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Old 11-16-2012, 12:12 PM   #15
Senor Pepe'
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Default Re: Sonny Liston - Had To Lose In Lewiston, Maine

Quote:
Originally Posted by doug.ie View Post
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.
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