Advertisement
Advertisement

Golden Boy, Schaefer Ink Long-Term Contract Extension

LOS ANGELES, CA  . . Golden Boy Promotions and Golden Boy Enterprises announced today their Chief Executive Officer Richard Schaefer has agreed to a long-term contract extension with the companies that will ensure the continued success of the thriving sports and entertainment enterprise.  Schaefer, along with company President Oscar de la Hoya, has been greatly responsible for growing the business into the leading boxing promotional company in the world.   

"I am thrilled to have Richard commit to a long-term contract extension with Golden Boy, as he is not only my trusted Chief Executive Officer but he is one of my closest friends," said President Oscar de la Hoya. "This is a very important day for the company and another, and very exciting, chapter in our storied path.  We have achieved so much already and I can't wait to announce the many endeavors Richard and I have been working on over the past months to ensure our continued growth and success."

Schaefer was hired in 2000 by De La Hoya to run Golden Boy Enterprises.  In 2003 he and De La Hoya formed Golden Boy Promotions with Schaefer being named CEO. Over the past ten years, theLos Angeles-based business has become a premier promotions company increasing their revenue and events base yearly.

"I am excited to extend my contract and look forward to working with the company for many years to come," said Schaefer. "Oscar is a visionary leader who has inspired millions as a fighter in the ring and now he is doing the same thing outside of the ring with his "yes we can" attitude. I am proud of him, our Golden Boy staff, our partners and shareholders and most importantly our fighters, who make the company what it is."

Under Schaefer's leadership, Golden Boy has grown from an upstart West Coast promoter to the most dominant promoter in the world today.  Golden Boy's stable currently includes over 50 fighters, including 20 current and former world champions and many others ranked in the top 10 of their respective weight divisions.The Company was involved in an amazing 103 boxing promotions in 2011, which translates into an average of nearly two fights per week.  Golden Boy regularly schedules its fights on nearly every major boxing network in the United States and Mexico, including HBO, Showtime, Fox Sports Net, Televisa, and Telefutura.  Schaefer's efforts have also resulted in Golden Boy promoting some of the largest grossing boxing events in history, including De La Hoya vs. Mayweather (2007), De La Hoya vs. Pacquiao (2008), Margarito vs. Mosley (2009), Mayweather vs. Mosley (2010), Mayweathervs Ortiz (2011) and the upcoming Mayweather vs. Cotto bout set for Saturday, May 5.

De La Hoya vs. Mayweather broke all pay-per-view and box office records with 2.5 million buys and over $17 million in gate proceeds.  Both records still hold today.  Golden Boy's track record of signing young talent is unsurpassed, having signed ESPN.com's Prospect of the Year winners from 2007 through 2011.  The results of these efforts can be seen in the Company's regular receipt of industry awards, including the Boxing Writers Association of America 2010 and 2011 Fight of the Year Awards.

Schaefer concluded, "Our success speaks for itself.  Together we have built the company into a global promotions powerhouse and we will continue to make history every day.  We have a great team of young, energetic and creative people working for and with us. I am looking forward to breaking new records together with them."

User Comments and Feedback (Register For Free To Comment) Comment by Baracka Flocka on 04-11-2012

Schaefer IS Golden Boy Promotions.

Comment by edgarg on 04-11-2012

[QUOTE=el***;11993236]He is the CEO, the article itself states that. The contract is for him as CEO and probably has to due with pay ect and guarantees him staying with the company longer. How would you know what Barrera/Hopkins/Mosley's stakes were…

Comment by starsjuicebar on 04-11-2012

I seen many shotie decisions from golden boy that makes them no different then the rest of the big promotes.

Comment by Roman Moreno on 04-11-2012

[QUOTE=el***;11993236] How would you know what Barrera/Hopkins/Mosley's stakes were in the company if it isnt required to publish it? I have never heard mosley say anything about a check for his shares.[/QUOTE] Because, it was published.

Comment by elfag on 04-11-2012

[QUOTE=Simply Zyzz;11992669]lol i had no idea schaefer was signed to some contract, i thought he is the ceo, or how the hell does that work???[/QUOTE] He is the CEO, the article itself states that. The contract is for him as…

Post a Comment/View More User Comments (9)
Top Headlines Teddy Atlas: McGregor Needs 5 Years of Training For Mayweather Povetkin's Promoter: WBC's Investigation Will Take a Few Months Casimero: I Can Drop Chocolatito Just Like I Dropped Ruenroeng! Video: Shane Mosley vs. Cruiserweight Dimar Ortuz - Sparring Eddie Hearn Believes Ricky Burns is Still The Same Fighter Whyte Says Chisora Punked Out, Backed Down From Challenge WBC Prez Applauds Pacquiao For Turning Back on Olympic Offer Haye vs. Gjergjaj Peaked at 2.5 Million Viewers For Channel Dave Hearn: Everton Event Will Be Great For Community WBO Purse Bid Ordered for Glowacki vs. Usyk Jarrell Miller Rips Joshua, Fury, Luis Ortiz, Parker, Andy Ruiz Too Joel Diaz: Bradley Had No Game Plan, Looked Lost and Confused Eubank Jr: Golovkin is Slow, Easy To Hit - His Power Can't Beat Me! Makabu Confident: Tony Bellew Has NOTHING Special For Me Frank Warren Slams David Haye's Recent Win, Briggs Fight Micki Nielsen Vows To Win Entire 'Super 4' Tournament Fury's Coach: Parker is a Very Serious Test For Anthony Joshua Steven Lewis Aims To Make Statement on Echo Arena Card Radmir Akhmediyev, Pablo Cruz Get Big Wins in Houston Povetkin Not Backing Down: We'll Do Everything To Get Wilder! Anthony Ogogo - Sauerland, De La Hoya Expect Big Things Tyrone Nurse Says Willie Limond Will Never Make it To Ricky Burns Arum Praises Pacquiao For Rejecting Offer To Fight in Olympics Roach Backs Canelo: Golovkin The Best, But Brings NO Money! Donnie Nietes, Raul Garcia Make Weight - Melindo is Way Over Photos: Shane Mosley, David Avanesyan Putting in Work For Battle Demetrius Andrade Focused: My Time's Gonna Come Photos/Weights: Jarrell Miller vs. Nick Guivas, Dela Torre, More Roach Feels Chavez Jr. - If in Shape - Could Test Gennady Golovkin Errol Spence: Vargas Will Need KO or Beat Brook's Ass To Win in UK Daniel Jacobs-Sergio Mora Rematch on The Horizon? Lucian Bute Reacts To Failed Drug Test, Will Open His B-Sample Bob Arum Offers To Stage Trump vs. Sanders Debate on PPV Cohen Feels Jarrell Miller is The Best Young American Heavyweight Deontay Wilder-Chris Arreola in Play For Summer Showdown Video: Joseph Diaz Discusses His Career, The Future, More Et Tu, Bute? Former Champ in Hot Water After Failing Drug Test Video: Sergio Mora Discusses Golovkin, Canelo, Jacobs, More Frank Warren: Not in a Million Years Does Eubank Jr. Beat Golovkin Phil Lo Greco-Joseph Elegele Tops PBC on Bounce, June 12th
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement