By Luis Sandoval
BoxingScene recently caught up with Golden Boy Promotions CEO Richard Schaefer at Saul “Canelo” Alvarez’s open media workout in Santa Monica, CA.
Schaefer was in good spirits and proud of the card they are putting forth September 15th which is stacked from top to bottom. But an interesting topic of discussion was the lingering situation with TMT (The Money Team) Promotions company that has been spearheaded by rap artist now turned promoter 50 Cent. The newly formed entity is also said to be in conjunction with Floyd Mayweather Jr.
50 Cent vowed to Oscar De La Hoya that his company Golden Boy Promotions would no longer have any part in working or promoting any of Mayweather’s future fights.
Schaefer was asked what his reactions were on TMT Promotions and his thoughts on the possibilities of continuing to work with Mayweather despite 50 Cent’s comments.
“Well Floyd is a friend of mine. We’re very good friends. He’s a terrific guy. We get along very well. So I’m not really worried by what 50 Cent is doing. I’m just going to leave it at that. Floyd and me have a recipe for success and in the process he has made more money than any fighter ever” Schaefer would tell BoxingScene.
“[He’s] broken any and all pay per view records. Look at his last fight; one million and a half homes against Miguel Cotto. We have a Pay Per View machine which is really second to none. So this is not something you can’t just wake up and do.”
Schaefer obviously feels Golden Boy has the resources and experience in being able to cultivate big fights and knowing how to promote them in a way that gets the best results. With TMT being newly formed and really not sure who will be running the ship, Golden Boy stills seem like the appropriate vehicle for Mayweather but only time will tell.
Aside from Golden Boy still being attractive in the business aspect, Schaefer also believes his personal and working relationship with Floyd will allow for them to continue working together in the future.
“That’s the business aspect but the other aspect is Floyd and me respect each other and like each other. We work very well together and our teams work well together as well. So I think the future for Floyd and us is terrific and I am excited and looking forward to continue working with him” said Schaefer.
One person however that Schaefer doesn’t anticipate to work with is nemesis Bob Arum of Top Rank. Both companies have been feuding for years and have continued to refuse to work with each other. What it has essentially done is prevented great fights from happening and having boxing run in what seems to be two entirely different worlds.
“You know, the thing I came to realize after many tries over the past years of extending the olive branch is that one cannot have a relationship with Bob [Arum]. At one point you just need to move on which is okay. You know, I moved on and whatever they do over there they do. I really don’t care” revealed the Golden Boy CEO.
“You just move on because you keep on trying and trying and trying, and you sort of just get the same kind of treatment. The same kind of arrogance. At one point you just go ‘got it’ and move on. And I have reached that point and I move on”.
Seems like this “cold war” is far from ending and the closest we’ll get to see these companies working together is having fighters from each promotional company mandated to fight by sanctioning bodies like in the case of Vanes Martirosyan and Erislandy Lara.
According to Richard, Golden Boy still has some shows they are working on before the end of the year. They are looking at November 10th, 17th and 24th as possible dates to do another event. They have also saved December 15th for Amir Khan who they hope will fight before the end of the year. Schaefer also mentioned December 1st having a show planned at Madison Square Garden where it has been noted Miguel Cotto is set to make his return. Let’s see how that develops are there are talks of Cotto fighting Pacquiao in December which would be in conjunction with Top Rank.
You can follow Luis Sandoval on Twitter @Truewest007. You can also tune in to The Boxing Lab, BoxingScene’s official audio show every Tuesday from 6-8PM PST with hosts Ernest Gabion, Luis Sandoval, and Ryan Burton.
Tags: Floyd Mayweather Jr. , Bob Arum , Top Rank , Richard Schaefer , Golden Boy Promotions , 50 Cent