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#1 |
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Belt holder
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May 25, 1965
Sonny Liston, had to lose in his Championship Bout with Cassius Clay. 1) Every boxing commission in the United States had already banned him, except for the State of Maine. 2) Even if he had won, there was no place he could have defended his Championship 3) Even in Europe, he would not have been able to get a bout with a decent Challenger. 4) Sonny Liston would make 5-times more money as an Officer in I-C-P promoting Cassius Clay's next fight, than if he had won the Heavyweight Championship and received a fight purse. 5) If Sonny had won, there was no way a 'third bout' with Cassius Clay would take place anyway. |
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#3 | |||
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Diamond Dog
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#4 |
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Undisputed Champion
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What was the point of the fight in Lewiston, Maine anyway ?
Did it make any money with the theatre TV ? Just about every one of Sonny Liston's title fights was a farce. 3/4 of them anyway. The first fight with Patterson was necessary. Liston's next 3 outings were cynical or comical insults to the intelligence of boxing fans (most of whom may not have had much intelligence, granted). |
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#7 | |
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Belt holder
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operators, with $3,500,000 in signed contacts. It had to go through, or law suits galore would have taken place. The Clay-Liston II bout did approximately $4,200,000 in gross receipts. I-C-P and the Las Vegas wheels had already pre-negotiated a Clay vs. Patterson bout for late-1965. That fight was the 'only' real big money fight out there. |
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#8 | |
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Contender
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If Clay had lost in Lewiston, the Clay-Patterson fight wouldn't have been worth anything. |
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#9 | |
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Belt holder
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Gross Receipts..........$5,350,000 Inter-Continental-Promotions reaped in 20%, $1,000,000 plus. Had Sonny defeated Cassius Clay in May 1965, there was no place to go. Sonny was also banned from fighting in Canada, so a George Chuvalo bout was impossible. |
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#11 | |
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Undisputed Champion
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It's hard to say how much, but by the 1980s the casinos were paying the promoters to bring fights to them (rather than the promoters hiring the venue), so the receipts must be significant. |
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#12 |
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Belt holder
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Some money numbers,,,,,,,
With I-C-P in control Sonny Liston vs. Cassius Clay I......Gross Recepits....$4,922,000 (Live Gate - $400,000) Cassius Clay vs. Sonny Liston II......Gross Recepits....$4,400,000 (Live Gate - $200,000) Cassius Clay vs. Floyd Patterson.....Gross Receipts....$5,350,000 (Live Gate - $300,000) After Inter-Continental-Promotions completed their 2-fight option contract with Cassius Clay, they were off in another direction. |
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#13 | |
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Contender
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That's without even watching it. |
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#14 | |
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Belt holder
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And Las Vegas would never have sanctioned a Sonny Liston vs Floyd Patterson III bout. Plus, Sonny's contracts were all under scrutiny. He was done in the United States, and all other countries with a Boxing Commission. The only reason it got to Lewiston, Maine - is beacuse they were desperate for anything, and William Faversham Jr. had connections up there. |
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#15 |
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Belt holder
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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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