Sales And Home Appraisals, A Guide To Accurately Appraising A Home: Tips For Buyers And Sellers, Maximizing Profit When Flipping A House: How Appraisal Value Can Make Or Break A Flip. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. Yes, Holyfield is 58. "We have approved this as a full pro bout," the commission said. But today, he only holds a small fraction of his former net worth. "Real Deal" is best remembered, of course, for his legendary run at heavyweight, a resume that includes two wins over Mike Tyson (including the infamous "Bite Fight"), a win over George Foreman and one win over Riddick Bowe in one of the most brutal title trilogies of all time. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. Evander Holyfield's loss is Rick Ross' gain. Holyfieldcontinues to earn around $100,000 per month through personal appearances but that vast wealth vanished through reckless spending, bad business deals and even worse financial advice, news.com.au reported. His expenses kept his net worth somewhat depressed despite all that revenue. Money, of course. When Floyd Mayweather-Logan Paul met in an exhibition match in June, a fight supervised by the FAC, there was no official winner and no judges. He finished his career at 53 years old with five losses in his final seven bouts. Given the FAC's decision, Holyfield has completed this evaluation. PrivacyAboutContactAdvertisingHave a News Tip? The Real Deal took home a bronze medal from the 1984 Olympic Games, won his first junior heavyweight title in '86, and became the undisputed cruiserweight champion in '88. 58-year-old man dies at start of mountain bike race, Teen boys charged with murder over killing of driver in Auckland, What the alcohol industry doesn't want you to know, The Jugglenaut: How childcare became a for-profit game, Christopher Luxon promises childcare rebates for any family earning less than $180,000, Homeowner says banks offering 4.99% under the table is a 'market failure', Person who died after incident in Auckland's Beach Haven named, Guyon Espiner's last drink: 'Probably wine, but I was too drunk to remember', Disappointment and tequila: How sporting power couple Dion Nash and Bernice Mene met, Wallabies star's NZ$1.6m World Cup gamble after bar brawl shuts down Japanese club. The property is located in Atlanta, Georgia and priced at $5.8 million. But after retirement, athletes across all sports regularly end up in financially compromised situations. 9/9/2021 1:00 AM PT. Is this the result of systemic racism somebody tell your president an Vice President that one black man sold this monstrous mansion for millions to another black man happens all the time not in china but here in this great country mfers. The monthly electricity bill for the mansion is estimated at $17,000, while the cost of year-round upkeep is said to be in the neighborhood of $1 million. Holyfield also committed to paying for the private education of all three of his children. Other failed business ventures includeda record label which cost Holyfield$3.1million, a restaurant business which cost over $10m and other products bearing his name including BBQ sauce, a kitchen grill and a fire extinguisher. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. Lets dive into his earnings, his expenses, and his personal history to find out. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. When Holyfield went broke in 2012, he owed about $500,000 in child support. Meanwhile, a federal lawsuit was filed two weeks ago in Utah seeking repayment of $550,000 in loans allegedly made to Holyfield to pay for landscaping on his 95-hectare estate.