Richard Schaefer officially out from Golden Boy Promotions

[beenKOed]

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.

I couldn't agree more. I'm looking forward to seeing what company Mayweather uses to promote his next fight.

TMT will likely be promoting his next fight.

Not without a license (which they don't currently have) they won't

I thought TMT kicked the bucket in '12. 50 Cent was taking that line anyway.

[Kirkland Laing]

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.

I couldn't agree more. I'm looking forward to seeing what company Mayweather uses to promote his next fight.

TMT will likely be promoting his next fight.

Not without a license (which they don't currently have) they won't

Maybe Philthy Rich Records can promote it.

[Hulk]

If this indeed leads to big fights between the two promotions then great!

Nothing against Schaefer but if he was the last obstacle or greatest obstacle then good riddance.

[Ron Swanson]

From Floyds side the quote makes some sense, this has been in the works for a while. And of course they would want Schaeffer. But who knows what Richards settlement was. He was inked through 2018 so he didn't go cheap.

What confuses me is why on earth the board would okay this. Unless they had some sort of reassurance from Haymon before letting Schaeffer go it's a huge gamble that could set the company back many years.

[Spicoli]

Little wonder why Oscar was making such a push to purchase the Clippers with this clearly brewing for some time. I can't see him coping without major partners. Lets face it, as far as 'product' at least on a monthly basis they put out mere heavily stacked showcases for favorites. Anything that forces the Chefs in the kitchen to effort the same meal should be encouraged.

[IamInuit]

Floyd just bolted from Golden Boy. I had just posted on another forum that I thought Floyd was poised to become a major player and promoter after he retires in a similar thread to this and found a new report via ESPN notification.

Floyd Mayweather vows to stop working with Golden Boy Promotions after CEO Richard Schaefer resigns - ESPN

[generalbulldog]

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.

[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.

And it's not just Schaeffer leaving. The chief marketer is leaving and others as well. Fishnets won't stop the flood.