- Austin Trout looking to turn his career around against Daniel Dawson
- Is Canelo capable of taking the baton from Mayweather to become boxing’s next PPV star?
- Maidana throwing 100 punches per round in training for Mayweather
- Kell Brook’s trainer doesn’t want him to take an easy fight on December 6th
- Deontay Wilder not worried about Stiverne’s power
- Maidana, Santa Cruz & Angulo quotes ahead of "Mayhem: Mayweather vs. Maidana 2"
- Kiwitt Back On Home Soil
- Frankie De Alba Headlines on Saturday, October 4 at Valley Forge Casino & Resort
- Undefeated Mexican Future Stars In WBF Title Fights
- STALKER TO FACE JENKINS IN BRITISH TITLE ELIMINATOR ON MAGNIFICENT SEVEN CARD
- Heavyweight hopeful Otto Wallin returns on August 30
- Philippine Supreme Court issues temporary restraining order in Manny Pacquiao tax case
Richard Schaefer leaves Golden Boy Promotions
Richard Schaefer, the CEO of Golden Boy Promotions, has resigned from the company as of today. This was no surprise as Schaefer and Oscar De La Hoya had recently bumped heads over the issue of mending the fence with Top Rank. De La Hoya was in favor of patching things up with Bob Arum and Top Rank, whereas Schaefer was against it.
Schaefer had been with Golden Boy Promotions for 12 years and was a huge part of the company’s success. De La Hoya had the name, but Schaefer did a lot of the hard work in putting cards together and signing high quality fighters.
The departure of Schaefer leaves in question whether Golden Boy Promotions will continue to have Al Haymon-signed fighters on their fight cards. A great number of the big named fighters on Golden Boy’s shots were actually signed with Al Haymon. But with Schaefer gone, it’s unknown whether the Haymon fighters will still be on Golden Boy’s cards or whether they’ll be televised separately. Without the Haymon fighters, Golden Boy Promotions will have a far different look with far fewer names than in the past.
It’s going to be interesting to see if Schaefer joins up with Haymon now to promote the huge amount of fighters that have recently signed with him. If so, they could be the new promotional giant in boxing.
Schaefer said this via ESPN: “After more than ten years with Golden Boy, it is time to move on to the next chapter of my career. This decision has required a great deal of personal reflection, but ultimately I concluded that I have no choice but to leave. I have succeeded in banking and I have succeeded in boxing, and I look forward to the next opportunity. I am proud to remain a shareholder, so I have a strong interest in the continued success of the company. I am proud of what we have accomplished at Golden Boy, but I now look forward to new challenges.”
With Schaefer’s knowledge of the boxing business, he could join up with Mayweather Promotions, as he had a very good working relationship with Floyd Mayweather Jr, who he sees as a good friend. Schaefer could also form his own promotional company and slowly sign fighters the way that Al Haymon has been doing. Schaefer has a promotional license so he could start his own company.
As for Golden Boy, De La Hoya is going to need to sign an interim CEO to run the company until he can find a replacement CEO, unless he himself wants to take over the difficult job.
- Results from “Path to Glory SD Style” San Diego, CA
- Anthony Barnes takes out Darryl Fields with a first round KO
- Brook Upsets Porter to take home the title
- Figueroa stops Estrada in an exciting fight
- Dirrell wins rematch with Bika, takes home the belt
- Brook defeats Porter; Dirrell and Bika look poor; Figueroa toughs it out
- Deontay Wilder stops Gavern, wants Klitschko after Stiverne fight
- Broner: Khan and Brook can’t beat me
- Robert Garcia impressed with Algieri’s talent level
- Brandon Rios vs. Ruslan Provodnikov in the works for November
- Alfredo Angulo not worried about September 13th fight against De La Rosa
- Cotto working on selecting his December 13th opponent
- Frampton will beat Kiko Martinez, says Santa Cruz
- Wladimir working with 15 sparring partners to get ready for Pulev