The iconic and often controversial boxing promoter Don King was named in a $5.35 million foreclosure lawsuit over his headquarters complex in Deerfield Beach, Florida.
According to combined media reports, the lawsuit was filed last week by Blueprint 501LLC, affiliate of Miami-based Blueprint Capital Partners, against King and his Fairway Enterprises. A $5.35 million loan with a 15% interest rate was provided to Fairway Enterprises and King in 2023, but the lawsuit charged that no payments have been made since August 2024.
The property in question is a 40-year-old, 46,467-square-foot warehouse that King acquired for $3 million in 2000. In 2023, Fairway Enterprises obtained a $5.1 million loan from another lender that was increased one year later by $200,000; Blueprint Capital acquired the mortgage last year.
“I don’t care if you’re Don King or Mike Tyson, if you don’t pay your obligations, you’re going to get sued,” said David Haber, Blueprint Capital’s attorney. “In this case, they weren’t met and we had to file a foreclosure action.”
The 93-year-old King has a long history of legal problems, going back to a tax evasion charge in 1957. In 1967, he was found guilty of second-degree murder and sentenced to 20 years in prison but was released from prison after three years when his conviction was reduced to manslaughter. His most recent legal bout involved a lawsuit brought by IBF heavyweight world champion Daniel Dubois over King’s nonpayment of winnings when the British boxer defeated Trevor Bryan in a 2022 match in Miami.
Photo by Gage Skidmore / Wikimedia Commons
