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~ MARGOLIS SAID HE WAS SURE THAT NILON MUST HAVE KNCUN THAT IMARGOLIS WOULD SHARE IN LISTON'S INTERESTS. NILON MUST HAVE ASKED U__ HIMSELF *WHAT'S KE DICKERING FOR -- FOR NOTHING?" MARGCLIS SAID. i | wwHE SAID HE FIRST GOT INTO THE NEGOTIATIONS WHEN PHILADELPHIA "BOXING WRITER JACK FRIED TOLD HIM OF NILON'S SCHEME INVOLVING LISTON*’S SHARING IN THE PROMOTION, MARGCLIS SAID HE FIRST WENT TO SEF NILON ABCUT IT IN {S61 AND THEREAFTER NURSED THE PROPOSAL THROUGH MANY OTHER MEETINGS WITH NILON AND LISTON DURING WHICH LISTON WAS BOUND BY OTHER CONTRACTS FOR OTHER FIGHTS, a "SONNY AND I KAD A VERBAL AGREEMENT THAT ANYTHING I GOT WAS HALF WINE ,»® SAID MARGOLIS, COMMENTING THAT THE DEAL INVOLVED ONLY THE PROMETIONAL EARNINGS AND NOT PURSES OR FEES FOR FXMIBisIONS AND THE LIKE, HE SAID HE WAS NOT PRESENT WHEN THE STOCK WAS FORMALLY ISSUED IN INTERCONTINENTAL BUT UNDERSTOOD THAT HALF CF LISTON*S WAS ISSUED To LISTON "IN BLANK,® HE CONCEDED THAT HE DID NOT UNDERSTAND THAT TERM AND ASKED CHAIRMAN PHILIP A. HART, D-MICK., AT ONE POINT, TO GET THE QUESTICNING "DOWN TOC MY LEVEL™ AND SAID KE KAD PROGRESSED ONLY THROUGH THE EIGHTH GRADE IN SCHOOL, | AFTER A LONG CONFERENCE WITH ATTORNEY MCLAUSHLIN, MARGOLIS SAID HE IS CURRENTLY IN THE ®VENDING BUSINESS." IN THE DISCUSSION ABOUT THE QUESTIONING OF MARGOLIS MCCLELLAN, ONE OF THE SENATE’S TOP INVESTIGA- TORS, STRESSED THAT THE COMMITTEE NEEDS TO KNOW, FOR ITS LEGISLATIVE WORK WHETHER THERE HAS BEEN "UNDERWORLD INFLUENCE" IN BOXING WITHCUT BEING SPECIFIC, MARGOLIS SAID HIS RESTAURANT ENTERPRISE VAS PRIOR TO HIS THREE-YEAR CAREER IN VENDING. HE SAID KE AND A CARLO MCSIANO (CR MUSCIANO) RENTED FACILITIES ON SCUTH 39TH sist PHILACELPHIA AFTER WHICH A CORPORATION WAS FCRMED WITH MA oor Sy, HIS WIFE AND PALERMC EACH HOLDING 25 PER CENTOF THE STOCK WITE THE REST HELD BY MOSIANO AND HIS VIFE ROSE. _ MARGOLIS SAID MOSIANO IS THE SON-IN-LAW OF PALERMO WITH WHOM HE, MARGOLIS, RA INTAINS A *SOCIAL® RELATIONSHIP, ' 3/30--GE1 51 oe eee