Story highlights Former world heavyweight champion Muhammad Ali has pneumonia

The illness was discovered quickly, Ali's spokesman said

He is expected to be out of the hospital soon

Ali became heavyweight world champion for the first time in 1964

Famed boxer Muhammad Ali was admitted to an undisclosed hospital Saturday with pneumonia, his spokesman Bob Gunnell said.

Ali's treatment prognosis is good, he said.

"Ali, who suffers from Parkinson's disease, is being treated by his team of doctors and is in stable condition," Gunnell said in a statement.

The illness was caught early, and Ali, 72, is not expected to be in the hospital long.

"At this time, the Muhammad Ali family respectfully requests privacy," the statement said.

Muhammad Ali at the Allstate Sugar Bowl in New Orleans on January 2, 2013.

Ali was born Cassius Clay and won an Olympic gold medal as a light-heavyweight at age 18.

In 1964, he became world heavyweight champion in an upset victory against then champion Sonny Liston, according to Ali's official website.

Shortly thereafter changed his name to Muhammad Ali to reflect his conversion to Islam.

The boxer was also known for his protest against the Vietnam War and refusal to be drafted into service out of religious conviction.

He retired from boxing in 1981 and announced his diagnosis with Parkinson's Disease three years later.