Muhammad Ali's WBC 'Rumble in the Jungle' belt bought for $6.18 million by Indianapolis Colts owner

By Issy Ronald, CNN

Updated 1330 GMT (2130 HKT) July 25, 2022

Muhammad Ali's WBC belt was bought for $6.18 million by Indianapolis Colts owner.

(CNN)Muhammad Ali's historic 'Rumble in the Jungle' WBC belt has sold for $6.18million at auction to Indianapolis Colts owner Jim Irsay.

The NFL team owner <a href=«https://twitter.com/JimIrsay?ref_src=» https: edition.cnn.com target="_blank">confirmed on Twitter that he had added the belt to his collection. «Proud to be the steward!» he said.Ali won the WBC heavyweight championship belt in 1974 with victory over George Foreman in Kinshasa, Zaire (now the Democratic Republic of Congo), where he employed his rope-a-dope tactic for the first time.The fight marked Ali's return to competitive boxing after he was stripped of his boxing license and his World Boxing Association title for refusing induction into the US Armed Forces to fight in Vietnam seven years earlier.The belt first entered the public domain in 1988 when the contents of Ali's late boxing coach Drew «Bundini» Brown's storage lockers were sold at auction.Read MoreIt is one of two WBC belts belonging to Ali after the fight that are known to exist; the other remains in a private collection.And it is the highest price fetched by a sports collectible sold at Heritage Auctions.«After several hours of watching two bidders go back and forth over this belt, this proved to be a battle worthy of the Rumble itself,» Chris Ivy, Heritage's Director of Sports Auctions, said in a press release.«We're just thrilled this extraordinary piece of boxing history — of sports history, of cultural history — found such an exceptional caretaker who will now share it with the rest of the world.»Jim Irsay already has a collection that contains lots