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Showing posts with label Richard Schaefer. Show all posts
Showing posts with label Richard Schaefer. Show all posts

Saturday, January 10, 2015

Golden Boy Promotion wins some, loses some

 

Floyd Mayweather Jr. v Robert Guerrero - News Conference

Golden Boy Promotion literally wins some and loses some fighters under its umbrella.

In a recent press release, Oscar De La Hoya’s Golden Boy Promotion announced that: "they are pushing to make 2015 its best year yet, by adding local California talent and signing international talents".

Local talents include; Abraham Lopez, Roy Tapia, Christian Gonzalez, Emilio Sanchez, Jesus Ivan Delgado and Nick Arce. International talents include, Japanese Yoshihiro “Maestrito” Kamegai (25-2-1, 22 KOs) and Filipino Mercito “No Mercy” Gesta (28-1-1, 16 KOs).

But late Friday, Yahoo Sports’ Kevin Iole reported that Golden Boy Promotion “settled its lawsuit” with former CEO Richard Schaefer. With the settlement, GBP “surrendered” its promotional rights to some of its top boxers who are advised by Haymon; welterweight Adrien Broner and Danny Garcia were mentioned.

Although GPB retained promotional rights to other Haymon-advised fighter, but it’s obvious that the talents he lost outweighed those he acquired. But anyhow, I see it as a good thing for boxing and for those personalities involved as the strife between former friends finally settled.

It seems to me that 2015 had a good start, as top boxing personalities having conflicts in 2014 chose to move forward this year. Parties involved with their respective 2014 conflicts now settling their issues to move on and prepare for a good 2015 start.

Late Friday, undefeated super middleweight champion Andre Ward (27-0, 14 KO's) also tweeted with a hash tag “#NextChapter” saying that he is happy to be part of Roc Nation. He’s been long sidelined due to promotional conflicts with his late promoter Dan Goossen. With this development, I think we will see more of Andre Ward. I hope it’s never too late for him.

Meanwhile, speaking of Roc Nation, Gary Shaw announced also on Friday that he officially joined Jay Z’s boxing division.

Wednesday, June 4, 2014

Mayweather leaves GBP but open to fight Canelo again

Mayweather leaves GBP but open to fight Canelo again


All is not well for Oscar de la Hoya's Golden Promotions (GBP) as boxing's PPV and pound-for-pound kingpin Floyd Mayweather Jr. also leaves GBP.


Almost immediately after Richard Schaefer stepped down as CEO for Golden Boy Promotions on Monday, Floyd Mayweather Jr. also ditches the company.


The boxing community is well aware that although Floyd Mayweather Jr. is co-promoted with Golden Boy Promotions---that because of Richard Schaefer.


Leonard Ellerbe told ESPN.com on Monday when ask if Mayweather will work with Golden Boy Promotions again without Richard Schaefer, he said, "Absolutely not".


However, in a separate interview with RingTV.com Ellerbe is amending the previous comments he made on ESPN.


"The door is open for future business with Golden Boy. The only person that I see in their stable that we can see doing a future fight with where there is big business that would be against 'Canelo' Alvarez."said Ellerbe.


Mayweather-Canelo broke the highest revenue set by Golden Boy Promotions President Oscar de la Hoya and Mayweather Jr. in 2007. De la Hoya-Mayweather sold 2.2 million pay-per-view units ($137 million total revenue) while Mayweather-Canelo sold 2.2 million ($150 million total revenue).


Doing Mayweather-Canelo again is not bad for both camps in business standpoint. So, I'm not surprise if Ellerbe is changing his tone. They are not closing a possibility of rematch as this could be again a sure hit.


Mayweather is set to comeback in the ring on September 13 with an opponent that is yet to be determined.


"The door is open for future business with Golden Boy but as it relates to September 13, we've got a mega-fight coming up and we're in the planning and preparations stages and we've been that way since the May 3 fight was over," said Ellerbe.


Canelo is the one of those boxers that has signed contract agreement with Golden Boy Promotions.


But as a boxing fan, do you like the idea of Mayweather-Canelo II in September?

Tuesday, June 3, 2014

Richard Schaefer leaves Oscar de la Hoya's Golden Boy Promotions

[caption id="attachment_2869" align="alignnone" width="745"]Richard Schaefer leaves Oscar de la Hoya's Golden Boy Promotions With Richard Schaefer stepping down as CEO of Golden Boy Promotion and Oscar de la Hoya ending the "Cold War" in boxing, are we about to see the fights we love to happen?[/caption]

Richard Schaefer, Golden Boy Promotions (GBP) CEO, resigned on Monday, after 12 years at GPB's front sit in a move that will alter current boxing landscape.


In an official statement, here is what Richard Schaefer said:


"After more 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 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 now I look forward to new challenges".  


The split between Richard Schaefer and Golden Boy Promotions owner Oscar de la Hoya has been anticipated. Prior to the Mayweather-Maidana fight there were already reports of power struggle inside the promotion. De la Hoya wanted to take total control of the company.


“I don’t care what it takes. I will end the Cold War for the fans.” De La Hoya told in an interview with RingTV.com.


Under the leadership of Schaefer the alliance of Golden Boy Promotions and Showtime took place. This resulted to a "cold war" they referred to in boxing: HBO-Top Rank alliance and Showtime-GBP.


This is one of the tons of reason why Floyd Mayweather vs. Manny Pacquaio is next to impossible to happen.


Now that Schaefer stepped down expect more explosive happening in the coming days in the current boxing model.


Probabilities are best explained here by Tim Starks of the Queensberry-rules.


So boxing fans stay tuned as we might get now the fights we love to see.