Cotto, Golden Boy in Talks To Co-Promote 12/1 Return

by Rick Reeno

Golden Boy Promotions CEO Richard Schaefer has advised that his company is currently in talks with Miguel Cotto's representatives to work together on co-promoting the Puerto Rican superstar's return on December 1st at New York's Madison Square Garden.

Cotto (37-3, 30KOs), who promotes himself, became a free agent on December 31st of last year when his contract expired with Top Rank, who promoted the boxer since he turned professional.

This past May, Golden Boy co-promoted Cotto's lucrative fight with Floyd Mayweather Jr. at the MGM Grand in Las Vegas. Mayweather, like Cotto, promotes himself but has a close business relationship with Golden Boy and uses their company to co-promote his events.

Mayweather-Cotto was carried by HBO pay-per-view and generated 1.5 million pay-per-view buys and $94 million dollars in revenue.

"We are going to continue working together. We have a great relationship with them," Schaefer told "Miguel Cotto is really a great fighter and our two companies work very well together. We've co-promoted a number of different fights together and we do some events with them in Puerto Rico as well. We're looking at working with some of the Olympians as well, together." 

"We have a really nice relationship. Cotto's company [Miguel Cotto Promotions] handles our closed circuit and our pay-per-view business in Puerto Rico. [Golden Boy President] Oscar [De La Hoya] is actually in Puerto Rico now. I know Oscar and Miguel are going to get together. They like to play golf together. We have a great working relationship."

Cotto’s legal counsel, Gaby Peñagaricano, was not available for comment.

User Comments and Feedback (Register For Free To Comment) Comment by Kilrain on 08-02-2012

Schaeffer is such a schmoozing bastard. I hate the way he speaks. It's always 'we have a wonderful relationship, we are the best of friends' etc. Etc. He also overenunciates every single damn word, much like Oscar.

Comment by No1 on 07-27-2012

[QUOTE=jose830;12372177][B][I] War Cotto!!![/I][/B][/QUOTE] !!!!!!!! Yeah buddy !!!!!!!! Cotto is defo my favourite fighter of this generation, he always comes to fight and I cannot remember him being in a dull fight. I'd lvoe to see him fight Kirkland for his…

Comment by Ray* on 07-27-2012

I thought Edgard said Cotto would only Co-promotes with Arum? Hmmmm

Comment by DhymezFMJFan on 07-27-2012

[QUOTE=tlarry;12373334]Floyd walked away from a $25m rematch with Oscar De La Hoya, because that was way too risky. Most that saw that fight felt Oscar won the fight. Cotto bloodied Floyd, made him fight every minute of every round, was…

Comment by 915angel on 07-26-2012

[QUOTE=tlarry;12373334]Floyd walked away from a $25m rematch with Oscar De La Hoya, because that was way too risky. Most that saw that fight felt Oscar won the fight. Cotto bloodied Floyd, made him fight every minute of every round, was…

Post a Comment - View More User Comments (44)
Top Headlines For Better or Worse, Heavyweight Glory Still Runs Through Klitschko Golovkin's Coach: Mayweather Deserves Catch-Weight, NOT Canelo! Frank Warren: Klitschko Does NOT Deserve Shot at WBA Title! What To Do With Tyson Fury? - BoxingScene Ratings Update Arum Explains Manny Pacquiao's Lack of Knockouts Since 2009 McGuigan: Frampton Will Make an Impact in Vegas With Santa Cruz Golovkin Warns Saunders: I Want Your Belt, That is My Goal! Joe Hanks, Denis Douglin Return To Action on November 5 Manny Pacquiao Gets in One Last Workout Before Leaving To LA Hearn: I 100% Want Anthony Joshua vs. David Haye in 2017 Parker vs. Ruiz: Duco Looking For Goverment Funding For Event Jean Pascal Not Yet Ready For Ring Return, Says Trainer Photo: Victor Terrazas, Eduardo Hernandez on Weight For War Vargas: It's My Time, After I Beat Pacquiao - A Star Will Be Born! Erislandy Lara Still Has a Target on The Back of Gennady Golovkin Photos: Luis Nery, Richie Mepranum Set For War in Tijuana Joselito Velasquez, Mexican Olympian, To Be Trained By Robles Wladimir Klitschko, Lucas Browne Far Apart On Money For 12/10 Photos: Canelo is Officially Belted in Puerto Rico By The WBO Cotto Says Canelo Rematch is a Subject For Discussion Danny Williams Returns, Faces Ali Eren Demirezen in Hamburg Edis Tatli Takes on Manuel Lancia on December 17 Canelo vs. Saunders Showdown Fully Backed By WBO Prez Weights: David Lemieux, Cristian Fabian Rios Ready To Fight Eggington Predicts Damage: I'm Going To Do a Job on Gavin Jeff Horn Ready For IBF Strap: 100%, Bring on Errol Spence! Hooker Plans on Testing Perez's Chin Early on Kovalev vs. Ward Marin, Pintor Make Weight For Boxeo Telemundo Season Finale Photo: Micki Nielsen, Kevin Lerena Ready For Battle Abel Sanchez Very Confident That Andy Ruiz Beats Joseph Parker Frampton: I'll Make it Two-Nil, Santa Cruz Only Fights One Way! Golovkin's Coach: I Doubt Canelo Will Last Eight or Nine Rounds Jeff Horn Crushes Rico Mueller As Title Shot Nears David Haye: Fans Want Me To Smash Tony Bellew, Shut Him Up Joshua Taylor Tabbed To Become World Champion By McGuigan Tim Bradley: I Need To Retire A Winner, Capture One More Title Eric Molina: I'll Fight Anthony Joshua or David Price on Dec. 10 Canelo: It Would Be an Honor To Rematch Miguel Cotto Kevin Lerena Confident of Knocking Micki Nielsen Out Dejan Zlaticanin: I'm Fighting Mikey Garcia on January 28

Latest Active Forum Threads