Tommy Hearns the boxer?.........Guy has been out of the ring for 20 years! He did pretty good stretching the funds 20 years into retirement.....some guys don't last 2.
The Southfield, Mich., home of seven-time world boxing champion, Thomas Hearns, is being issued a standing eight count, according to a recent report in The Detroit News.
Records indicate that “Hitman” owes nearly $1 million in delinquent taxes and mortgage payments.
In particular, he owes $513,000 on the 10-acre home he shares with his wife. And if the couple doesn’t figure out a solution soon, the bank intends to put the home up on the auction block in less than one week (March 23, 2010).
His attorney, Michael J. Smith, however, is confident that everything will work itself out eventually.
Here’s a snip:
“Tommy’s going to resolve the house issue. Tommy’s doing fine. It’s just an unfortunate issue that we’re dealing with and we’re working to get it resolved right away.”
Hearns reached rock star status in the mid- to-late 1980s in and around the Detroit area under the tutelage of prestigious trainer, Emanuel Steward, out of the legendary Kronk Gym.
Known for his devastating knockout power, Hearns is perhaps best known for his “war” against Marvin Hagler, as well as his controversial bouts against Sugar Ray Leonard.
It’s estimated that Hearns banked about $40 million throughout his boxing career alone.