Richard Schaefer officially out from Golden Boy Promotions

[powerpuncher]

i think that oscar will get a new CEO and be fine. i have said for a while now that mayweather will become a big player with his promotional company once he has finished boxing. i see a de la hoya-mayweather promotional company clash in the years to come with bob dying and TR dying with him.

[bzkfn]

This move benefits Top Rank and noone else. I'm confused as to why Oscar wants the guy that has just built his company to be the biggest in the world to go, knowing full well a bunch of fighters will go with him and would want to team up with a guy that has screwed him on multiple occasions. This is idiotic and Mayweather promotions is about to become a huge promotional player as a result.

[Violent Demise]

I doubt this will work out in a way that should be celebrated. Oscar is dumb as a box of rocks. Arum will play him. We can hope for the best but I doubt this is good for anyone but Arum.

Feb 26-2014 from Oscar

"All the animosity, all the bad words that have been going back and forth, there's no need for it. Boxing is a sport that I dearly love and we're both adults. Bob Arum did a lot for my career and I greatly appreciate it. I can honestly say that I love the guy because he's someone who did a lot for my career and really catapulted my career and did a tremendous job in promoting my career. He's a master at what he does. ... I will meet with Bob Arum one day, and I will sit down with him, and I do hope things get worked out and patched up, because that's what the fans need. The boxing fans want to see all these great fights happen."

May 4-2014 from Floyd Myweather

"Richard always has a home over here. We would love to work with him hand in hand if he has any problems over there because we know it's a company Richard Schaefer built. We working hand in hand already. We would love to work with Richard. He's a great guy, a great father. Richard knows the door is always open. Richard Schaefer knows he's family."

Oscar is starting to look the odd man out because with Floyd's comments it would seem there is a 3-way split instead of a 2 and with Floyd goes all of Haymons fighters,

Floyd Mayweather Jr.
Adonis Stevenson
Amir Khan
Peter Quillin
Josesito Lopez
Erislandy Lara
Cristobal Arreola
Devon Alexander
Adrien Broner
Kyrone Davis
Andre Berto
Danny Garcia
Austin Trout
Lamont Peterson
Anthony Peterson
Seth Mitchell
Gary Russell Jr.
Sakio Bika
J'Leon Love
Omar Figueroa
Leo Santa Cruz
John Molina, Jr.
Deontay Wilder
Lucas Matthysse
Chris Pearson
Errol Spence
Marcos Maidana
Julian Williams
Keith Thurman
Paulie Malignaggi
Robert Guerrero
Shawn Porter
Luis Collazo
The Charlo brothers
Rances Barthelemy

That leaves Oscar with Hopkins, Mares, Alvarez and a hand full of gate keepers and prospects. He may find himself crawling back to Hbo and taking a back seat. We may get a few fights out of this which is good but I think the wall of ice between Floyd ergo Haymon/ Arum will continue.

A bunch of them fighters will return. Cuz while they might not of been signed to Golden Boy. it was Golden Boy paying them. Who's gonna pay them now? Mayweather? Haymon? Schaefer? Good luck with that

[cyclone]

Yep, Oscar needed to get back his company. Schaefer may have been CEO, but Oscar founded it and is the majority shareholder. The cold war between Golden Boy and Top Rank is over.

How do you KNOW Oscar is the majority shareholder?

[IamInuit]

A bunch of them fighters will return. Cuz while they might not of been signed to Golden Boy. it was Golden Boy paying them. Who's gonna pay them now? Mayweather? Haymon? Schaefer? Good luck with that

I doubt that very much. Those three have more pull and more cash then Oscar. Oscar has lost touch and making statements now that he will end the cold war. What cold war? The freeze was never about him. That is to much blow thinking it is. He's got a Tony Montana complex. He has no fighters and showtime is in Floyds pocket along with all the new gen fighters and the 18 to 30 year old buying public. Oscar is now crawling to Arum because he has to not out of some idea of moral obligation.

[beenKOed]

Yep, Oscar needed to get back his company. Schaefer may have been CEO, but Oscar founded it and is the majority shareholder. The cold war between Golden Boy and Top Rank is over.

How do you KNOW Oscar is the majority shareholder?

That's the problem, there is a lot we don't know for sure.

