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Muhammad Ali: On Why Wealth is Important

» 25 February 2012 » In Boxing, People, Style » 3 Comments

Muhammad Ali: On Why Wealth is Important

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Side note:

The picture above was taken at the original The 5th St. Gym, Miami Beach.

Here is a little article on The re-opened 5th Street Gym:

Through a slumping economy and a rapidly changing boxing landscape, the owners have established 5th Street Gym as a landmark in its own right.

The secret, Baiamonte said, is in the spirit.

“A lot of gyms are so money-hungry, that all they care about is, ‘OK, this is what you have to pay, and that’s it,’ ’’ Baiamonte said. “Here, we won’t do that. Here, it’s just being friendly. That’s the one thing Angelo always did: He was friendly with everybody.”

Baiamonte is one of several “Dundee disciples,” a group of trainers who honed their craft under the late Angelo Dundee. A self-described gym rat, Baiamonte began working with Dundee in 2000, and in 2009 he decided he wanted to reopen the 5th Street Gym. As he looked into different options, he joined forces with the Chicago duo of Spencer — also a trainer — and Tsatas —a businessman and boxing enthusiast.

All that’s left of the original location is a plaque, and so Baiamonte, Spencer and Tsatas bought a space one block north, at 555 Washington Ave.

Now, the 5th Street Gym’s legacy is displayed on the walls of the new location with fight posters dating to Muhammad Ali’s storied 1964 upset victory over Sonny Liston. Baiamonte even brought in a window from the original gym and the sign that welcomed visitors from 5th Street.

Still, the owners know they’ve got to pave a legacy of their own.

“Don’t try to copy,” Dundee told the trio. “You’ve got to create.”

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