Highlife over for former champion in hock
It’s not how much you make, but how much you keep, financial advisors will tell you.
Chris Eubank apparently didn’t hear that wise adage, as the 39-year-old former champ’s homes are facing demolition after being sold to pay off his staggering debt.
Eubank, who made 10 million pounds during his career, was declared bankrupt with 1.3 million pounds in debt last year. The opulent homes in Brighton, East Sussex, had to go, the Mirror reports.
One neighbor, voice dripping with uncontained schadenfreude, sniped: “How the mighty are fallen. I only came in for a nose around rather than buy anything.
“It is all rather sad. He once drove up and down this road like a king in one of his flashy cars. Now he has been reduced to this.”
Demolition crews have moved in to dismantle the side-by-side mansions, with builders at the ready to build 41 houses on the land.
To add to the insult, workmen put up signs outside reading: “Demolition Sale – all items for sale, enquire within” to clear out remaining property in the residences.
Eubank, a former WBO super middleweight titlist, who split with his wife last year, has put his boxing belts up for auction.
Eubank, who retired in 1998 with a 45-5-2 record after losing his last three outings, said: “Over the years I wish I had taken better advice. I appreciate this was my responsibility. I have made some mistakes. I want to put it behind me and get on with my life in the future.”
Eubank engaged in memorable battles with Nigel Benn and also Michael Watson, who went into a coma after their September 1991 contest and suffered partial paralysis from the battle.
(Email news tips to Michael Woods at Fightwrite@gmail.com)