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INTER-CONTINENTAL PROMOTIONS, INC. v. MacDONALD

No. 22685.

367 F.2d 293 (1966)

INTER-CONTINENTAL PROMOTIONS, INC., Appellant, v. William B. MacDONALD, Jr., and New Amsterdam Casualty Company, Appellees.

United States Court of Appeals Fifth Circuit.

October 10, 1966.

Attorney(s) appearing for the Case

Mallory H. Horton, Miami, Fla., for appellant.

Marion E. Sibley, Miami Beach, Fla., for appellees.

Before WISDOM and COLEMAN, Circuit Judges, and HUGHES, District Judge.

WISDOM, Circuit Judge:

Before a small crowd in Miami Beach, Florida, February 25, 1964, Cassius Clay (Muhammad Ali) knocked out "Sonny" Liston in the seventh round of a lackluster prize fight for the heavyweight championship of the world. Inter-Continental Promotions, Inc. owned both fighters. William B. MacDonald, the on-the-scene promoter, had agreed to pay Inter-Continental $625,000 for the live gate rights. Unfortunately for MacDonald, the gate receipts amounted...

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