From fightnews.com
"George Foreman was at the Soho Grand Hotel in Manhattan on Monday announcing a special one-night elimination tournament featuring eight world class heavyweights, who will battle each other in three fights of four rounds each in one exciting evening...for $5 million dollars! The event is expected to be held at the Rod Laver Arena in Melbourne, Australia in October or November. The pay-per-view event has signed heavyweights O'Neil Bell, Shannon Briggs, Chris Byrd, Steve Cunningham, Alexander Dimitrenko, Ty Fields and Samuel Peter. An eighth spot is open and top-rated heavyweights are invited to contact the promoter. A second show is planned in Manhattan in May, 2007, featuring eight world-rated middleweights.
Foreman, who will be joining broadcast partner Colonel Bob Sheridan at ringside, said at the announcement, "Everybody says boxing needs something... (the tournament) is a chance to do something different." Foreman later joked, "I would have beat Muhammad (Ali) if it had been four rounds."
The show will introduce a new scoring system, call time for instant replays and use eight high-definition cameras to capture the action for the pay-per-view audience. (More to follow.)"