Boxing News Boxing News
Following the huge announcement that Floyd Mayweather Jr. finalized the contract for a rematch with Marcos “El Chino” Maidana, Golden Boy Promotions is confirmed to promote its 10th consecutive Mayweather bout.
There was speculation going into these contract negotiations that Mayweather Promotions would take over this bout and that the Barclays Center in Brooklyn would be used rather than the MGM Grand hotel in Las Vegas as the venue for this highly anticipated fight.
According to published reports, the main reason Golden Boy Promotions was selected is due to Mayweather Promotions possibly facing a tax investigation from the IRS.
In New York, the State Athletic Comimission requires a promotional company to submit tax documents. Instead, Mayweather opted to use Oscar De La Hoya’s Golden Boy Promotions promotional licence in Las Vegas.
This is a stunning turnaround considering Mayweather Promotions CEO Leonard Ellerbe did interviews following Richard Schaefer’s resignation as Golden Boy CEO on June 2 and reportedly mentioned that Mayweather would no longer work with Golden Boy.
It is also worth noting that Mayweather Promotions is not licensed to promote in Nevada. It is filling an application with the Nevada Athletic Commission on July 23 in Las Vegas but, due to time constraints, has opted to use Golden Boy.
