Right now Richard is running Golden Boy Promotion as CEO of the company.
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Schaefer assumed full duties and helped create the richest fight in boxing history.ĭe La Hoya wouldn’t clarify Schaefer’s status other than to say: “I’m the majority shareholder of the company and I’m the president of the company. De La Hoya entered rehab for a second time during the promotion of Mayweather’s fight with Alvarez last September. He soon entered rehab for drugs and alcohol, leaving the company and fallout for Schaefer to handle. Truth is, Schaefer has been the face of Golden Boy since 2008, when embarrassing pictures emerged showing De La Hoya wearing fishnets. I can win.”ĭe La Hoya’s views on ending the cold war - the “can’t we all just get along” approach - doesn’t sit well with Schaefer, who refuses to do business with Arum and has found a consistent buyer for his fights in Showtime, now headed by Stephen Espinoza, the former attorney for Golden Boy. The company is named Golden Boy for a reason. I have my vision and I have my plans and nobody is going to stop me from doing it. “I’m here now,” he said in making his first public appearance in Las Vegas.
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Golden Boy has been the lead promoter for all of Mayweather’s pay-per-view fights since 2007 and assembled an impressive stable of boxers including Canelo Alvarez, Danny Garcia, Adrien Broner, Maidana, and Amir Khan.īut the two are hardly speaking these days after De La Hoya emerged from his second extended stint in rehab questioning some of the company’s business practices and encouraging an end to the cold wars that Golden Boy Promotions has formed with Top Rank and HBO.ĭe La Hoya sounded very much like someone trying to get back his company during a press conference before Saturday’s fight. It has been a harmonious existence, with De La Hoya using his fame and money to attract early investors while Schaefer, a former Swiss banker, handled the business, budget and the books. Together they have built the company into one of the largest boxing promotional companies in the world rivaled only by Top Rank led by Bob Arum. De La Hoya, the boxing legend, is president of Golden Boy Promotions, while Schaefer serves as its CEO. Certainly, the stakes could be just as high for the future of boxing.Ī subplot to “The Moment,” the moniker used to promote Mayweather-Maidana, is “The Feud,” featuring Oscar De La Hoya and business partner Richard Schaefer. LAS VEGAS - It might be more intriguing than Saturday’s matchup between Floyd Mayweather and Marcos Maidana for the WBC welterweight championship. Meet Nico Ali Walsh, Muhammad Ali's grandson chasing grandfather's legacy
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