Richard Schaefer officially out from Golden Boy Promotions

[Kirkland Laing]

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?

This is the main question foe me in all this. If Schaefer is GBP CEO and acting in good faith, why does he let all GBP fighters run their contracts out and hire them on a fight by fight basis? He's significantly weakening GBP and significantly strengthening Haymon. If Schaefer and Haymon now form a promotional company however they structure it it's going to be hard not to see it as a pre-planned thing. I can see litigation from Oscar and GBP coming down the pipe if it does and lasting for years.

I also read that GBP only have Alvarez, Mares and Hopkins under contract. And in the ring after his last fight Hopkins specifically said that from now till the end of my career I'm loyal to Showtime and Richard Schaefer (and he may have mentione dHaymon). He definitely didn't mention Oscar even though Oscar gave him points in GBP when he set it up.

EDIT: Hey, if the rapprochement with Top Rank doesn't work out (and if they get together Arum will eat Oscar alive, more lawsuits etc etc ) GBP can always do Mares versus Alvarez at a catchweight.