[toe2toe]

What they need to do now is to make the first GBP/TR fight card (after the so called cold war) a success and everything will be fine for GBP (and TR).

[Violent Demise]

A bunch of them fighters will return. Cuz while they might not of been signed to Golden Boy. it was Golden Boy paying them. Who's gonna pay them now? Mayweather? Haymon? Schaefer? Good luck with that

I doubt that very much. Those three have more pull and more cash then Oscar. Oscar has lost touch and making statements now that he will end the cold war. What cold war? The freeze was never about him. That is to much blow thinking it is. He's got a Tony Montana complex. He has no fighters and showtime is in Floyds pocket along with all the new gen fighters and the 18 to 30 year old buying public. Oscar is now crawling to Arum because he has to not out of some idea of moral obligation.

You seriously think Mayweather is gonna start paying fighters out of his own pocket? He might not have a problem taking care of the Mickey Bay, Badou Jack type purses. But not the fighters with 6, 7 figure purses.

[beenKOed]

I hate to say this, but we are probably going to have to wait a while to see how things turn out.

[fan johnny]

Golden Boy just needs a new CEO, Oscar will find another one. He did with Schaefer. And I seriously doubt Mayweather will become a force in promotions. He just doesnt have the personality or smarts. If he was really all about that money, he wouldn't be making enemies left and right in the business world. Even though someone here said OScar is stupid, he's worth hundreds of millions and is the founder of this company.

Oscar made money off fame and looks. He's a figurehead, he did not build that company. Maybe he can hire someone else to run the company well that Schaeffer built. Maybe he can't. We'll see but as is this company just lost millions upon millions upon millions of dollars. Between the buyout and the near certainty they lose the Haymon fighters this company could be in real trouble. Oscars name isn't what it was when he started it. Fighters see Haymon as the guy that gets you paid and Oscar as the cross dressing lush.

Sure whatever man. Oscar didn't make his money off his fame and looks. I'll tell you what, Oscar even in retirement is a massive success. Floyd once he's done fighting, more than likely will go broke and won't even become as successful as Oscar or even the other guy who he accuses of using PEDs, Pacquiao.

Is there a point in there because I don't see it? Tell me what Oscar did business wise for the company? Tell me how you know Floyd will go broke when you say Oscars money makes him a success and Floyd has more money than him? Tell me anything, I'll listen if you make a point. I'm even the rare guy on the internet who will admit when I'm wrong.

Not that Oscar is more or less savvy at finances, but I wouldn't be so quick to pull the trigger on Floyd because of his persona. I was curious about a house once and looked up the county records online (I used to do stuff for my work) and saw [click on real property name] that some of his places listed under trust ownership. Point being either he or some he has hired put some effort into assurancing him and his family's future. So even if he did go broke he and his family are set to have very comfortable life. Basically it looks like he's set himself up to get a long term lottery payoff.

[beenKOed]

Golden Boy just needs a new CEO, Oscar will find another one. He did with Schaefer. And I seriously doubt Mayweather will become a force in promotions. He just doesnt have the personality or smarts. If he was really all about that money, he wouldn't be making enemies left and right in the business world. Even though someone here said OScar is stupid, he's worth hundreds of millions and is the founder of this company.

Oscar made money off fame and looks. He's a figurehead, he did not build that company. Maybe he can hire someone else to run the company well that Schaeffer built. Maybe he can't. We'll see but as is this company just lost millions upon millions upon millions of dollars. Between the buyout and the near certainty they lose the Haymon fighters this company could be in real trouble. Oscars name isn't what it was when he started it. Fighters see Haymon as the guy that gets you paid and Oscar as the cross dressing lush.

Sure whatever man. Oscar didn't make his money off his fame and looks. I'll tell you what, Oscar even in retirement is a massive success. Floyd once he's done fighting, more than likely will go broke and won't even become as successful as Oscar or even the other guy who he accuses of using PEDs, Pacquiao.

Is there a point in there because I don't see it? Tell me what Oscar did business wise for the company? Tell me how you know Floyd will go broke when you say Oscars money makes him a success and Floyd has more money than him? Tell me anything, I'll listen if you make a point. I'm even the rare guy on the internet who will admit when I'm wrong.

