Wednesday, April 12, 2006

Muhammad Ali sells rights to name, likeness

Famed boxer will get $50 million in exchange for giving up majority control of the rights to his name and image.

He may always be known as "The Greatest", but famed prizefighter Muhammad Ali will now have to share the rights to his name and likeness.Entertainment and licensing firm CKX announced Tuesday that it is paying Ali $50 million in cash in exchange for selling 80 percent interest of his name and likeness.

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