George Foreman vs. Joe Frazier II Norton by knockout in the first and second rounds respectively. Foreman, however, lost his titles to Muhammad Ali in "The Rumble in the Jungle" in October 1974, by KO in the eighth round. The following year, Frazier finally got his first chance to regain the heavyweight titles, challenging Ali in a fight dubbed the "Thrilla in Manila", though he lost by technical knockout in the 14th round. After his defeat at the hands of Ali, Foreman was out of boxing for over a year, sitting out all of 1975. He returned in January 1976 to defeat Ron Lyle and capture
George Foreman vs. Ken Norton hard-hitting champion and given little chance of obtaining a victory. A week before the fight had happened, promoter Don King, banking on a victory by Foreman, had already inked a deal that would see Foreman make his next defense against Ali in the "Rumble in the Jungle." A 3 to 1 underdog, Norton was back in a familiar position, promised less money than Foreman ($200,000 to the $500,000 George was guaranteed), and deemed a solid underdog to the hard-slugging Texan. If Caracas seems like a strange destination to hold a heavyweight boxing event, there was a practical reason it was