Schaefer: Golden Boy Will Not Get Hurt By HBO's Move

By Robert Morales

HBO on Monday morning made a rather startling announcement. For now it is no longer going to buy fights from, or do business with, Oscar De La Hoya's Golden Boy Promotions.

An HBO official, who spoke on the condition of anonymity, expounded.

"We just felt it was best to align ourselves with people who share the same common goals as us," the official said. "We want to take young fighters and put them on the biggest boxing television platform and hopefully launch them into stardom. Fighters like Gennady Golovkin, Andre Ward, Brandon Rios, Tim Bradley (none of whom are promoted by Golden Boy). We are just not on the same page right now (with Golden Boy). But this is boxing, so you never say never."

The official was asked if this move has anything to do with HBO recently losing Floyd Mayweather Jr. to rival Showtime. Mayweather does not have a promotional contract with Golden Boy, but Golden Boy has promoted his past several fights.

The official said that was not the case and the decision had more to do with Golden Boy fighters like Amir Khan, Danny Garcia and Saul "Canelo" Alvarez, whose careers were launched by HBO only to see them bolt to Showtime when terms for future fights could not be agreed upon.

The official described that kind of business as "very unproductive."

Richard Schaefer, CEO of Golden Boy, said he believes this clearly is a result of the aftermath of the aforementioned fighters leaving HBO for Showtime. Schaefer, however, said the statement issued by HBO Sports President Ken Hershman regarding this ordeal is contradictory.

"To use a statement that they are going to focus on the best fighters in the best weight classes, I mean, the best and most exciting weight classes are 140, 147 and 154," Schaefer said. "You look at the strength of our stable in those three weight classes, I mean, how can you say that you want to put together the best fights with the best fighters when the best fighters - and I'm not exaggerating, about 80 to 85 percent - are with Golden Boy?"

Schaefer said he does not believe this will hurt Golden Boy, which has a very strong relationship with Showtime and its vice president in charge of sports, Stephen Espinoza.

"You look at the strength of our stable, you look at our lineup, you look at the dates we have, you look at the commitment Showtime and CBS has made toward the sport of boxing, why would it?" Schaefer said. "And this is not the same Showtime of two, three years ago when they were under Ken Hershman. This is a new Showtime under Stephen Espinoza. Does it hurt HBO not to do business with Golden Boy?. "Does it hurt their subscribers?"

Hershman, who at least for now will have no further comment, previously occupied the post Espinoza now holds at Showtime, which hired Espinoza in November 2011 after Hershman announced he was leaving for his current post at HBO.

Robert Morales covers boxing for the LA Daily News and

User Comments and Feedback (Register For Free To Comment) Comment by Los Zetas on 03-20-2013

[quote=flint] great move by goldenboy.HBO has itself to blame.putting all the eggs in pacquiaos basket then he got put to sleep.HBO chose chavez over canelo so this is what you things for sure is that arum won't be keeping…

Comment by ThePunchingBag on 03-20-2013

It will hurt GBP in the long run if Showtime can't pony up more money to keep the business going. GBP might have to back off from signing new prospects if they can't afford to pay a growing stable on…

Comment by Dr Rumack on 03-20-2013

It's obviously bad for Golden Boy that HBO isn't available to them anymore. It's not good for HBO either but GBP gave them little choice, and ultimately they have enough interests in different markets to not be too worried about…

Comment by Mr. Philadel on 03-20-2013

HBO, SHO, CBS, NBC, CNN is like McDonalds, Burger King, Taco Bell, KFC, and those other junk food companies....might look different, taste different and might even offer a different product....but at the end of the day...they're ALL the same with…

Comment by Man232 on 03-20-2013

You idiots really think CBS/Showtime doesn't have the budget are you kidding me??? CBS is the most watched network if they want to pay for boxing they will pay for boxing! Now that they have the best stable in boxing…

Post a Comment - View More User Comments (34)
Top Headlines Joselito Velasquez, Mexican Olympian, To Be Trained By Robles Wladimir Klitschko, Lucas Browne Far Apart On Money For 12/10 Photos: Canelo is Officially Belted in Puerto Rico By The WBO Cotto Says Canelo Rematch is a Subject For Discussion Danny Williams Returns, Faces Ali Eren Demirezen in Hamburg Edis Tatli Takes on Manuel Lancia on December 17 Canelo vs. Saunders Showdown Fully Backed By WBO Prez Weights: David Lemieux, Cristian Fabian Rios Ready To Fight Eggington Predicts Damage: I'm Going To Do a Job on Gavin Jeff Horn Ready For IBF Strap: 100%, Bring on Errol Spence! Hooker Plans on Testing Perez's Chin Early on Kovalev vs. Ward Marin, Pintor Make Weight For Boxeo Telemundo Season Finale Photo: Micki Nielsen, Kevin Lerena Ready For Battle Abel Sanchez Very Confident That Andy Ruiz Beats Joseph Parker Frampton: I'll Make it Two-Nil, Santa Cruz Only Fights One Way! Golovkin's Coach: I Doubt Canelo Will Last Eight or Nine Rounds Jeff Horn Crushes Rico Mueller As Title Shot Nears David Haye: Fans Want Me To Smash Tony Bellew, Shut Him Up Joshua Taylor Tabbed To Become World Champion By McGuigan Tim Bradley: I Need To Retire A Winner, Capture One More Title Eric Molina: I'll Fight Anthony Joshua or David Price on Dec. 10 Canelo: It Would Be an Honor To Rematch Miguel Cotto Kevin Lerena Confident of Knocking Micki Nielsen Out Dejan Zlaticanin: I'm Fighting Mikey Garcia on January 28 Custio Clayton Stops Ramses Agaton in Eight Rounds in Montreal WBO Prez To Canelo Critics: Why Did Golovkin Reject Andre Ward! Terence Crawford Seeks Foe For 12/10, Antonio Orozco Next? Chavez Sr. Expects His Son To Return Stronger, Better Than Ever Jessie Magdaleno, Oscar Valdez Discuss Their PPV Fights Golovkin, Sanchez Frown at Golden Boy's Offer To Face Canelo Charlo-Williams, Cuellar-Mares, Promoted By Schaefer, on Dec. 10 Photos: LaRon Mitchell, Scott Alexander Ready For Battle Photos: Valdez, Magdaleno Putting in Work For PPV Fights Golovkin's Promoter Willing To Make Concessions To Get Canelo David Price: If I Land Joshua, I'm Going in There To Do Damage WBO Prez: No Doubt Canelo Knocks Mayweather Out in Rematch! Orlando Salido's Adviser Provides Update on Back Injury Abel Sanchez Has High Expectations For Alex Saucedo Photos: Gennady Golovkin is a Big Hit in Mexico City Parker-Ruiz Approved For WBO Belt, Winner Must Face David Haye

Latest Active Forum Threads