Richard Schaefer officially out from Golden Boy Promotions

[cyclone]

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.

I think it's naive to hate on Haymon and Floyd because of their complexion.

We both know that's your only beef with them.

The second Lampley said Haymon is the most powerful man in boxing....people like you started hating full-time.
I bet if they were Al Jimenez and Floyd Martinez you'd be riding thier dicks

[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.

[Kirkland Laing]

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.

Oscar doesn't pay fighters out of his own pocket. Fighters get paid from TV, gate and sponsorship money on a fight by fight basis. Whoever makes the fight, whether it's Oscar or Arum or Schaefer/Haymon or whoever collects all the various revenues and then pays the fighters.

[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.

I think it's naive to hate on Haymon and Floyd because of their complexion.

We both know that's your only beef with them.

The second Lampley said Haymon is the most powerful man in boxing....people like you started hating full-time.
I bet if they were Al Jimenez and Floyd Martinez you'd be riding thier dicks

Mods - please keep this guy on your radar to consider barring his future posts.

Thanks.

[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.

Oscar doesn't pay fighters out of his own pocket. Fighters get paid from TV, gate and sponsorship money on a fight by fight basis. Whoever makes the fight, whether it's Oscar or Arum or Schaefer/Haymon or whoever collects all the various revenues and then pays the fighters.

Amen to that.

AMAZING how many people don't know this simple fact.

[beenKOed]

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.

Sir, I don't ever want to be without PPV or something like it.
I remember the good old days when you didn't see the fight if it was not on TV or in a theater on "closed circuit". Of course you could hear it on the radio most of the time, or read about it the next day, or hear about it on the nightly news. If you had money to burn you could always travel to wherever the hell the fight was and buy your self a ticket.
I still don't have money to burn and I can watch just about any fight I want in my living-room, thanks to PPV.
If you want to set in front of your computer, scheming about streaming, go right ahead but don't fuck with my PPV!! Consider that an order not to be countermanded by anyone. LOL

[imp]

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.

I think it's naive to hate on Haymon and Floyd because of their complexion.

We both know that's your only beef with them.

The second Lampley said Haymon is the most powerful man in boxing....people like you started hating full-time.
I bet if they were Al Jimenez and Floyd Martinez you'd be riding thier dicks

Lets not start making big accusations about skin tone etc.

In rantcatrat defence, I dont think he came across racial and theres no one more corrupt than bob arum etc.

Its early days for floyd and his team, and they have a good bunch of fighters so lets support rather than bring down.

Oscar is just a face to front golden boy where richard was doing all the work.
Floyd is the same to a degree but he had richard AND al haymon.

[Violent Demise]

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.

I think it's naive to hate on Haymon and Floyd because of their complexion.

We both know that's your only beef with them.

The second Lampley said Haymon is the most powerful man in boxing....people like you started hating full-time.
I bet if they were Al Jimenez and Floyd Martinez you'd be riding thier dicks

People hate on Ellerbe as much as they do on Floyd and Haymon. And Ellerbe is clearly a white man at heart

[Ron Swanson]

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.

Well was there a point when you mentioned that Oscar only had success just only on the basis of looks and fame? Because Oscar would not have success if that was the case. Then you brought up about fishnets. WTF was that? What does have to do with anything? Yes, you don't like Oscar, Pacquiao, heck just checking your post history, you don't like non-black fighters. We get that.

Ahh, thought you were a real poster but there it is. This white man only likes black fighters. Yet another troll. Guess I haven't been here long enough to find you all out but that post makes it all too obvious. Little tip for you if you're going to troll don't be so damned obvious. Trolls are supposed to be sneaky. It's not frustrating if it's transparent.

[Ron Swanson]

There seems to be a misconception of how fighters are paid. They are cut a check from the promoter the night of the fight for the amount they are guaranteed. In GBP case that is not out of Oscars pocket it is the company GBP. Same with Arum and TR. No TV money is in at that point so they aren't being paid by TV. Sponsorship money, that's tricky some is in some is coming. There are many other revenue streams some come in before, some during, some after.

What's key to these big events to keep in mind is PPVs are the only events that risk losing money if promoters are smart. Any other event you have enough indicators to determine if it will profit and if it won't you cancel the event. There are many excuses to cancel an event. PPVs you get an idea from presales but you really just don't know until the numbers come in. That's why fighters are so picky about the guarantee, no BS from promoters about what came through and what didn't. They simply get that immediately.

Sidenote-Hopkins said to boxingscene that Richard built the company and Oscar was a "figurehead". And more importantly he said that while he is a shareholder he is not contractually tied to GBP either.

[Kirkland Laing]

Surely Oscar isn't going to try and run GBP by himself?

He's doing this outreach thing to Arum because part of his rehab is about forgiving your enemies and trying to be friendly with them. I'm guessing this getting-friendly-with-Bob thing is not going to turn out to be a smart personal or professional move for him.

If he does try and run the company himself then you don't have to be Mystic Meg to see trouble ahead. If he gets somebody in as CEO then what happens if the CEO says that Arum is a cunt and they're better off not working with him, which will probably happen sooner or later.

[Master]

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.

I think it's naive to hate on Haymon and Floyd because of their complexion.

We both know that's your only beef with them.

The second Lampley said Haymon is the most powerful man in boxing....people like you started hating full-time.
I bet if they were Al Jimenez and Floyd Martinez you'd be riding thier dicks

Cyclone, Al Sharpton would be embarrassed about you raising the race card at every opportunity.

[cyclone]

Violent_Demise

If Ellerbe is white at heart then so is Oscar...hell...most mexicans are

You are an expert speaking from experience.

[cyclone]

[QUOTE=Master;1250185]

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, I bet if they were Al Jimenez and Floyd Martinez you'd be riding thier dicks

Cyclone, Al Sharpton would be embarrassed about you raising the race card at every opportunity.

Bill o'Reilly would be proud of you...a non-white white supremacist.

A flunky ass kisser till the very end.

[Master]

[QUOTE=cyclone;1250196]

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, I bet if they were Al Jimenez and Floyd Martinez you'd be riding thier dicks

Cyclone, Al Sharpton would be embarrassed about you raising the race card at every opportunity.

Bill o'Reilly would be proud of you...a non-white white supremacist.

A flunky ass kisser till the very end.

LOL you could not be further from the truth.