Ali, a three-time heavy weight boxing champion from Louisville, earned the belt in the 1970s.
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Dixon, 24, who last fought at Louisville Memorial Auditorium in January 2020, takes on Moises "Chucky" Flores.
Carlos Dixon, the current World Boxing Council (WBC) Junior World Super Featherweight Champion, will fight on July 2 at Iroquois Amphitheater in south Louisville.
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Dixon will instead fight Christian Esquivel, a 34-year-old from Temoaya, México, in Saturday's main event.