Muhammad Ali Sells Rights to His Name for $50 Million
The 64-year-old has also invested in another marketing company, CKX, which will own his trademarks. Ali says, "This relationship with CKX will help guarantee that, for generations to come, people of all nations will understand my beliefs and my purpose. I am honored to be able to partner with CKX as they continue to grow."
CKX already holds the marketing rights to late rock 'n' roll star Elvis Presley and has an interest in his Graceland home.
(This news article provided by World Entertainment News Network)
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