Lindsay Lohan Paris Hilton Boxing Match $500K “Battle Of The Bad Girls Of Hollywood”

Frenemies Lindsay Lohan and Paris Hilton have been offered a Golden Gloved-opportunity to settle the score.

Our money’s on the redhead!

Damon Feldman, CEO of the Hollywood Boxing Federation, wants the Tinseltown baddies to take part in a high-profile celebrity prize fight — and he’s more than willing to make the event worth their while. Damon — who previously staged a bout between the Mean Girls star’s father Michael Lohan and aspiring actor Derek MacIntosh — will donate the proceeds of the ticket to anti-drug and alcohol campaigns and that’s on top of the $500,000 apiece he’s willing to pony over to the ill-reformed party girls — who both have convictions for driving under the influence.

“We’re calling it the battle of the bad girls of Hollywood,” says Feldman. “They would use big pillow-sized boxing gloves. This would be nothing more than a fun match-up, and Paris and Lindsay have both dabbled with boxing training in the past. Michael could even help train Lindsay as he is undefeated in Celebrity Boxing!”

Ah — a family affair.

Paris, 29, and 24-year-old Lindsay – who left rehab earlier this month following court-ordered treatment for substance abuse problems — have a long-running feud, which dates back to 2006, when the heiress mocked her former pal’s red hair and alleged sexual promiscuity.

Feldman believes the light-hearted match would be the perfect way to strengthen the withered friendship.

“This is a perfect way for the two ladies to give back.”

Damon recently made a pitch for Mark Wahlberg and Will Smith – who played boxers in The Fighter and Ali respectively – to step into the ring, but Will declined.