Mayweather Parts Ways With Golden Boy Promotions

By Rick Reeno

Golden Boy Promotions have been co-promoting Floyd Mayweather Jr. since he won a twelve round split decision over Oscar De La Hoya in May of 2007. Mayweather has never been on good terms with De La Hoya, the President of Golden Boy, but the unbeaten boxer was very close friends with Golden Boy Promotions CEO Richard Schaefer.

When Schaefer made an announcement on Monday that he was officially leaving Golden Boy, it came as no surprise that Mayweather would terminate his business relationship with De La Hoya's company.

For several months, De La Hoya and Schaefer were bickering internally over the business direction of Golden Boy. According to both sides, much of the bickering was due to De La Hoya's desire to rekindle a working relationship with Top Rank's CEO Bob Arum, who Schaefer had no intention of working with.

Last month, Mayweather made it clear that if Schaefer left Golden Boy, he would welcome him to Mayweather Promotions with open arms.

"Richard knows there is always a home over here. We would love to work with him hand in hand. If he has any problems over there. That's the company that we know Richard Schaefer built. Richard and Leonard [Ellerbe] work hand in hand. We're working hand in hand already. We would love to work with Richard. He is a great guy, a great father," Mayweather said.

"Richard knows the door is always open, we look at him as family. We're stronger together than apart. And I think we are going to continue to build with each other and grow with each other."

Ellerbe confirmed on Monday, to ESPN, that Mayweather was staying true to his word and was walking away from Golden Boy due to Schaefer's departure.

Last month, Schaefer did state that he would explore several possibilities once a final decision was made on whether or not he was staying at Golden Boy. One of the more circulated rumors would have Schaefer and powerful adviser Al Haymon starting their promotional company.

"Floyd and me are friends, we have a close relationship but truth be told, I haven't had any conversations with Floyd because I don't think that would be appropriate, because I have a job at Golden Boy and I'm gonna continue to do it," Schaefer said. "But once I do either stay or not stay, whatever the decision gonna be, then I will look at what opportunities are out there and, obviously, Floyd, whether I'm there or not there has a bright future.

"Al and me are friends. We work very well together. We have done good business together. He's a businessman I highly respect and regard. His accomplishments are not just in the sport of boxing. But I am not going to discuss my thoughts. I don't really think about what I'm gonna do next. I have a pretty good idea."

User Comments and Feedback (Register For Free To Comment) Comment by Evol on 07-10-2014

[QUOTE=The Big Dunn;14743576]Since a bunch of mooks like yourself said Maidana won, showtime and floyd figured we can do a rematch and make a lot of easy money! They are playing off the stupidity of fans like you.[/QUOTE] Dunn is…

Comment by -MARKAVELLI- on 07-10-2014

I just rented an apartment near MSG for the reason that Mayweather already got a promoters license...I thought Floyd would fight there! What happened? Why did they crawled back to GBP?

Comment by The Big Dunn on 07-10-2014

[QUOTE=Beercules;14743618]Nope it was just too much fun watching all of you hardcore FloydTroopers get your balls in a twist the day after the fight. But I hope you enjoy the fight Dunn, hopefully there will be no controversy this time,…

Comment by Beercules on 07-10-2014

[QUOTE=The Big Dunn;14743612]what damage control you said you couldn't wrap your head around why they are fighting again it so I helped you. Because idiots like you went on for a weeks that maidana won or it was a draw,…

Comment by Red Cyclone on 07-10-2014

Maidana is a dirty fighter :crying: [IMG][/IMG] ^^^ That doesn't count doe :puppy_dog

Post a Comment - View More User Comments (256)
Top Headlines Ustinov's Manager Expects WBA To Order Klitschko Title Fight Premier Boxing Champions Reveal Season 3 Schedule Helenius Faces Basile on 12/17, Chisora Rematch Eyed For March Arthur Abraham Shelved For Three Weeks Due To Elbow Injury SHO's Espinoza: Mayweather Won't Even Joke About Ring Return Curtis Stevens-De La Rosa Added To PPV Portion of Kovalev-Ward Briggs Claims Haye Used His Name: He Backed Out of Our Deal Cuellar Vows To Take Mares Out - Targets Frampton, Santa Cruz Klitschko: No Retirement, Joshua Fight Will Be Biggest in Years Wilfredo Vazquez Jr: Juanma Repulses Me, I Will Knock Him Out! Jarrett Hurd vs. Jo Jo Dan Set, Jorge Cota is Now Out Badou Jack Thinks Ward-Kovalev is 50-50, Leans Ward With Pick De La Hoya Not Concerned With The Return of Richard Schaefer Andre Ward: Kovalev Won't Bully Me - He Tires, He Gets Frustrated Arum: Trump Thought of Andy Ruiz When He Said 'Bad Hombre' Tino Avila Wants To Dominate Ramirez, Fight For Title in 2017 Molina: Look at My Wilder Fight, I'll Raise Hell Against Joshua! David Haye: In 2017 I Will Be Heavyweight Champion - I Know It! De La Hoya To Critics: I Strongly Feel Canelo-Golovkin Will Happen Taras Shelestyuk Aims To Follow Gold Path of His Olympic Mates Brandon Rios a Free Agent, No Longer a Top Rank Fighter Katie Taylor Mulling Pro Move, Heading To Eddie Hearn? Fenech: Mundine-Green II is Bullsh*t Fight - Must Be Stopped! Nonito Donaire: I Want The Frampton vs. Santa Cruz Winner Next! Jack Doesn’t Take Much From DeGale’s Tough Fight with Medina Joshua's Fight Will Land on Showtime - Price, Jennings or Molina Keith Thurman vs. Danny Garcia Could Air on CBS in Prime Time George Foreman: Joshua Could Be Become an All-Time Great Andy Lee Wants Tough Fight, Gennady Golovkin Showdown Carl Frampton: I'll Beat Leo Santa Cruz Even More Convincingly! Jack: DeGale is Very Tough, I’ll Win and Be Best at 168 Arthur Abraham Out Of Martin Murray Rematch In Monte Carlo Craig Cunningham Heading To 154 After Shocker Over Ogogo Photos: Juanma Grinds Hard For Wilfredo Vazquez Grudge Fight Denis Shafikov vs. Richard Commey Set, Heading To Russia Broner vs. Granados on Feb. 11, Thurman vs. Garcia on March 4 Badou Jack vs. James DeGale Unification Set For January 14 Hosea Burton vs. Frank Buglioni Lands on Anthony Joshua Card Claressa Shields Pro Debut Finalized For Kovalev vs. Ward PPV Payano Eyes December Return in Quest For Second Title Reign

Latest Active Forum Threads