Schaefer Tried To Sell GBP For 100 Million

LOL you are so slow.

Can you not read? If you can, do you retain it for longer than 5 minutes?
Do you have a mental disability?

Did you fail to comprehend the recent PR all over the web that announced that NV approved Mayweather's promoter's license?

LOL. You must have attended school in Russia and received one of those cheapskate communist educations. :yep

 

What I think is that Schaefer and Haymon are snakes. If they are willing to backstab Oscar, they are willing to backstab any of their fighters. Hell, Haymon has backstabbed other celebrities. Mayweather better watch his back.

 

LOL dude.
The real deal is, there is no way Scheafer could sell a private owned company without the authorization of the primary shareholder as well as the approval of the Board Of Directors, many of whom GBP owes money to in the form of loans.
This whole thread is a sham by someone who either is guilty of one or more of the following.

1. Lacks basic business knowledge and has come to an erroneous conclusion
or
2. Just hates Schaefer & Haymon and wish to spread wild rumours based on nonsense.

 

Haymon has a bad rep already from his days in the music industry, and the moves Richard has made make him look shady as hell, and if you can't see that then I can't help you anymore.

 

No surprise.
The music industry has always been dirty.
One cannot stay clean when you work in a pig's pen.
Look at Lawyers.
Everytime they walk into a court room, they get crap, ****, and vomit all over themselves.

 

Depends who he was to sell it to. If you could sell GB for 100 million would you not get someone you know to buy it with your own money?

 

This isn't the music industry.

Look at what happened to Fitty Cent when he dissed Oscar. They made it virtually impossible for him to jump in as a major player despite him have the the capital, and resources.

Oscar's vision was clear from the beginning, to establish a promotional company ran by fighters, he brough Hopkins, Mosley, Barrera, and Marquez on board and had even asked Trinidad and Morales to be part of it but they declined. Mosley sold his soul to Arum for a fight with Pacquiao, JMM had his issues trying to get a Pacquiao rematch through Arum, and Barrera was pissed and bitter as hell that JMM got the W in their close fight.

I have no reason to think that Oscar's GBP won't continue to find success as it is already established, has a great name, and is a major boxing brand.

It may very well be Mayweather Promotions and GBP running the game in the near future, especially considering Arum is dying soon.

 

God willing, he will be on his way to drinking cups of boiling brimstone and begging for ice water in hell soon.

 

Arum will probably be second in command in hell with all the dirt that guy has done.

 

backstabbing snake is good for the sport.

satan will prolly be wary of this guy now.

 

Arum will be reincarnated as a cow, slaughtered with his hide used for making Boxer Groin guards.
He'll spend the next 100 years cupping boxers sweaty balls before he can reincarnate again as a spit bucket.

 

This sounds like BS to me. I don't know US company law as well as I know UK company law, but I'd wager that when it comes to shareholders' rights, the difference isn't vast.

How could Schaefer sell GBP when ODLH is the majority shareholder?

The only way I think it could happen would be if they tried to vote him off the Board, and then voted to issue new shares which would dilute Oscar's holding to the point that he was no longer majority owner, but even that sounds a bit farfetched.

Seems fairly obvious to me that the plan - and for some time too - has been for Schaefer and Haymon to use GBP to lay the groundworks for a Shaefer-led promotional company. Oscar has finally found this out by realising that he doesn't actually have too many fighters contracted and has ousted Schaefer. His first course of business was to make up with Arum because it's the only move he has left to keep his company alive.

 

You might want to read the original article. Schaefer was not trying to sell GBP or Oscar's shares. He presented Oscar with an offer to buy Oscar's shares, by a purchasing entity of undisclosed ownership, which was more than likely himself and maybe Haymon also.

 

That's fair, and $100M is more than a fair price.

 

Regarding Mayweather getting a license: getting a promoter's license and actually putting on shows are two different things.

A lot of guys get a promoter's license. There are a million details involved in staging a boxing event. You need a corporate infrastructure and competent people to do it successfully over and over again. Many have to do it for years before they get into a rhythm so they can stage matches every month in different cities.

When you don't, you end up with one-off situations like Ali-Berbick, where someone forgot to make sure there were important things on hand like a "bell" or more than one set of gloves. You have to make sure there is enough security, so people don't get hurt if a melee breaks out. Doctors. Ambulances.

These guys get an itinerary and are told to be here or there on this day. Your rooms are here. The press conferences are here. The fight is here. It starts at this time. And everything runs smoothly, so they think it's so easy anyone can do it.

This will be kind of funny to watch, especially the cards that don't involve Floyd Mayweather, when there aren't a thousand people tripping over themselves trying to help out.

Everyone on "The Money Team" seems to stand around shadow-boxing and pumping up their chests. If you told them they had an actual job to do, I wonder if any of them could do it?