Off Topic Messages

First, The King.........now The Greatest!

Mon Apr 17, 2006 9:33 pm

Muhammad Ali sells marketing rights

NEW YORK (AP) — Muhammad Ali, one of the world's most recognized people, has sold 80% 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% 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, home.


The sad thing is that I could always get all the Ali autographed items I needed for charity auction through G.O.A.T. in no time at all and now my contact has said that she can no longer send anything without CKX approval. The winds of change continue to blow.

Tom

Mon Apr 17, 2006 10:49 pm

See what happens when ya go away for a week Tom! :wink:

...better watch out Gregory is gonna get upset with the double posts on subject! lol :lol:

JEFF d
EP fan

Tue Apr 18, 2006 3:14 am

JEFF d wrote:See what happens when ya go away for a week Tom! :wink:


Well, what I've lost in convenience, I've gained in CKX stock performance.

Tom

P.S. I do apologize for the double post. Please don't have me flogged or banned.

Thu Apr 20, 2006 2:45 pm

Hmmmmm..........

Elvis has his music to carry him forward to successive generations.

Ali doesn't.

His sporting achievements and his personality made him world famous, but he is starting to fade in the publics' collective memory a bit now......

Might not be such a good investment.

Thu Apr 20, 2006 4:22 pm

ColinB wrote:His sporting achievements and his personality made him world famous, but he is starting to fade in the publics' collective memory a bit now......


Perhaps that's exactly why they did it. Personally, I think CKX got a great bargain on this one. Time will tell, though.

Tom