Advertisement
Advertisement

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 BoxingScene.com.

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 get.one 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 Anthony Joshua-David Price Ruled Out For The Fall By Hearn James Kirkland Arrested Over Child Support Beef Photos: Anthony Crolla, Jorge Linares Go Face To Face Photos: Glowacki, Usyk - Go Face To Face at Open Workouts Jessie Vargas: "On November 5th I Will Shut The Critics Up!" Daniel Jacobs: Brook Just Too Small To Survive Against Golovkin Golovkin Laughs at Froch, Eubank: Those Clowns Won't Fight Me! J'Leon Love Will Face Dashon Johnson on September 16 Marlon Tapales vs. Paul Butler in The Works For The Fall De La Hoya: Canelo-Smith Will Have Up To 60,000 Fans at Venue! Frampton: The UK Has 14 World Champions - Not All Are Legit! Gerard Carroll To Fight Twice In Eight Days De La Hoya: Canelo-Golovkin Won't Take 6 Years, But Not Now Daniel Geale vs. Renold Quinlan, Vacant IBO 168 Belt on 10/14 Tom Brown Reflects on The Lost Art of Building a Fighter Amir Khan Plans To Fight in January, May and December Caleb Plant Dominates De Angel in PBC on FS1 Main Event Jhonny Gonzalez vs. Hirotsugu Yamamoto Card Coming Together Canelo-Smith on Pace To Outdo Pacquiao, Says Golden Boy VP Video: Abel Sanchez on Brook, Andre Ward, 160 Landscape Video: Loeffler Talks Brook-Golovkin, Jacobs, Carl Froch, More Video: Gennady Golovkin Talks Kell Brook, Unification, More Video: Roman Gonzalez Talks Cuadras Clash, Training Camp LaRon Mitchell Expects Tough Fight With Mario Heredia Luis Ortiz Brushes Off Golden Boy Split, Vows To Batter Ustinov Video: Gennady Golovkin Putting in Work For Kell Brook Fight Gervonta Davis, Floyd Mayweather at Odds, Sosa Bout in Doubt? Errol Spence Over The Moon With MONSTER Rating of 6 Million Liam Smith Warns: I'm Coming in There To Knock Canelo Out! Orlando Salido vs. Takashi Miura Showdown in The Works Eddie Ramirez-Kevin Watts Top FS1 on PBC, September 13 Luis Ortiz, Golden Boy Promotions Officially Part Ways Lemieux vs. Stevens Still Being Worked on, Says Golden Boy VP Jessie Vargas Reflects on The Kell Brook Fight Falling Out Saunders Trashes Eubank Jr. and His Father: Stop Talking Sh*t! Kell Brook: I'm Not Done With 147, I'd Fight Errol Spence! Del Valle Vows To Take The Fight To De La Hoya on Canelo-Smith Luke Campbell vs. Derry Mathews Set For October 15 Margarito Still Aiming For Canelo, Major Opponent in The Fall Kovalev's Coach: Ward's Lack of Power Will Be Biggest Drawback
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement