Ex-boxer Foreman buys into Panther Racing team

George Foreman, who twice won the world heavyweight boxing championship, has bought a part of Panther Racing, the Indianapolis company said today. Terms of the deal were not disclosed.

Foreman will add savvy honed by years of involvement in professional sports, team owner John Barnes said in a statement.

The Indy Racing League team has three cars entered in the Indianapolis 500.

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