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Schaefer Says Business as Usual, Denies GBP Extension

By Rick Reeno

Speaking with BoxingScene.com, Golden Boy Promotions CEO Richard Schaefer denied a recent story which claimed that he signed a contract extension with Golden Boy Promotions until 2018. In the article, Golden Boy President Oscar De La Hoya told the Los Angeles Times that Schaefer had extended his contract with Golden Boy until 2018. De La Hoya also discussed the possibility of doing business with Bob Arum of Top Rank.

While Schaefer would not reveal the length, or the terms, of his contract with Golden Boy, he had "no idea" what De La Hoya was talking about as it relates to signing a contract extension.

For several weeks, there have been rumors of a internal rift between De La Hoya and Schaefer. Both men claim the situation has been greatly exaggerated.

"I'm not going to discuss my current contractual relationship with Golden Boy, but I am not aware of signing a contract extension recently, so I have no idea what Oscar is talking about, you would have to ask him [regarding what he's talking about]. I'm the CEO of the company and I'm working very hard, I'm doing my job and I'm making fights. You saw me at Floyd's workout earlier today. It's almost 9pm and I'm still working. I know that Oscar, as part of his recovery, is making friends with Arum and I support him if that's what he wants to do. But I have no interest in working with Arum. I've been led down that road many times and I don't want to do it again," Schaefer told BoxingScene.com.

User Comments and Feedback (Register For Free To Comment) Comment by BoxingIsGreat on 04-24-2014

Anything that f.u.cks up with Arum is fine with me.

Comment by lfc19titles on 04-24-2014

Richard needs to die

Comment by champion4ever on 04-24-2014

[QUOTE=arraamis;14457599]Tru that .... It kinda gives some credit to the rumors about Richard & Al Haymon teaming up.[/QUOTE]I couldn't have agreed with you more. This budding relationship between Schaefer and Haymon would be very troubling to say the least if…

Comment by racer59 on 04-24-2014

If I recall correctly, there was a quote from Schaefer somewhere on this site, the week after the May / Canelo fight, in which he clearly states that while the revenues were thru the roof, GBP didnt stand to make…

Comment by sdcluser on 04-24-2014

[QUOTE=arraamis;14461255]It would seem that you're one of those who won't believe your lying eyes even when some relevant documentation is presented :dunce: Or did you even take a moment to fockin learn something by reading the damn article!!! Some of…

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