Not that Oscar is more or less savvy at finances, but I wouldn't be so quick to pull the trigger on Floyd because of his persona. I was curious about a house once and looked up the county records online (I used to do stuff for my work) and saw [click on real property name] that some of his places listed under trust ownership. Point being either he or some he has hired put some effort into assurancing him and his family's future. So even if he did go broke he and his family are set to have very comfortable life. Basically it looks like he's set himself up to get a long term lottery payoff.

Floyd is a smart dude, anyone who thinks he's stupid is not looking at all the facts.

[Rantcatrat]

As I suggested in another thread, I imagine that there has to be liability for breach of fiduciary duty etc. on Schaefer, as CEO of Golden Boy, for building up Haymon fighters that aren't also signed to Golden Boy. What good does it do Golden Boy now if all the Golden Boy fighters leave Golden Boy after Golden Boy spent its money building them up? If there isn't liability on Schaefer, at the very least, the whole idea that he did a good job for Golden Boy is misleading because he really did a good job for Al Haymon at the expense of Golden Boy.

Do those actions really paint Al Haymon as an honest, upstanding, transparent businessman? Looting a company and hoodwinking its president while he is in rehab? Don't forget that only recently he signed Stevenson and immediately Stevenson goes back on a deal he had with HBO robbing the boxing public of its most-anticipated fight of 2014 (whether he was in an actual legal contract is besides the point).

I would argue that there is no proof that Al Haymon is a great asset to the boxing industry. In fact, all the evidence points to him being more of the snaky same. He's incredibly opaque with his business dealings. His contracts look like promoter contracts but he doesn't have a promoter license. Is he violating the Ali Act? What makes him more tolerable than Tex Richard, Mike Jacobs, Frank Warren, Micky Duff, Don King or Bob Arum?

And Floyd Mayweather? Come on--the guy comes off like a scum bag. Let's be honest. As a boxer, he's magnificent, but as a man? And that's the guy you want to trust the industry with?

I'm not saying Arum and King did a good job with the boxing industry. The opposite really, but I think it's naive to think Al and Floyd will do any better without proof.

[Rantcatrat]

Which fighters that Golden Boy promoted are not signed to Golden Boy that Haymon managed? If it really is all of them, that's crazy.

[IamInuit]

A bunch of them fighters will return. Cuz while they might not of been signed to Golden Boy. it was Golden Boy paying them. Who's gonna pay them now? Mayweather? Haymon? Schaefer? Good luck with that

I doubt that very much. Those three have more pull and more cash then Oscar. Oscar has lost touch and making statements now that he will end the cold war. What cold war? The freeze was never about him. That is to much blow thinking it is. He's got a Tony Montana complex. He has no fighters and showtime is in Floyds pocket along with all the new gen fighters and the 18 to 30 year old buying public. Oscar is now crawling to Arum because he has to not out of some idea of moral obligation.

You seriously think Mayweather is gonna start paying fighters out of his own pocket? He might not have a problem taking care of the Mickey Bay, Badou Jack type purses. But not the fighters with 6, 7 figure purses.

I don't think he will have to pay fighters out of his own pocket. He will use other peoples money and lines of credit just like Arum and any other promoter throughout history. After he leaves and Manny maybe boxing will come back to some sense of reality.

Btw I hope this whole gig flops for all and we see the end of ppv's and ridiculous pay scales. I hope boxing is forced to rebuild itself. I've always been a fan of quality over quantity.

[cyclone]

A bunch of them fighters will return. Cuz while they might not of been signed to Golden Boy. it was Golden Boy paying them. Who's gonna pay them now? Mayweather? Haymon? Schaefer? Good luck with that

I doubt that very much. Those three have more pull and more cash then Oscar. Oscar has lost touch and making statements now that he will end the cold war. What cold war? The freeze was never about him. That is to much blow thinking it is. He's got a Tony Montana complex. He has no fighters and showtime is in Floyds pocket along with all the new gen fighters and the 18 to 30 year old buying public. Oscar is now crawling to Arum because he has to not out of some idea of moral obligation.

You seriously think Mayweather is gonna start paying fighters out of his own pocket? He might not have a problem taking care of the Mickey Bay, Badou Jack type purses. But not the fighters with 6, 7 figure purses.

Take off Oscar's lace underwear and try to learn something.

The promoter works for the fighter not the other way around.

GBP isn't paying anybody...the fighters are paying them.