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Biggest Payday. What the champion had to announce after the fight, though, was far more interesting than the bout: on Oct. 1 in Manila, Ali will fight ex-Titleholder Joe Frazier. The purse, put up by the Philippine government, guarantees $4.5 million for Ali and $2 million for Frazier. Counting closed-circuit TV and other "ancillary" income, Ali should take home close to $8.5 million, Frazier $4.5 million-the biggest payday in the history of sport. As if they needed a down-to-earth incentive, the two fighters shook hands on a whopping $1 million personal bet. "It will...

Author: /time Magazine | Title: Sport: Next Stop, Manila | 7/14/1975 | See Source »

...Most people would rather deposit with me than the Federal Reserve," he says of his days in the policy game. Not long after his return to Cleveland, he helped promote a charity boxing exhibition, and was soon putting together rights of his own. King's first big-time bout as promoter was Foreman's championship defense against Ken Norton in Caracas in March 1974. Even before that fight took place, King was busy bidding for and eventually tying up the Foreman-Ali showdown. Ali has fought for no other promoter since...

Author: /time Magazine | Title: Sport: From Killer to King | 6/30/1975 | See Source »

Died. James Phinney Baxter, 82, president of Williams College from 1937 to 1961; in Williamstown, Mass. A 1914 Williams graduate, Maine-born Baxter headed for Wall Street but, after a bout with tuberculosis, turned to teaching history, first at Colorado College, later at Harvard. Brought to Williams as president in 1937, he transformed the college over the next 24 years from an undemanding educational country club where the average grade was D + to a serious meritocracy by increasing scholarship aid, strengthening the faculty and quadrupling the academic budget. During World War II he was historian for the Office of Scientific...

Author: /time Magazine | Title: Milestones, Jun. 30, 1975 | 6/30/1975 | See Source »

...championship of the Common Market cause; he almost seemed intent on boring his countrymen into voting yes. The referendum campaign nevertheless caught fire in its final days, generating as much confusion as clarity. Pro-and anti-Marketeers continued to engage in what the Duke of Edinburgh called a "bout of statisticuffs." Each side drew upon the same meager data to make contradictory claims about the impact of EEC membership upon the British economy. While anti-Europeans argued that a yes vote would be the death knell for British sovereignty, former Prime Minister Edward Heath, a tireless pro-Europe campaigner, hailed...

Author: /time Magazine | Title: BRITAIN: Saying 'Yes' to Europe | 6/16/1975 | See Source »

...forced to push his Class Day speaking commitment up a week to accommodate his training schedule for a forthcoming bout on June...

Author: By Richard J. Doherty, | Title: Professor Muhammed Ali Delivers Lecture; Poems and Parables Fill Talk on Friendship | 6/9/1975 | See Source »

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