Boxing
Don King’s Palm Beach Jai Alai site is headed to foreclosure auction
Published
5 months agoon
A foreclosure auction will be held on May 18 at the former Palm Beach Jai Alai frontage, owned by boxing promoter Don King, with residential developers among the parties eyeing the Mangonia Park property and King’s legal team still searching for a solution.
The site at 1415 45th Street has been vacant for more than three decades. King, 93, bought the property in 1999 for $6.3 million, according to property records cited by King. The real deal. The front itself, a 282,800-square-foot structure built in 1973, closed in December 1994 after Florida’s expansion of gambling offerings and a prolonged strike by jai alai players destroyed the sport’s commercial base.
How the auction happened
Palm Beach County Circuit Court Judge Scott Kerner entered a $42.5 million judgment in favor of an entity related to Taylor Made Lending, a Pompano Beach-based lender, clearing the way for the May 18 sale. Taylor Made serves as a special entity servicing a syndicate of mortgage investors, including Miami-based Winston Capital Management.
Court documents show that King personally guaranteed three loans secured by the property. The first one, redeemed in 2023, was worth $22.3 million at an interest rate of 13.9% per annum and required monthly payments of $260,000 in interest alone. A second loan for $9 million was made in 2024 at an interest rate of 18.5% per annum, as well as a third loan for $800,000 at an interest rate of 2%. Taylor Made alleged in its complaint that in September, King stopped making monthly interest-only payments of $138,750 on a $9 million loan and failed to repay the $800,000 loan in December when it matured.
The website and its limitations
The property is zoned primarily for office, government, ambulatory, educational and manufacturing uses, with as much as 25 percent of its square footage zoned for retail uses such as pharmacies, restaurants and gyms, according to an offering memorandum prepared by listing broker Art Porosoff of Miami-based Porosoff Group.
Development plans face an infrastructural obstacle independent of exclusion. Mangonia Park City Manager Ken Metcalf said in a March 31 interview that nothing could be built on the 53-acre parcel until the city secured a recent, larger reservoir for immaculate drinking water. Developers tracking the site have introduced a mixed-use redevelopment with thousands of recent homes.
Pattern of distressed holdings
The foreclosure is part of a broader spectrum of King’s real estate problems. In July, a subsidiary of Boca Raton-based construction company Straticon paid $11 million for a warehouse King owned in Deerfield Beach that previously served as the boxing promoter’s headquarters. The warehouse was the subject of a separate foreclosure lawsuit brought by a subsidiary of Miami-based Blueprint Capital Partners over the alleged failure to repay a $5.3 million loan.
Lawyers for King and Taylor Made Lending did not respond to requests for comment from The Real Deal, which first reported the foreclosure auction date.
Previous sales attempts
Since the purchase, King has made multiple attempts to sell the Mangonia Park property. His wife, Henrietta King, bought the frontage in 1999 with plans for a sports complicated that never came to fruition. In the early 2000s, a proposed sale of the apartments to a Boca Raton developer fell through, leading to a lengthy DK Arena v. EB Acquisitions lawsuit that ultimately made its way through the Florida Supreme Court. A separate deal with West Palm Beach-based FRI Investors also fell apart ten years ago.
The property was put back on the market in April 2025 with no asking price, although sources told The Real Deal that King’s team was seeking offers in the $100 million range, or about $2 million per acre.
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Boxing
Tyson Furys Advantage: The Importance of Leg Endurance in Boxing
Published
2 hours agoon
October 12, 2026
Paulie Malignaggi likes Tyson Fury’s style against Anthony Joshuabut only if the Gypsy King’s legs still hold up to control range. He points out that Joshua must close the distance, yet doubts AJ has the footwork required to get there.
Fury’s movement creates the main problem. If he keeps Joshua following his lead and constantly resets AJ’s rhythm, Joshua risks spending the entire night chasing shadows instead of landing meaningful shots.
“AJ has to obviously get in close,” Malignaggi told Boxing King Media. “It’s not easy against a guy with the footing of Fury, but who knows, maybe Fury’s old legs are a little slower.”
That lingering doubt stops Paulie from locking in a definitive pick. Fury understands how to dictate distance against AJ, but executing that plan across twelve rounds takes functional wheels.
If Fury has lost a step, Joshua gets a direct route into punching range without burning energy on pursuit. AJ does not need sudden speed if Fury can no longer skip away. Joshua simply has to capitalize whenever Fury sits in the pocket.
At the same time, Malignaggi remains skeptical about Joshua’s mobility.
“I think AJ’s feet are a bit cumbersome, though. So, I think the size of the ring and things like that will also matter in the fight.”
A larger ring hands Fury extra space to glide and forces Joshua to cover real estate. A tighter ring gives AJ a clear path to trap his rival, though he must cut off the ring instead of trailing behind.
