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Old 01-19-2011, 12:25 PM   #1
Il Duce
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Default Cassius Clay 'Broke' (May 1966)

Cassius Clay Jr. is 'dead broke'.

After the so-called millions of dollars made, the Champion, also known as
Muhammad Ali is out of money.

He still owes his management team, The Louisville Sponsoring Group
$50,000, who lent him money, to cover his ever-growing expenses.

Cassius Clay, who went on a recent exhibition tour in Europe in early 1966, has added quite a few characters to his pay-roll.

One is Herbert Muhammad, son of Elijah Muhammad.
No one is quite sure of what he does.
He is supposed to be the Business Manager, at a salary of $300 / Week.
But no one knows what business he manages, and whether he is qualified to understand contracts, let alone read them.

On the recent trip to Europe, Herbert Muhammad was paid $1300, for
his duties.
Angelo Dundee was asked, What does Herbert Muhammad do?, and Mr. Dundee stated, "no one knows what he does".
Angelo further stated, "the only thing I saw him do, was help put
Muhammad's gloves on".
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Old 01-19-2011, 12:31 PM   #2
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Default Re: Cassius Clay 'Broke' (May 1966)

Quote:
Originally Posted by Il Duce View Post
Cassius Clay Jr. is 'dead broke'.

After the so-called millions of dollars made, the Champion, also known as
Muhammad Ali is out of money.

He still owes his management team, The Louisville Sponsoring Group
$50,000, who lent him money, to cover his ever-growing expenses.

Cassisu Clay, who went on a recent exhibition tour in Europe in early 1966, as added quite a few characters to his pay-roll.

One is Herbert Muhammad, son of Elijah Muhammad.
No one is quite sure of what he does.
He is supposed to be the Business Manager, at a salary of $300 / Week.
But no one knows what business he manages, and whether he is qualified to even read contracts, let alone understand them.

On the recent trip to Europe, Herbert Muhammad was paid $1300, for
his duties.
Angelo Dundee was asked, what Herbert Muhammad does, and Mr. Dundee
stated, "no one knows what he does".
Angelo further stated, "the only thing I saw him do, was help put
Muhammad's gloves on".
Interesting post. In the beginning,Herbert M seemed to be very good for Ali's interests,but turned out to be a charlatan. He did many questionable things. I've always thought that he would have been the only man who could have talked Muhammad out of signing for the Holmes fight,if he'd chosen to. Money talks Having said all that,the fight game is littered with those who rip fighters off. Always has been.
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Old 01-19-2011, 01:44 PM   #3
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Default Re: Cassius Clay 'Broke' (May 1966)

I've just finished Tom Hauser's book on Ali's Life and Times. More than Herbert were ripping him off and it still continues to this day.

Bundini Brown ripped him off and others in group.
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Old 01-19-2011, 01:46 PM   #4
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Default Re: Cassius Clay 'Broke' (May 1966)

Herbert. Awful name. Avoid Herberts.
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Old 01-19-2011, 01:56 PM   #5
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Default Re: Cassius Clay 'Broke' (May 1966)

Unless,,,,, it's 'Herbie,,,,,,,"The Love Bug"'

The businessmen from LSG were heart-broken over Muhammad Ali's decision.
They had provided him with the best attorneys and business advisors.
All their work went down the drain.

Their were hard feelings, when Muhammad Ali contacted them in 1967, to help him out of the U.S. Military issue, after he turned his back on 'them white devils' in 1966.
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Old 01-19-2011, 01:59 PM   #6
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Default Re: Cassius Clay 'Broke' (May 1966)

rudy clay was drawing a salary as well i hear,and nobody ever knw what he was doing either

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Old 01-19-2011, 02:19 PM   #7
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Default Re: Cassius Clay 'Broke' (May 1966)

Angelo Dundee was getting $300 /Week, plus bonuses back then.

I think Rudy Clay was sometimes a sparring-partner, and sometimes the training
camp manager in charge of sparring partners, washing the cars, personal valet, etc.
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Old 01-19-2011, 02:22 PM   #8
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Default Re: Cassius Clay 'Broke' (May 1966)

Quote:
Originally Posted by Il Duce View Post
Angelo Dundee was getting $300 /Week, plus bonuses back then.

I think Rudy Clay was sometimes a sparring-partner, and sometimes the training
camp manager in charge of sparring partners, washing the cars, personal valet, etc.
i kno he was on a few of ali's under cards.
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Old 01-19-2011, 03:16 PM   #9
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Default Re: Cassius Clay 'Broke' (May 1966)

There was a whole new crew in their, in 1966.

I think they were making arrangements to be picked up by the Mother of Planes.
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Old 09-11-2012, 02:05 PM   #10
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Default Re: Cassius Clay 'Broke' (May 1966)

May 1966

Jack Olsen,

As the world of reality slips away from Cassius Clay, the constrictive tentacles of the Black Muslims draw more
tightly around him.

Out of money, his only friends are a colony of parasites. Clay is uneasy with fame, and listens to no counsel but
his own -

Gordon Davidson, an Attorney with LSG - The money just goes. He only took home $105,000 for the
Chuvalo fight. That is apalling for a Heavyweight Champion. Cassius is soon finding out, that there is no
joy in becoming a Champion of Nothing.

Last edited by Senor Pepe'; 09-11-2012 at 02:28 PM.
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Old 09-11-2012, 03:11 PM   #11
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Default Re: Cassius Clay 'Broke' (May 1966)

Herbutt got 20% scary but true.
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Old 09-11-2012, 05:03 PM   #12
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Default Re: Cassius Clay 'Broke' (May 1966)

His first wife 'Sonji Roi' negotiated a nice $15,000 per year divorce settlement,
plus he had to 'fork over' $22,500 for her lawyer fee's.

For 10-years 'no less'.

Later she said,,,,,,"He was no Champion in the bedroom, he performed like a preliminary
fighter. I felt that he needed more seasoning."

[Only registered and activated users can see links. ]

Last edited by Senor Pepe'; 09-11-2012 at 05:13 PM.
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Old 09-11-2012, 10:56 PM   #13
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Default Re: Cassius Clay 'Broke' (May 1966)

Quote:
Originally Posted by HMSTempleGarden View Post
I've just finished Tom Hauser's book on Ali's Life and Times. More than Herbert were ripping him off and it still continues to this day.

Bundini Brown ripped him off and others in group.
All of the above was well known throughout Ali's career.
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Old 09-11-2012, 11:01 PM   #14
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Default Re: Cassius Clay 'Broke' (May 1966)

Quote:
Originally Posted by Il Duce View Post
Unless,,,,, it's 'Herbie,,,,,,,"The Love Bug"'

The businessmen from LSG were heart-broken over Muhammad Ali's decision.
They had provided him with the best attorneys and business advisors.
All their work went down the drain.

Their were hard feelings, when Muhammad Ali contacted them in 1967, to help him out of the U.S. Military issue, after he turned his back on 'them white devils' in 1966.
I forgot he called them "White Devils" back in 1967.

Ali credibility began to fall as the Nation of Islam muscled into his career.
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