George Foreman, 73, says he is being extorted for millions of dollars over claims he sexually abused two women

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BOXING legend George Foreman claims he is facing sexual assault allegations from two women who have been trying to extort him.

The 73-year-old, who has categorically denied the allegations, has revealed his accusers have been trying to get “millions of dollars” from him and his family.

Former two-time world heavyweight champion Foreman released a statement and vowed to expose the women in court.

He has stated that he will clear his name of the allegations that he abused the pair in the 1970s.

According to TMZ, the women have been demanding the 1968 Olympic gold medallist pay them $12.5million [£10.5m] each.

The news outlet reports that a lawsuit is expected to be filed against Foreman in Los Angeles this week.

It alleges that the fathers of the accusers had a friendship with Foreman as well as a working relationship decades ago.

Foreman has insisted it is all lies and he will not be intimidated by their threats.

In a statement released on Wednesday, he said: “Over the past six months, two women have been trying to extort millions of dollars each from me and my family.

“They are falsely claiming that I sexually abused them over 45 years ago in the 1970s.

“I adamantly and categorically deny these allegations.

“The pride I take in my reputation means as much to me as my sports accomplishments, and I will not be intimidated by baseless threats and lies.

“I am, and always will be, guided by my faith and trust in God.

“I will work with my lawyers to fully and truthfully expose my accusers’ scheme and defend myself in court.

“I don’t pick fights, but I don’t run away from them either.”

In a career that spanned across four decades from 1969-1997, Foreman won a whopping 76 out of 81 fights, with 68 of his victories coming by way of knockout.

Foreman remains the oldest world heavyweight champion in history after defeating Michael Moorer at the age of 45 and 299 days in 1994.

His emphatic career was recognised in 2003 when he was inducted into the International Boxing Hall of Fame.

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