Source Pravda.Ru

Muhammad Ali and wife buy home near boxing great's native town

Muhammad Ali and his wife, Lonnie, have bought a $1.8 million (Ђ1.39 million) home that will bring the three-time heavyweight boxing champ closer to his native Louisville.

Mike Fox, president of the Muhammad Ali Center, told The Courier-Journal that the Alis have tried to come to Louisville to visit the center every two or three months, but that travel is becoming increasingly difficult for the 65-year-old Ali, who has Parkinson's disease.

The couple own a home in Berrien Springs, Michigan, that has been for sale and have a home in Phoenix, Arizona.

Although it is uncertain when the Alis will move, "it is our understanding that at certain times of the year they intend to spend extended time in the community they love," Fox said.

The Alis were deeply involved in construction of the Ali Center, which is a museum and education center, and in the development of its programs, reports AP.

The couple have closed on the $1,875,000 (Ђ1,444,700) home in eastern Jefferson County, according to property records.

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
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