...
Post A Reply
my profile
|
directory
login
|
register
|
search
|
faq
|
forum home
»
EgyptSearch Forums
»
Deshret
»
USA Blacks And The Sport Of Boxing: The Greatest In The World!
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by the lioness,: [QB] [QUOTE]Originally posted by Narmerthoth: [QB] For your future reference, the way payroll is performed in the sport of boxing; Boxer: Lump sum Purse IRS: 20-30% off the top Promoter: 10-30% of purse Manager: 10% of purse Trainer: 3-5% of purse So, if the boxer's purse is $1,000,000... I.R.S.: $200,000 to $300,000 Promoter: $100,000 to $300,000 (This is what Herbert Muhammed received) Manager: $100,000 (Herbert also acted as manager) Trainer: $30,000 to $50,000 (This is what Angelo Dundee received) [/QUOTE]Herbert Muhammad was Ali's manager 1966-1981 his percentage was 33 1/3 % Bob Arum was Ali's promoter 1966-1978 but Herbert Muhammad was also silent partner in Ali's promotions as you mention Gene KIlroy, Ali's business manager Don King, promoter "Rumble in te Jungle" The Rumble in the Jungle was a historic boxing event in Kinshasa, Zaire (now Democratic Republic of the Congo) on October 30, 1974 (at 4:00 am). Held at the 20th of May Stadium (now the Stade Tata Raphaël), it pitted the undefeated world heavyweight champion George Foreman against challenger Muhammad Ali, a former heavyweight champion. The attendance was 60,000. Ali won by knockout, putting Foreman down just before the end of the eighth round. It has been called "arguably the greatest sporting event of the 20th century". The event was one of Don King's first ventures as a professional boxing promoter. Don King has been involved in many litigation cases with boxers that were focused on fraud. In 1982 he was sued by Muhammad Ali for underpaying him $1.1 million for a fight with Larry Holmes. King called in an old friend of Ali, Jeremiah Shabazz, and handed him a suitcase containing $50,000 in cash and a letter ending Ali's lawsuit against King. He asked Shabazz to visit Ali (who was in hospital due to his failing health) and get him to sign the letter and then give Ali the $50,000. Ali signed. The letter even gave King the right to promote any future Ali fights. According to Shabazz, "Ali was ailing by then and mumbling a lot. I guess he needed the money." Shabazz later regretted helping King. Ali's lawyer cried when he learned that Ali had ended the lawsuit without telling him. ____________________________________________ AUDIO: Bob Arum, Ali promoter Interview "90 Percent of Americans Opposed Ali" https://www.youtube.com/watch?v=4jObnGUiedg [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
EgyptSearch!
(c) 2015 EgyptSearch.com
Powered by UBB.classic™ 6.7.3