Computer Executive Bids $30,000 to Knock Out Lohan

He's taken his lumps in the tabloids, now he'll be ducking swings in the boxing ring.

Michael Lohan, the estranged father of actress Lindsay Lohan, will face Bob Venero, the president of Future Tech Enterprise, in an upcoming charity boxing match.

Organizers said Tuesday that Venero bid $30,000 to knock Lohan out.

Lohan last week put himself up to the highest bidder for the chance to fight him in the Nov. 24 match at the Hilton Long Island in Melville, N.Y. Proceeds will go to charities including the Long Island Community Chest, which provides financial support to needy families.

Sponsors Fight for Charity say actor Stephen Baldwin has agreed to be a judge.

In the past, Lohan has publicly feuded with his actress daughter and her mother, Dina Lohan.