Lorenzo Fertitta pays $1.1 million to buy Muhammad Ali's boxing gloves and hear Bob Arum say 'I love the UFC'

NEW YORK NY - JANUARY 13: Lorenzo Fertitta UFC Chairman and CEO looks on during a press conference to announce commitment to bring UFC to Madison Square Garden and New York State at Madison Square Garden on January 13 2011 in New York City. (Photo by Michael Cohen/Getty Images)

How much did it cost ZUFFA co-owner and Ultimate Fighting Championship (UFC) CEO Lorenzo Fertitta to hear fossilized fight promoter Bob Arum say "I love the UFC?"

Around $1.1 million.

The whopping payout also scored him a pair of Muhammad Ali's boxing gloves. Not just any old pair, either, but the same ones he used to defeat Floyd Patterson in their 1965 heavyweight title fight in Las Vegas, Nevada, according to ESPN.com.

Fertitta was on hand for the red carpet fundraiser, held at "Sin City's" MGM Grand Resort and Casino, to honor Ali's 70th birthday, as well as raise money for brain research, including the Cleveland Clinic Lou Ruvo Center for Brain Health and the Muhammad Ali Center in Louisville, Kentucky.

"The Greatest" has been fighting Parkinson's disease for almost 30 years.

So, how does Arum factor into the equation?

"Bigot Bob," who in the past referred to UFC fighters as juiced-up homosexual skinheads, was forced to drop his usual anti-MMA tirade and play nice during the auction, because Fertitta would only raise his bid for the famous gloves, which at the time was approaching $750,000, if Arum openly admitted he loved the UFC.

He did, and Fertitta immediately tweeted his moral and financial victory.

The star-studded affair, which attracted over 2,000 attendees along with a who's-who of celebrities and sports stars, will air this Saturday night (Feb. 25, 2012) on ABC and ESPN.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join MMAmania.com

You must be a member of MMAmania.com to participate.

We have our own Community Guidelines at MMAmania.com. You should read them.

Join MMAmania.com

You must be a member of MMAmania.com to participate.

We have our own Community Guidelines at MMAmania.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_5349_tracker