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 Ivan Dychko Turns Pro, Eyes Anthony Joshua Rematch Tommy Coyle To Face Rakeem Noble In Hull; Kofi Yates Out Haye: I Know I Can Beat Joshua, I Want To Fight Him Next Hunter Says Canelo is Doing Golovkin Dirty With Flat Fee Offer Klitschko Banking on Experience To Push Him Past Joshua "Fighting Words" - Thomas Williams Jr. Took the Hard Way Out Broner: I'm Not Gonna Lie; Granados Hurt Me One Time in Fight Igor Mikhalkin Aims To Get Back in The Mix After PED Mess Photo: Chavez Jr. Arrives To Mexico City Looking Very Slim Magomed Madiev, Khegai, Agadzhanyan Win in Moscow Promoter: To Gain Credibility, Beterbiev Has To Fight on The Road Adrien Broner vs. Adrian Granados - CompuBox Punch Stats Martinez Will Give Advice To Sosa Ahead of Lomachenko Fight Showtime's Espinoza on Joshua Gaining U.S. Fans, Wilder Clash Kovacs Retains WBO Euro Belt, Imre Szello Beats Garrett Wilson Broner Says He Fought For Nine-Plus Rounds With Broken Hand Avni Yildirim Crushes Alexander Sushchyts in One Broner Explains Why Mayweather Didn't Attend Granados Fight Arthur Abraham vs. Robin Krasniqi at Congress Center in Erfurt Broner: I Spoke to Bob Arum Recently About Making Pacquiao Fight Nathan Gorman Blows Away Gogita Gorgiladze With Quick KO Roy Jones Jr. Return Possible For May in Belarus, Says Hryunov Photos: Lamont Peterson Back in The Mix, Beats Avanesyan Terry Flanagan vs. Jorge Linares is The Goal, Says Frank Warren Danny Garcia: Beating Thurman Will Make Me The Face of Boxing! Photos: Adrien Broner Barely Defeats Granados - HUGE Gallery Photos: Marcus Browne Drops Williams Three Times For KO Win Daniel Dubois Inspired By Mike Tyson, Aims To Be British Version Klara Svensson Confident That Braekhus' Reign Will Be Over Browne To Adonis Stevenson: Give Me My Shot, I Want The Strap Lamont Peterson: I Want To Fight Anyone at Welterweight 30-Day Weights: Gennady Golovkin 165.1, Daniel Jacobs 174.8 Granados: They Changed The Weight, The Scale - I Beat Broner! Broner: I Was Beating Granados Up, This Was an Easy One For Me Pedro Campa Stops Marvin Quintero in Four Rounds Adrien Broner Returns To Win Split Decision Over Granados Adrien Broner vs. Adrian Granados - LIVE BoxingScene Scorecard Lamont Peterson Decisions David Avanesyan, Captures WBA Belt Peterson vs. Avanesyan - LIVE BoxingScene Scorecard Marcus Browne Knocks Out Thomas Williams in The Sixth
Advertisement
Latest Active Forum Threads
Advertisement
Advertisement