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
George Foreman by the WBA and WBC. In 1972, still undefeated and with an impressive knockout record, Foreman was set to challenge undefeated and Undisputed World Heavyweight Champion Joe Frazier. Despite boycotting a title elimination caused by the vacancy resulting from the championship being stripped from Muhammad Ali, Frazier had won the title from Jimmy Ellis and defended his title four times since, including a 15-round unanimous decision over the previously unbeaten Ali in 1971 after Ali had beaten Oscar Bonavena and Jerry Quarry. Despite Foreman's superior size and reach, he was not expected to beat Frazier and was a 3:1 underdog