Credits to The Scene "As far as my situation, I'm still a shareholder with Golden Boy. Richard is still a shareholder with Golden Boy, and he still has a stake with Golden Boy, just not as the CEO. It affects me in two ways. I'm a partner and I'm still involved and I'm still a shareholder - and I'm still a live dog, a very live dog in the ring" "I think whatever Richard will do he will be successful. He can not be replaced...of that magnitude. I know there are a lot of smart people out there, but there are very few honest people out there." "And I've been through enough people in the game of boxing, in the business of boxing. And I'm not saying this off the record, I'm saying this on the record - he held up everything he suggested, promised and delivered for Bernard Hopkins" "I'm going to tell you that Richard Schaefer's presence is going to be felt sooner than later and I guarantee you that. And what I mean when I say his presence, its running the company the way it was ran. Case in point, beyond July there are no fights scheduled" "When you have you seen that [with Golden Boy] since you've been covering boxing? Is this the first of the domino effect? I think that's the question that everyone is asking and waiting for everything to play out" "At the end of the day, you become a figurehead when you war not physically active in the business, which means the office...the day by day negotiations, signing fighters, making fights, dealing with the ups and downs, dealing with the shenanigans, the rumors...all things that come with being on the frontline as the CEO, who has to manage the operation." "Everyone knows, everyone knows, it's no secret. Oscar would have to be honest on who ran the company. Oscar would admit that he had some ups and downs, more downs that affected him from being in the office, but that's not Richard's fault" "And that's where Richard's credibility comes in, because he didn't keep the company just afloat, he kept it on top and there's a difference. Again, it's going to be very hard for anybody to say that Richard Schaefer, from the day he began with the company until the day he announced his exit, was not one of the key promoters of our time. That's going to be hard for anyone to discredit him for that." "The big issue for De La Hoya to sort out is the exact number of fighters who are actually under contract with Golden Boy. There are numerous fighters who are not under contract with Golden Boy but they are consistently showcased by Golden Boy. The bulk of Golden Boy's roster, whether it's fighters who are actually under contract or being showcased as free agents, are all contractually signed by powerful adviser/manager Al Haymon" "Its better to have a fighter under contract than not under contract. They have representation and their representation is going to get the best deal for their client. Oscar has his hands full and he has to figure it out. He's now the CEO and the owner of the company and now he has to perform on a level that he's not used to. Its very difficult in this sport to play Monday morning catch-up on the day" As far as Hopkins' future with Golden Boy, that scenario is still being worked out internally between Hopkins and his team. It's no secret that Hopkins was much closer to Schaefer than he was to De La Hoya. It's also no secret that Hopkins himself is not contractually bound to Golden Boy as a fighter. There are rumors running like wildfire all over the industry that Schaefer and Haymon are going to be involved in a new promotional company. Since Schaefer's departure from Golden Boy, Floyd Mayweather Jr. has already cut his business ties - as it relates to Golden Boy co-promoting his fights. Hopkins has left the door open for staying with Golden Boy, and he also left the door open for exploring opportunities outside of Golden Boy. "My team and I clearly will have a meeting soon and map out a strategy for my interests. It's about me and it's not about me. I'm attached to it whether I love it or want to be in it or not. When its good I'm part of it. When it has a cloud over the company [I'm part of it]. Right now there is a cloud over the company, but I see sun light and I see a lot of sun light, because I'm still a major player on the physical side and I still want to be able to, some way and somehow, to guide young talent" "The best way to learn [on the business side] is to be around the best. If I'm a young fighter I want to suck this sponge up, I'll go to a Bernard Hopkins or a Floyd Mayweather, or an Oscar De La Hoya or a Felix Trinidad or a Joe Calzaghe. The point of me saying that is this - I know who ran the company and I know how it benefited from that. Why would I not want to set my allegiance to people who I know for sure that I could trust and that is Richard Schaefer and Al Haymon" "One thing that is no secret, people are now convinced that I'm no fool. And if they think I'm a fool then they're a bigger fool. The decisions that I've made, the good outweigh the bad with the decisions that I've made in life and that I've made in my career. I've got the utmost respect for Richard and Al Haymon. I've known Al Haymon since the Vernon Forrest days. I've known Al Haymon before he even got into boxing or the boxing scene. I'm not a betting man, but I would bet that Vernon was his first project in boxing. And me and the later Vernon Forrest were very close, That's how far we go back."
Sounds like Hopkins is about to cut his ties with GBP and try to become part of the new Haymon/Schaefer venture. Although he is a GBP shareholder, a percentage of nothing still equals nothing, or worst, a negative. The smart thing to do is to get in early on the new Haymon/Schaefer powerhouse. Later, when it's highly successful, the price to buy in will be much higher.
what nard said was real....and calls schaefer one of the most honest people hes come across in the business..... i think this whole thing about having fighters signed is overblown.....could oscar go go investors and say "we have xxx and so and so signed....these are the guys we have signed".....nope.....did it stop golden boy from doing good business? no... what oscar could say is "we have access to al haymons stable of fighters....al has a talented stable of fighters and we have a great working relationship with him/them....the pool of fighters we have to make fights with and work with is as good, if not better, than anyones" what if they ahd a 5 fight deal with broner....and after maidana he lost to molina? would golden boy be in a good position then? would people be happy with golden boy cramming broner down our throats in the future because they were commited to it??? would anyone care about broner at that point.......im just using broner as an example of a fighter going on a fight by fight basis(i have no idea whether or not he is).... what is the obsession with these "contracts".....if its a haymon guy...and haymon/golden boy have a mutually exclusive deal.....why is it so neccessary for schaefer to make deals all of haymons fighters.....thats quite a few fighters and alot of commitments to make......haymon quite a stable...... why should schaefer force haymon to sign his fighters over when the reality is haymon isnt gonna take his fighters anywhere to begin with? schaefer can pick and choose haymons guys to make the best fights for his company.......why should he have to make multi-fight/multi-year deals with all of his guys when he has access to them anyway? at the end of the day ...making all of als guys sign with golden boy puts more pressure and more of a burden on golden boy as a company to begin with
schaefer taught shane a valuable lesson...find a loyal *****...not an asian gold digger who will "manage" you then bleed you dry......poor shane....hes a nice guy
LOL. That was On-The-Books and during Mosley's divorce when his bytch was taking him to the cleaners. My guess is that Schaefer did Mosley a real under the table solid.
shane probably came into schaefers office and begged him to do it....like when shane went to wild card and begged freddie for a manny fight....at least richard wasnt scared and was happy to oblige....although you could say richard might have "drained" him the way roach wanted to
Hopkins better thank the hand that fed him and that was Oscar ! not Schafer ! Had Oscar not obliged him he still be drawing under 8k
Objectively speaking, its entirely possible that Schaefers vision was viable as you say.Really, its just a matter of perception. It seemed to have been working so far. Conflicts between management and shareholders, and/or between groups of shareholders over the direction of a company are extremely common. Boxing is just kind of unique where its actually a really small industry where everyone knows each other that has in some regards outsized publicity relative to its size. And every move can matter to the fans, and the fights. So typical Boardroom type drama gets played out more publicly.
What's wrong. You are on an internet site but can't read? Hopkins clearly stated that Schaefer ran the company. That his dealings with GBP were always through Schaefer and that all of the promises, issues and business he conducted with GBP was through Schaefer. Therefore, as GBP CEO, Schaefer was the hand that fed Hopkins and other GBP fighters probably feel that way as well. Perhaps you should read these articles 203 times before you post a comment. :yep