George Foreman facing sexual abuse lawsuit, says it’s ‘extortion attempt’

Two women are accusing former heavyweight boxing champion George Foreman of sexual abuse that allegedly took place in the 1970s. Foreman vehemently denies the claims and says the women are attempting to extort him for millions.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Foreman, 73, responded to the allegations in a statement to the New York Post: "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."

Per TMZ, within the next few days a lawsuit is expected to be filed against Foreman in Los Angeles. The alleged victims each reportedly have fathers who had close friendships and working relationships with Foreman.

JAKE PAUL CALLS OUT TOMMY FURY AFTER BEING DENIED ENTRY INTO US FOR PRESS CONFERENCE

The women, per TMZ’s report, are seeking $12.5 million each from Foreman. They began what Foreman calls – an attempt to extort him – in January of this year.

In his statement, Foreman added: "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."

CLICK HERE TO GET THE FOX NEWS APP

Foreman was a two-time champion who had a career record of 76-5. His net worth is estimated to be between $200 – $300 million.