Advertisement
Advertisement
Boxingscene.com

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 Brace Yourself for the Real Possibility of Canelo-Lemieux in September Juan Manuel Marquez Could Name Date, Opponent Next Week Vasyl Lomachenko is Not Taking Jason Sosa Lightly Guillermo Rigondeaux's Adviser Explains Current Career Status Andre Dirrell vs. Jose Uzcategui in Play For May 20 Loeffler Confirms Golovkin-Jacobs Did About 170K PPV Buys Photos: Nico Hernandez vs. Patrick Gutierrez - Official Weigh-In De La Hoya: Golovkin a Big Star? Why Does He Sell 100-200K on PPV? Photos: Jhonny Gonzalez vs. Francisco Contreras - Official Weigh-In Christopher Martin Shocks Daniel Franco, TKO in Three Josh Taylor Overcomes Cut, Stops Warren Joubert In Six Photos: Jorge Paez Jr. vs. Daniel Sandoval - Official Weigh-In Mikey Garcia Will Go To 140 in 2018, Unless Lomachenko Comes Conrad Cummings Stops Gogi Knezevic, Picks Up WBO Regional Shumenov vs. Dorticos Headed To April 29 in Las Vegas Liam Williams: Liam Smith Will Be in For a Rude Awakening Nacho Admits Surprise at Chavez's Hard Work For Canelo Fight Chocolatito: To Win, I Have To Knock Sor Rungvisai Out Rematch! Ray Robinson Returns To The Fillmore in Philadelphia Barthelemy vs. Relikh WBA Eliminator is Ordered Jermell Charlo vs. Charles Hatley Added To Berto vs. Porter Card Photos: Tyron Zeuge vs. Isaac Ekpo - Official Weigh-In Crolla: I'm in The Best Shape of My Life For Linares Rematch Billy Joe Saunders' Trainer on Facing Gennady Golovkin Porter: McGregor Sparring Looked Bad, Mayweather Batters Him Photos: Linares, Crolla Ready For Rematch War - Official Weigh-In Helenius vs. Chisora Rematch Finalized, May 27 in Finland David Benavidez vs. Rogelio Medina in WBC Eliminator Crolla: I'll Need Career Best Performance To Beat Linares Thurman No Longer Concerned With Pursuit of Mayweather Spence's Trainer: Brook Dwells on His Loss as Career High Point! Frank Warren: Saunders Very Confident He'll Beat Golovkin David Haye: I Will Be Heavyweight Champion Again, Trust Me Callum Smith Would Love To Get His Hands on James DeGale British Boxer Moves Past Terror Attack, Wins Fight in WSOB Peter Fury Receives Visa, Will Be Present For Joseph Parker Bout Mikey Garcia Has Received Good Offers From Schaefer, De La Hoya De La Hoya Warns: Golovkin Fighting in June Derails Canelo Bout! Who Is The Number One "Pound For Pound" Boxer Now? Arum: If Mayweather-McGregor Falls Through - UFC To Blame
Advertisement
Latest Active Forum Threads
Advertisement
Advertisement