Ali to receive $8M
NZPA-Reuter Los Angeles Muhammad Ali will receive SUSB million for fighting Larry Holmes for the : World Boxing Council heavyweight championship in Rio de Janeiro on July 11, said a co-promoter, Murad Muhammed, in Los Angeles yesterday. Holmes, the W.B.C. champion, wlil receive SUS 3.7 million. As has happened before in Ali fights, the challenger will receive more than the champion. Muhammed, a former bodyguard to Ali, has said he
would raise the money for the fight, which he is promoting with Don King. Ali, aged 38, who retired from boxing after he beat Leon Spinks in September, 1978, to become the first man to win the world heavyweight championship three times, said yesterday he would be in physical shape in two months to fight Holmes, aged 31. Holmes said yesterday in Easton, Pennsylvania, that he had agreed to the fight and would sign a contract when he received an advance payment of SUSIOO,OOO.
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Press, 19 April 1980, Page 60
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157Ali to receive $8M Press, 19 April 1980, Page 60
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