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The mansion

One man’s loss is another man’s gain. Rick Ross is paying a lot of cash to get what Evander Holyfield apparently could no longer afford.
The music mogul has dropped US$5,8 million to buy the foreclosed Georgia mansion of the former boxing champ, according to RadarOnline.

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 US$7,5 million in 2012.

The enormous 54 000 square-foot mansion sits on 235 acres and is the largest single family home in the state of Georgia.

Located outside of Atlanta, the compound features 109 rooms, including 12 bedrooms and an astonishing 21 bathrooms.

Other amenities include a bowling alley, home theatre and a 350 000 gallon pool.

If that was not lavish enough, there’s also a seven-stall barn, baseball field with lights and a scoreboard, an indoor pool, separate boxing gym, recording studio, and guest house.

Holyfield once claimed the home cost more than US$1 million annually to maintain with an electric bill reportedly costing US$17 000 a month.

The mansion has been among the sources of the boxer’s financial problems, which also include constant court battles over child support payments.

According to the Atlanta Journal Constitution, the 51- year-old heavyweight champ has 12 children by six women and has battled child support cases in Georgia, Texas and California.

TMZ said the home was sold at public auction and that part of the proceeds would go toward settling back federal taxes.

The entertainment site said Holyfield owed more than US$14 million on the house.

In an interview with Revolt, Ross opened up about buying the lavish home and how he hopes it will give inspiration to young children.

‘‘I just felt like me acquiring that property is me really speaking to some kids and giving them that same passion and they are looking in my eyes and me telling them, ‘‘Yo, this is real.’’

‘‘I feel like somebody needs to see that. Somebody needs that inspiration. So, we are going to open the doors to the kids of New Orleans, from Atlanta, from Miami and open their minds a little bit.’’

In career news, the Maybach Music Group founder is set to drop his latest record, Mastermind, on March 4th.

The first single is called The Devil Is A Lie and features Jay-Z. It’s his sixth studio album which also includes collaborations with Kanye West, Lil Wayne and Jeezy. — dailymail