Originally Posted by doug.ie
elaborate on that one ^^
Sonny Liston will make 5-times more money as an officer (President) of
Inter-Continental-Promotions than if he had regained the Championship Title
from Cassius Clay on May 25, 1965.
As a fighter, you can also 'not' be the promoter of a fight, as per
the rules with boxing commissions in all governing states.
If Sonny Liston regained the Championship, he would have only be able
to collect 30% of his fight purse, after taxes. (70% marginal tax rate).
But, as a fight promoter, he would have been taxed on the corporate rate.
I-C-P had the rights to promote Cassius Clay's next fight, (after Lewiston, Maine).
Sonny would have reaped in more money as an Officer of I-C-P, than actually
fighting in the ring.
Plus, the Cassius Clay vs. Floyd Patterson bout was a 'certified blockbuster',
with an estimated gross revenue of $5,000,000.
If Sonny Liston had regained the Championship on May 25, 1965 - what do you
think would have been the next fight.
Maybe George Chuvalo or Ernie Terrell, which would have been lucky to do $500,000.