Retired boxer Evander Holyfield has been forced to move out of his Georgia home after failing to reach a deal with bank bosses over the foreclosed property.
The financially-strapped former heavyweight champion lost control of the house, which is located just outside of Atlanta, after falling behind on his mortgage payments and it was sold to another bank for $7.5 million (£4.69 million) in a public auction in March (12).
Holyfield had reportedly been trying to work out an arrangement with the new owners, but the negotiations appear to have fallen through after moving trucks were seen retrieving the old sportsman's belongings from the property, according to
The embattled star had racked up mortgage debts of over $14 million (£8.75 million) prior to the foreclosure, while he also owed money to U.S. tax officials.