The July 4, 1923, heavyweight title fight between Jack Dempsey and Tommy Gibbons in Shelby, Montana, stands out as one of the most economically disastrous events in boxing history.

Dating back to when Cornish born ‘Ruby Bob’ Fitzsimmons dumped ‘Nonpareil’ Jack Dempsey 13 times to bag the world title in New Orleans, way back in 1891, the mi ...