RIP Golden Boy Promotions....

I accept cash if anyone wants my services

 

Well, I think you are largely correct - the thing we are discussing though is repeatability. I have never said Schaefer is not talented, or did a poor job managing, or did not play a large role in the company - quite the opposite.

He just also was not a visionary type, or a creative type. His talents are not unique. I've known plenty of people I honestly think could have done the same job he did with the tools and resources he had at his disposal. That does not mean Schaefer is lackluster by any stretch there are however quite a few exceptional people out there.

Also the promoters you listed had nowhere near the level of HBO or financial backing that GBP had. Out of that group, I think LDB could have had the same level of success had he the same tools. GSP and K2 and ME, maybe not so much.

Additionally, I agree with you that the banking experience helped. Not quite for the reasons you laid out though those reasons are valid. But rather because bankers at his level know they cant know everything, so if they become successful it is most often because they learn how to find the right people who do know.

As I explained in a post elsewhere, much of Schaefers moves that proved to be controversial and strange when compared to a typical boxing promotion actually make perfect sense if you think like a banker.

 

You didn't understand a thing I said. And don't talk about next mans getting ***** because I hurt your feelings. You cats do worship these guys. Don't talk **** kid.

 

Do you mind re-posting? I`m interested to hear your take on things but too lazy to go looking

 

I think you may be essentially correct, but let me add my 2 cents on one part of it from personal experience.

My father's business (he is now retired, but started and owned a small company) at one point became rather dependent on a certain relative who was able to put together deals that brought in substantial money.

This individual, along the way, became addicted to drugs, did a couple of stints in rehab, went through some personal health and family crises related to his addiction.

But here's the thing, and, I suspect, the dynamic at work (which you described to some degree, but this is more, I think, the nuts and bolts of it): while all this was going on, the addicted relative obviously spent less and less time at work. He would still go out and cut deals, not as big as before, not as frequently as before, but he started showing up at work later and later, and then leaving to "work on this deal" and sometimes he came back that day and sometimes a day or two later.

What happened: business went on without him. He would show up for meetings and be completley out of the loop of what was going on and say, 'Whoa, we're doing what? Why are we doing that? We can't do this deal I want to do because we're doing that? Catch me up.' He got to be so far out of the loop that they just worked around him and without him, and he became less and less relevent and eventually left.

Oscar, obvioulsy, hasn't left. It is his investment that makes GBP possible, but I suspect that's what happened with Shaefer and Co.: they went about doing the company's business and Oscar became out of the loop and irrelevant to GBP's day-to-day operation as well as its big decisions.

Now when De la Hoya wants to assert himself, he's been out of the loop, doesn't know what's going on, what went down with this fighter or that manager or that rival promoter or network ... and he feels marginalized.

So he responds by taking over and engineering the ouster, the only way he could maintain some control of a company that had slipped through his grasp. Who he chooses to take over going forward, and whether he finds a competent CEO (like Shaefer) or a lapdog will have a lot to do with whether GBP can maintain its position going forward.

 

You said that he wasn't the lynchpin that kept the company profitable and I'm saying he was. I stated my reasons for thinking that and I was looking for a reply or rebuttal in relation to that. I wasn't addressing the revolutionary statement. I never said that GBP would fold but that it might be a long process to find a CEO that fits and understands the culture of the company. That's not an easy find. Here's another thing, Oscar saw the writing on the wall because he knows himself and knew a power struggle was inevitable but he didn't prepare himself or the company for a smooth transition. That's the way it's looking but that might not be the way it is. Just speculating like everybody else.

 

Sure, here are my two posts on the topic. One from the POV of Oscar and his backers and why they got cold feet with Schaefer approach, and the other from Schaefer's POV as a banker.

edited the above slightly
-

A bit on thinking like a banker.

 

Good stuff :good

 

:good

:smoke

 

Ya that could be a legit explanation of how things got to where they're right now. I'm not saying that Oscar is right or that he deserves to prevail. I'm just trying to understand what's going on.

As for Schafer it does seem to me that from a business sense signing guys to one fight contracts isn't smart. And I also agree with Oscar that from a business sense Canelo shouldn't be fighting Lara right now. That is also a bit of a moron move. It might not be schafer's....but if it is and Lara also isn't on a GBP contract....well doing that would be like creating the right conditions for your own dismissal. But I don't own all the details.

 

That was two awesome posts:good Thank you for bringing them into the thread.

The second I read that part about the risk benefit of providing professional services vs developing talent I was like man that makes perfect sense...how didn`t I see that before

Well explained:good

 

Fair enough, let me state it another way:

I don't think Schaeffer is irreplaceable. He did a fine job as CEO (although you'd have some that would debate the merits of not having fighters signed to GBP contracts) but we're talking about a promotions company, not a multinational defense contractor. As far as the culture at GBP...well, from what I understand getting a culture to change in a positive way is one of the more difficult tasks a new CEO has in front of them, but if GBP is already working at a fairly high level then I imagine that it will be a smoother transition.

I'd be surprised if Oscar wasn't preparing himself for the transition of CEOs though. For weeks before the split there were rumblings that it was coming, you don't think Oscar and his board had been researching possible candidates for a while now?

In any event, I agree that there will be a time of adjustment, but there are plenty of competent CEOs out there who can do the job.

 

2018 is a nice min

 

are you in favor of the Cold War or not? At this point Oscar is making the right moves.