By Rick Reeno
There appears to be no end in sight to the legal tussle between Golden Boy Promotions President Oscar De La Hoya and former company CEO Richard Schaefer.
Back in June, after months of internal friction, Schaefer announced that he was leaving Golden Boy after spending more than ten years with the company.
At the end of June, Golden Boy filed a reported $50 million dollar arbitration claim against Schaefer. To date, the actual claims against Schaefer have not been specified - due to confidentiality clauses with the arbitration proceedings.
While Schaefer contends that he's a free agent, De La Hoya is very firm on his position that Schaefer is bound to a no-compete clause - which De La Hoya says will expire in March of 2018.
The two sides were making progress in a speedy resolution, but hit a big roadblock in September.
De La Hoya says the legal ongoing situation has not changed and there is nothing to indicate that a resolution is coming anytime soon.
"At this point it doesn't look good, so we'll just have to see what happens," De La Hoya said.
Golden Boy continues to work, day to day, with powerful manager/adviser Al Haymon. Some of Haymon's biggest names are either directly signed by Golden Boy or being promoted on a fight by fight basis through their banner.
Haymon and Schaefer were, and still are, very close friends.
De La Hoya admits that at times it is difficult to work with Haymon, but things appear to be getting better.
"As a promoter its my obligation to look out for the fighters that I have signed with Golden Boy. That's my obligation, that's my job. It's been a little difficult but he's coming around. He's understanding that fans are tired. They want to see [big fights]. He's signing all of the fighters and eventually they have to fight each other, so why not now. He's been very open lately, so I'm very optimistic with 2015. I think we're going to see some really good fights," De La Hoya said.
At the moment, HBO is still very hesitant to have any business dealings with Haymon or any fighters contractually bound to Haymon. Because of that situation, De La Hoya has to be selective with the fighters being showcased on each network. In recent weeks, De La Hoya has booked televised HBO dates for Golden Boy fighters like Hugo Centeno, Mauricio Herrera and Sadam Ali - all of which are not represented by Haymon.
"It's all a bit confusing and frustrating. In not used to working like this but I know how to adapt. I'm going to do what's best for the fighter. The [good thing about] Golden Boy, is that we've opened the door to now work with Showtime and to work with HBO, so we have options," De La Hoya said.
"They [HBO] are a little hesitant in working with Al, but they have opened the door for Golden Boy. It's a matter of massaging [the situation] a bit. There's ways [to get things done if necessary]."


