INDIANAPOLIS -- Colts owner Jim Irsay made a major late-night acquisition at a hefty price tag.
Irsay's latest move wasn't football related at all. Instead, it is the newest addition to his growing historic collection: Muhammad Ali's WBC championship belt won in the fighter's 1974 "Rumble in the Jungle" victory over George Foreman in Zaire.
Irsay acquired the item for $6 million at auction after a bidding process that lasted until nearly 4 a.m. Sunday morning. It is considered one of the most treasured examples of boxing memorabilia in existence. According to Heritage Auctions, the belt is one of just two known Ali WBC belts; the other is held in a private museum collection and unlikely to be sold, according to the company.