Advertisement
Advertisement

Schaefer Says Making a Deal With Top Rank is Impossible

By Rick Reeno

Golden Boy Promotions CEO Richard Schaefer told BoxingScene.com that he wasn't surprised when his offer of $3 million dollars, for a super bantamweight unification between Abner Mares (25-0, 13KOs) and Nonito Donaire (31-1, 20KOs), was rejected by Top Rank.

On January 25th, Golden Boy issued a contract to Top Rank - offering $3 million dollars for the services of Donaire. Golden Boy issued the contract to Top Rank's legal counsel David Moroso, a senior attorney with the Los Angeles-based O'Melveny and Myers.

Top Rank's CEO, Bob Arum, recently told BoxingScene's Chris Robinson that Golden Boy's offer was not legitimate, and there were issues with the language of the contract and he doesn't believe there was a good faith effort from Golden Boy in trying to make that fight.

“It wasn’t a real offer,” Arum insisted. “It’s not an offer; it’s not a contract where a promoter can call it off 15 days before a fight and without any liability. What kind of contract is that?”

Schaefer exploded on the topic - stating that Top Rank never issued a counter-offer or any form of written response to his $3 million dollar proposal. He says Golden Boy was willing to discuss any issues with the contract, the date, or other sticking points - but there was no response from the other side.

"They are full of sh*t. I think people by now know that, they are full of sh*t. If it's not this excuse it's another excuse.....they said they don't have it in writing and then when they have it in writing it's not the right legal language. If its the right legal language then its because they have relationships with HBO. And if it isn't something with an HBO relationship and the fight is going to be on HBO - then its some other bullsh*t. It's impossible. I know, because I'm reading some of comments from fight fans, that they are sick and tired of this guy Arum, the marinater," Schaefer told BoxingScene.com.

Arum also brought up Golden Boy's obligation to Showtime, and other companies. Those obligations, says Arum, makes it nearly impossible to make fights between their two stables.

“It’s more complicated than you think,” Arum explained. “Because, obviously, we work with every other promoter. And the problem is that they’re tied to one network (Showtime) and we and Donaire have loyalty to another (HBO) because that network enabled him to become fighter of the year.

“You understand that [Schaefer] has contractual ties to various companies and we have contractual ties to other companies. That makes it impossible very often to arrange a match. Because I’m not going to get sued and neither is he.”

Schaefer disagrees. He says there are no contracts, at least on Golden Boy's end, to prevent his company from making fights with Top Rank. In fact, Schaefer says contrary to the statements made by Arum and Top Rank's President Todd duBoef, Golden Boy was never focused on bringing Donaire-Mares to Showtime. He says Golden Boy was obviously looking for the best network deal possible, but there was nothing that prevented Donaire-Mares from being picked up by HBO and there was written communication to confirm that.

"I have no contract with anybody. I only have one contract, with Amir Khan, who has a multi-fight deal with Showtime. There are no other contracts whatsoever. Maybe [Arum] is speaking for himself but we certainly have no contracts," Schaefer said.

"As it relates to that failed Mares-Donaire situation, I sent an email to HBO encouraging them to push for this fight and [told them that] I would be happy to sit down with them, if in fact that fight happens, to see if they're interested. I don't know what [Top Rank] is talking about."

User Comments and Feedback (Register For Free To Comment) Comment by RumirNemo on 02-10-2013

CEO Richard Schaefer is an SOB who seems to say bullsh*t on things that he himself does not know... it seems to me that the bulls here actually is Richard Schaefer... WHY DID I SAID THAT???... for the obvious reasons…

Comment by toners3 on 02-10-2013

I see Schaefer and Golden Boy being more of ah honest and transparent promoter. After all the drama and dust usually settles, it's usually "Bottom" Rank that I can tell was pulling strings and playing politics. After all, Arum is…

Comment by Reloaded on 02-10-2013

[QUOTE=ShoulderRoll;13018165]It's been confirmed that Golden Boy did indeed send the contract over to Top Rank. And it's on the record that Arum then brought up non-existent HBO/SHOWTIME issues. There's no "he said/she said" about that.[/QUOTE] They sooner just take the…

Comment by ShoulderRoll on 02-10-2013

It's been confirmed that Golden Boy did indeed send the contract over to Top Rank. And it's on the record that Arum then brought up non-existent HBO/SHOWTIME issues. There's no "he said/she said" about that.

Comment by Weebler I on 02-10-2013

[QUOTE=ShoulderRoll;13018071]It's pretty clear who was in the wrong on this one. Abner Mares pleaded for the fight and Golden Boy made an effort to get it for him.[/QUOTE] There's nothing clear about it. It's "he said, she said" b/s, and…

Post a Comment - View More User Comments (56)
Top Headlines Cuadras: Chocolatito Has an Appointment With a Knockout Photos: Christian Gonzalez, Edgar Valerio, Nava Open Workouts Photos: Danny Roman, LaRon Mitchell Ready For 'New Blood' Photos: Guerrero vs. Peralta, Angulo vs. Hernandez Face To Face Roberto Duran's 'No Mas' Trunks Hit The Auction Block Photos: Tishchenko Honored For Gold Medal By Vladimir Putin Fox Sports 1 Pleased With Latest Ratings Figure For PBC Show Guy Robb Vows To Control Pace and Outbox Miguel Marriaga Michael Conlan Has NO FEAR of AIBA's Threats of Action Jose Benavidez's Father Gives Details, Update on Son's Shooting Tomasz Adamek Ponders a Final Ring Return For 2017 Canelo: A Shame Mexicans Criticize Their Athletes So Much! Nietes vs. Sosa: Mark Magsayo To Face Garcia on The Undercard David Price, Anthony Ogogo To Feature on Braehmer-Cleverly Canelo Expects Liam Smith To Bring The Fight To Him Ricky Burns To Face Mandatory Kiryl Relikh On Return Jose Benavidez Jr. Shot in Arizona, Taken To The Hospital Bryant Perrella-Yordenis Ugas on September 27, PBC on FS1 Giovanni De Carolis-Tyron Zeuge Rematch on November 5th Golovkin's Coach: Ward Beats Everyone at 175 - Except Kovalev! Vargas is Open To Facing Crawford After Stunning Pacquiao Sam Maxwell Turns Over, Joins MGM: Will Debut In October Golovkin Warns Saunders: My Goal is The WBO Belt, I Want it Next Anthony Crolla: I'll Have Jorge Linares Rematch in Las Vegas Williams-Patterson, Eubank Jr-Langford Confirmed For October 22 In Cardiff Derry Mathews Confident: I'll Dig Deep With Luke Campbell! Upton Brothers Leave Ricky Hatton Over "Turbulent Private Life" Dillian Whyte, Dereck Chisora Could Collide in December Smith Backs Froch: Kovalev is Best Pound For Pound Fighter! Amir Khan Says Land For Boxing Academy is Now in Dispute Team USA: Olympic Postmortem De La Hoya on Canelo-GGG: We Can't Afford To Wait Beyond 2017 Chocolatito: Cuadras Talks A lot, But I'll Prove it in The Ring! Golovkin: No Big Fights at 168, I Make 160 Easy - I'm Not Big 160 Juanma: Business Opportunity Made Me Return, Not Vazquez Morrison, Golub, Baranchyk, Peterkin Head To 9/23 ShoBox Robert Guerrero: I'm Ready For a World Title Shot Right Now! Photos: Gennady Golovkin, Roman Gonzalez Big Bear Media Day Saunders Still a Possibility for Canelo, Golden Boy Focused on Smith Jon Fernandez, Jose Roman Ink Pacts With Lou DiBella
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement