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 Murray on Gabe Rosado's Complaints: I Won The Fight, F*** Him! Team Parker: Hughie Fury Never Wanted To Come To New Zealand Klitschko: Joshua Wants To Be a Billionaire, Must KO Me as Promised Team Fury: Hughie Suffered Lower Back Injury, Not Medically Fit Amir Khan To Keith Thurman: Forget Porter, Fight Me! Kazuto Ioka Shines To Retain WBA Belt, Tapales Wins By TKO Billy Joe Saunders Not Impressed, Vows To Expose Khurtsidze Photos: Oscar Valdez Beats Miguel Marriaga in a Grueling War Photos: Jermell Charlo With BRUTAL Knockout of Charles Hatley Photos: Martin Murray, Gabe Rosado Nearly Brawl Over Scores Photos: Shawn Porter Drops, Mauls Andre Berto For TKO Win Photos: Avtandil Khurtsidze Crushes Tommy Langford in Five Photos: Arthur Abraham Defeats Krasniqi To Secure WBO Shot Billy Joe Saunders vs. Avtandil Khurtsidze on July 8, Copper Box Kevin Lerena vs. Sergio Ramirez at Emperors Palace Anthony Joshua Sees No Reason To Fight in U.S. To Raise Profile Gilberto Ramirez Ready For Golovkin Next: Just Send The Contract! Jermell Charlo: Jarrett Hurd Took My Brother's Title - We Can Unify Keith Thurman: Porter Fought His Way To Earning a Rematch Carlos Castro Stays Undefeated with Decision Over Palacios Oscar Valdez Drops, Decisions Miguel Marriaga in Tough Fight Joseph Parker's Promoter Does Not Believe Hughie Fury is Injured Gilberto Ramirez Dominates Max Bursak To Retain WBO Title Shawn Porter Stops Andre Berto in Nine To Earn Thurman Shot Andre Berto vs. Shawn Porter - LIVE BoxingScene Scorecard Jermell Charlo Knocks Charles Hatley Unconscious In 6th Round Parker's Promoter is Furious: Hughie Fury Claims He is Injured! Shakur Stevenson Makes Pro Debut, Beats Brito in Five Rounds Serrano Stops Santana; Becomes 5-Division Women’s Champ Andre Berto vs. Shawn Porter - CompuBox Historical Review Jessie Magdaleno Destroys Adeilson Dos Santos in Two Rounds Magdaleno: I'm Hungrier Now, Holding This Belt For Many Years Joseph Parker vs. Hughie Fury is OFF - Confirms WBO President LIVE Top Rank Tripleheader Results From StubHub in Carson Krzysztof Zimnoch Demolishes Michael Grant in Two Rounds Martin Murray Beats Gabe Rosado, Who Loses Temper Over Scores Khurtsidze Blasts Tommy Langford To Earn Billy Joe Saunders Arthur Abraham Punishes Robin Krasniqi, Wins WBO Eliminator Dalakian, Yegorov, Yefimovich Win WBA Title Bouts in Kiev Marriaga: Valdez Not Invincible; I'll Knock Crown Off His Head
Advertisement
Latest Active Forum Threads
Advertisement
Advertisement