Home to the Knicks and Liberty Basketball teams and the Rangers Hockey team, Manhattan's widely known 20,000 seat indoor arena also hosts many college basketball games, track meets and tennis tournaments. The Garden is also home to a 5,600 seat theater, formerly called the Paramount, where events include musical concerts, family shows, boxing, conventions and trade shows. It is also the location of the circus when it comes to New York City, and almost any other kind of indoor activities that draw large audiences. It is also known for its place in the history of boxing. Many of boxing's most important fights were held at the Madison Square Garden, including many of Joe Louis, the Roberto Duran-Ken Buchanan affair, and the first Joe Frazier-Muhammad Ali bout. Before promoters such as Don King and Bob Arum moved boxing to Las Vegas, the Madison Square Garden was considered the Mecca of boxing. It was originally built for the sport of track cycling, which is still remembered in the name of the Madison event, which was first conducted in the Madison Square Garden.