The championship belt from Muhammad Ali’s 1974 “Rumble in the Jungle” heavyweight title match has sold at auction for $6.18 million ($5.25 million).
According to Heritage Auctions in Dallas, the belt was bid on by Jim Irsay, owner of the Indianapolis Colts.
In a tweet on Sunday, Arcey confirmed that he acquired the belt for a collection of rock music, American history, and pop culture memorabilia currently touring the country.
The belt will be displayed at Chicago’s Navy Pier on August 2 and in Indianapolis on September 9.
“Proud to be a manager!” Mr Arcei tweeted.
Chris Ivey, Director of Sports Auctions at Heritage, said, ” After watching two auctioneers go back and forth over this belt for several hours, this proved to be a battle worthy of the Rumble.” Chris stated. Ivy, Heritage’s Director of Sports Auctions, said.
The 1974 fight was one of the most memorable moments in boxing.
Ali stopped the fearsome George Foreman in Zaire, Africa, to regain the heavyweight belt. Ali won the knockout match in the Round of 16.