I don't know about "faced." I think he was on his back the whole time.
It was a draw.
It was a joke. Scripted like a wrestling match from what I've read. Ali was supposed to swing at Inoki, miss and knock out the ref. Then Inoki would take out Ali. The scrip got thrown out the window for some reason.
After all it's not easy, banging your heart against some mad buggers wall