De La Hoya Not Worried Over Schaefer/Mayweather Pact

By Edward Chaykovsky

Golden Boy Promotions President Oscar De La Hoya has both feet firmly planted in his company and he's rebuilding the Golden Boy brand at a rapid pace. In the last few months, there have many changes within Golden Boy. Several employees have either left or were terminated from the company.

The biggest departure came in June, when CEO Richard Schaefer resigned from his post. It was rumored that Schaefer would be joining Mayweather Promotions. Recently, Floyd Mayweather Jr. further fueled those rumors by voicing his displeasure with current CEO, Leonard Ellerbe.

A few weeks after Schaefer left, De La Hoya dragged him into arbitration for unspecified claims. Reportedly the damages being claimed are in the realm of $50 million dollars, and De La Hoya claims to have a solid contract which binds Schaefer to Golden Boy until 2018. But De La Hoya is willing to work things out.

"Look, he resigned on me several months back. I have a binding contract that runs until 2018. So there's a little dispute but things can be worked out. I'm not going to keep anyone from making a living, but at the same time, I'm going to protect what I believe is right," De La Hoya told USA Today Sports.

If something does get worked out, De La Hoya is not concerned with the possibility of Schaefer coming on board with Mayweather's company.

"My sole focus is on Golden Boy Promotions and the fans. As long as we can focus on our business, it doesn't matter what Bob Arum is doing, or Don King is doing, or what Mayweather Promotions is doing. As long as we make the fights that fans want to see, we're going to be OK. My business philosophy is to focus on the work at hand and don't worry about anyone else. I wish them all the best – whoever wants to make the best fights. Just make sure you put the fans first. That's the most important thing," De La Hoya said.