Paulie’s breakdown hinges entirely on Fury’s mobility. If the legs work, Joshua’s heavy feet could leave him swinging at air. If those legs fade, AJ suddenly finds a manageable target. Malignaggi spots the stylistic edge, but he refuses to assume Fury can still pull it off. He is analyzing a long-gone version of Tyson Fury from ten years ago, not the lumbering heavyweight who actually steps into the ring today.
That 2015 night in Düsseldorf against Wladimir Klitschko might as well belong to another century. Ever since the Usyk beatdowns, the slow-motion survival against Wach, and that labored outing against Makhmudov, Fury has looked completely grounded.
The twitch reflex is gone, the lateral bounce has vanished, and his upper-body slips look like they are running through wet cement. When heavyweight legs check out, no amount of altitude running or motivational talk in Morecambe brings them back.

About the author
Boxing 24/7 Wire
Boxing247.com is an independent boxing news publication covering the sport since 2001. It provides original reporting, fight analysis, schedules, results, and informed coverage of major fighters and events worldwide, backed by more than 25 years of professional boxing journalism.
Boxing
Nakisa Bidarian Explains the Financial Principles Driving Canelos Commitment
Published
3 hours agoon
October 12, 2026
Nakisa Bidarian believes Canelo Alvarez could lose his purse if he withdraws from the October 31 fight with Christian Mbilli in Riyadh, but might still get paid if the organizers cancel. His theory offers a financial explanation for Canelo’s commitment to fighting despite the security concerns.
“My read: Canelo is due a lot of money. If he pulls out he is no longer due that money. If the event is cancelled he is probably also due that money. Tough situation,” said Bidarian on X.
Turki Alalshikh says Canelo remains committed to fighting Mbilli in Riyadh following deadly attacks on the city’s international airport. Reuters reported that a Saturday strike killed at least 12 people and wounded more than 300, with another attack on Sunday killing one person.
Bidarian’s reading gives Canelo’s willingness to proceed another possible explanation beyond the “he fears nothing” message. Under that theory, Canelo could protect his payday by remaining ready to fight and letting the organizers decide whether the event can proceed.
That would put Canelo in an awkward position. He could have concerns about traveling without wanting to formally withdraw and potentially give up a huge purse. Saying he’s available would make financial sense even if he privately preferred a postponement or a different location.
However, Bidarian hasn’t presented Canelo’s contract or identified a cancellation clause. His wording makes clear that this is his interpretation. Whether Canelo would receive payment after a cancellation remains unconfirmed.
His post also doesn’t establish that money is driving Canelo’s decision. But the public declaration that he’ll fight tells us little about the contractual consequences of refusing to travel.
There’s also an entire card to consider. Canelo saying he’s willing to fight doesn’t settle the safety and travel questions facing Mbilli, the undercard fighters, their trainers, and the event staff. They all have to get there, prepare, and work through fight week.
The organizers still have to explain how they intend to stage the event safely. Canelo’s commitment gives them a willing headliner. It doesn’t answer those questions.
About the author
Boxing 24/7 Wire
Boxing247.com is an independent boxing news publication covering the sport since 2001. It provides original reporting, fight analysis, schedules, results, and informed coverage of major fighters and events worldwide, backed by more than 25 years of professional boxing journalism.
Boxing
Former Light Heavyweight Champion Aims to Challenge David Benavidez at Cruiserweight
Published
11 hours agoon
October 12, 2026
David Benavidez looks to become a three-belt cruiserweight world champion in December, but whilst many fans hope to see him face Jai Opetaia in the fight that follows, there is another world champion whom ‘The Mexican Monster’ could potentially meet in 2027.
An official announcement is expected imminently for a December 5 showdown between Benavidez and WBC cruiserweight champion Michael Cieslak – with Opetaia mandated to take on the victor of that contest.
Meanwhile, another Benavidez target, Dmitry Bivol, is poised to take on Callum Smith on December 12 and then partake in a rubber match with Artur Beterbiev in Russia in 2027.
However, speaking with Inside The RingBenavidez revealed that Beterbiev has reached out to his team for a shot at cruiserweight honours, before confirming that he will give the 41-year-old Canadian-Russian exactly ‘what he wants’.
“Beterbiev has definitely reached out to our team and he has been actively trying to make that fight. So, we are going to give him exactly what he wants.
“I respect Beterbiev, he is like 45 years old so the fact that he is calling me out is why I have a lot of respect for him!
“That is a great fight for the public.”
Beterbiev hasn’t fought since he came up short in his undisputed light heavyweight title rematch with Bivol in February 2025, and could now look to move up to 200lbs in a bid to get active once again.
As for Opetaia, his mandatory position could be negated if his lawsuit against the IBF is successful and he is reinstated as their world champion, or if the winner of Benavidez-Cieslak decides to vacate the WBC world title during the aftermath.
However, should the Aussie be reinstated as a three-time IBF cruiserweight world champion, Benavidez would presumably still pursue the fight in a bid to fulfil his dream of becoming undisputed at cruiserweight.
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