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Ali sells own name for $50 million


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Old 04-11-2006, 04:44 PM   #1 (permalink)
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Ali sells own name for $50 million
This comes form foxsports.


NEW YORK (AP) - Muhammad Ali, one of the world's most recognized people, has sold 80 percent of the marketing rights to his name and likeness to a firm for $50 million.

The 64-year-old former heavyweight champion, who suffers from Parkinson's disease, will retain a 20 percent interest in the business. The new venture will be operated by a company called G.O.A.T. LLC, an acronym for "The Greatest of All Time."

Ali and wife Lonnie are expected to work with CKX, Inc. to market his interests around the world. The deal includes trademarks owned by the boxing great.

"This relationship with CKX will help guarantee that, for generations to come, people of all nations will understand my beliefs and my purpose," Ali said in a statement issued Tuesday by the company. "I am honored to be able to partner with CKX as they continue to grow."

CKX has concentrated primarily on entertainment and holds the rights to the IDOLS television brand, which includes the show "American Idol." It also holds the rights to Elvis Presley's marketing, and has an interest in the operations of Graceland, Presley's Memphis, Tenn., home.

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Old 04-11-2006, 05:04 PM   #2 (permalink)
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AKA no more Ali in Fight Night games :icon13:


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Old 04-11-2006, 05:26 PM   #3 (permalink)
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Wonder how much Mo, Kenny and Scorpio got for their names?
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Old 04-11-2006, 06:03 PM   #4 (permalink)
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This is crap. I feel bad for Ali, he doesn't even know what's he's doing anymore.
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Old 04-20-2006, 03:40 AM   #5 (permalink)
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Well, he just made 50 million dollars and retains 20 percent royality rights so he knows something about what he's doing.

This kind of stuff happens to big celebrities all the time. A big company like this can ensure a bunch of different oppurtunties for him. His family is going to be extremely wealthy long after he passes away; I'm sure that's what he had on his mind.
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Old 04-20-2006, 08:51 AM   #6 (permalink)
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It's not even his name the theiving scondrel.
I had a sig, once.
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Old 04-20-2006, 09:29 AM   #7 (permalink)
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Quote:
Originally Posted by K Jay
It's not even his name the theiving scondrel.
True dat.

I bet he's not even black, not like Rambo
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