Quote Originally Posted by lance Uppercut
Just reported by fightnews.com

Oscar buys Ring Magazine!
Vows he will not manipulate Ring rankings
Golden Boy Enterprises subsidiary Sports and Entertainment Publications, LLC, a holding company whose principal shareholder is Golden Boy Promotions, has bought Ring Magazine from the Kappa Publishing Group. Also acquired were KO, World Boxing and Pro Wrestling Illustrated. No dollar amount was disclosed. The magazine's rankings are recognized as "official" by some factions in the U.S. media, particularly ESPN. While some may see a conflict of interest in a boxing promoter being paymaster of what is essentially a magazine/rankings organization that awards world titles and belts, De La Hoya says that is not the case. "These magazines will be held in an editorial trust where they will be operating totally independent of any influence from me or others from the Golden Boy Companies as it relates to editorial direction or content," promises the Golden Boy
Whew, that's some business strategy in there. Actually, the acquisition by DLH of The Ring is not good for the integrity of The Ring. As an auditor, I know how CEO of corporations violate internal control, given the opportunity and the chance.

Oscar's promise not to manipulate the Ring's rankings is equivocal to the devil promising good things to Adam and Eve.