Despite an ongoing internal conflict within his company, BoxingScene.com has been advised that on Thursday Golden Boy Promotions President Oscar De La Hoya traveled over to the Beverly Hills home of Bob Arum, the CEO of Top Rank, to make peace and hopefully work towards a business relationship in the future.
"I did go up to his house to make peace with him," De La Hoya said. "I told him, 'Look, this meeting is not a business meeting. Let's bury the hatchet. And who knows, maybe down the road we can work together.' Top Rank is a major player in the boxing industry and Golden Boy is the player in the boxing industry. So why not get the two powerhouses together and make the fights that the fans want to see?"
De La Hoya, and Golden Boy CEO Richard Schaefer, are at odds over having a working relationship with Arum. Schaefer, who doesn't mind if De La Hoya makes peace with his former promoter, has no interest in ever working with Arum again. The two companies have not promoted a fight together in five years.
Some believe the internal dispute will result in Schaefer parting ways with Golden Boy, but De La Hoya makes it clear that he wants him to remain with the company.
"I keep hearing rumors that Richard is going to get fired," De La Hoya said. "That's not the case. I want him to stay. There's no reason that he should be thinking that. I want him to stay."
For his part, Arum believes the two promotional entities could certainly work together if De La Hoya takes over business operations of Golden Boy.
"We've met and spoken but I'm not going to go into what we've spoken about," Arum said. "I would certainly say that none of this nonsense of Cold War and 'I won't deal with this guy' - none of that will prevail if Oscar takes over the company. There will be no animosity between the two companies."