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Schaefer: Donaire Cheated Financially, I Feel Bad For Him - Boxing News
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 Last update:  4/17/2013       Read more by Ryan Burton         
Schaefer: Donaire Cheated Financially, I Feel Bad For Him
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By Ryan Burton

Golden Boy Promotions CEO Richard Schaefer feels bad for former champion Nonito Donaire, who suffered a twelve round unanimous decision loss to Guillermo Rigondeaux last weekend in New York City.

Schaefer had been trying to make a super bantamweight unification fight between Donaire and then WBC champion Abner Mares. He offered Donaire's promoter, Top Rank, a financial package of $3 million dollars for the services of Donaire.

Schaefer's advances were rejected. In response, Mares vacated his WBC title and moves up to featherweight to challenge WBC champion Daniel Ponce De Leon as the co-feature to the Mayweather-Guerrero Showtime Pay-Per-View on May 4th at the MGM Grand in Las Vegas. On the other end, Donaire was matched against Rigondeaux, who is also promoted by Top Rank. Most insiders view Rigondeaux as having one of the most difficult styles in boxing.

Schaefer does not expect to make any matches with Top Rank, including a Rigondeaux vs. Mares clash. He feels Donaire was cheated out of a very lucrative opportunity against Mares when Top Rank rejected his proposal and instead matched "The Filipino Flash" against Rigondeaux.

"Unfortunately with [Top Rank's CEO Bob] Arum you have a promoter who you can't really work with. He only wants to do in-house and that's what happens when you do in-house fights - and the one who really got cheated out of the opportunity, financially and professionally, is Donaire. I feel bad for the guy but that's what happens. There is no sense in talking about fights with Top Rank guys because it won't happen. It's just fruitless energy and wasted effort. As long as this guy is going to promote you are going to see this kind of thing and I feel bad for his fighters," Schaefer told

Tags: Bob Arum , Nonito Donaire , Top Rank , Richard Schaefer


 User Comments and Feedback (must register to comment)

ooo richard, naive richard
comment by cubano1589, on 04-18-2013
What a guy....taking a shot at donaire after a loss to a superior richard really that retarted to think mares would have won, come forward, no defense, fouling, reckless mares....Dont get me wrong i love mares he da man his styles so fun to watch but come on donaire would would ease i...

comment by KickAzz, on 04-17-2013
[QUOTE=HeroBando]The combined purse for Mares Agbeko 2 was $430 lol.[/QUOTE] that's fu*kkin pathetic. and muthafu*kkas keep saying GBP > TR.

comment by KickAzz, on 04-17-2013
[QUOTE=HanzGruber]Who cares what 50 said. He also tried to tell Floyd to leave haymon. Some friend lol. And even tho bob doesn't care about Rigo I still doubt hell let him fight gbp[/QUOTE] Haymon is responsible for all the showcase fights on HBO of his boxers. He gave us years of Berto showca...

comment by KickAzz, on 04-17-2013
[QUOTE=theocdog]Why would GB offer $3Mil for Rigo. Rigo is a very good boxer but he is unknown and his style is boring to the casual fans. If GB were to offer money for Rigo's services it would be a lot less than $3Mil. Lets be realistic here.[/QUOTE] GBP would never allow Mares to fight Rigon...

comment by KickAzz, on 04-17-2013
[QUOTE=DeadLikeMe]Just imagine, if Donaire had managed to get away from Arum like he wanted and signed with GBP...we wouldn't have 2/3rds of this Top Rank/GBP fanboy idiocy on here.[/QUOTE] Why would Donaire leave Arum? Arum was grooming Donaire to be the next Pac. Donaire was just trying t...

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