Muhammad Ali's title belt from his 1974 "Rumble in the Jungle" victory over George Foreman was acquired for $6.18 million (49 CRORES) by Indianapolis Colts owner Jim Irsay.
The title belt that Muhammad Ali won in the 1974 "Rumble in the Jungle" fight against George Foreman fetched an astounding $6.18 million (£5.15 million) at auction on Sunday.
In the illustrious Ali vs. Foreman match, which happened in Zaire, Foreman was defeated by the heavyweight superstar.The offer was won by Jim Irsay, CEO of the Indianapolis Colts.
"Muhammad Ali's title belt from the 1974 'Rumble in the Jungle,' when he defeated George Foreman with his rope-a-dope—-just added to @IrsayCollection." Irsay took to Twitter.
Perfect timing for the Navy Pier performance on August 2!" (and Sept. 9 at Indy). "I'm honoured to be the steward," he continued.
'Here we present the primary emblem of that wonderful success, the WBC Heavyweight Championship belt obtained for Muhammad Ali's victory against George Foreman in the famed "Rumble in the Jungle," a Heritage Auctions spokeswoman stated.
After draining the Foreman storm's thunder and unleashing his own lightning to knock Goliath out cold, Ali finally finished the difficult climb back to the peak of the sport, seven years after it had been wrongfully taken from him.
The piece's historical importance—possibly the most significant boxing trophy ever offered for sale at public auction—is quite simply incalculable.