Now we've all heard the rumors of there being turmoil over at goldenboy. And last night on steve Kim's twitter feed there was a tweet saying it wasn't a matter of "if" oscar and Richard were breaking apart but in fact when. I was wondering if anybody on the scene has heard any new info on this matter and if there indeed is a break up. How do you see it playing out. Do you think Haymon and Richard would start there own company? Would Oscar take canelo and abner mares to hbo? And what exactly do you think is causing all the problems between the banker and de la hoya? This is a potential power move that could shake up our sport even more. So let's discuss
all i've heard are just hear say. i think dela hoya wants to honestly reconnect with hbo and arum. now the problem is that GBP is the main source of talent for showtime. without it, the show would just collapse. probably the executives at showtime are the ones urging shcaeffer not to deffer and block off any attempts to showcase any talent at hbo but dela hoya has other plans.
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This started back in like 2008. Someone at GBP got greedy and started a spending spree on signing fighters. They then tried to corner HBO and for quite a while, had an exclusive contract where they could basically pick all the dates they wanted, and shutting Top Rank and other promoters out for a few thin pickin dates.
Arum in return threatened to take his stable and pacquiao to Showtime and then HBO let their leash out with Golden boy and gave TopRank an equal amount of dates. Things were OK for a while and then GBP then tried to corner HBO again by threatening to sign Canelo on showtime trying to arm twist HBO over Dates Top Rank already had signed. It caused enough bad blood that HBO finally said enough is enough.
If you look back, GBP became greedy and aggressive with everyone they worked with in an attempt to drive Top Rank (and others) out of business. They kept spending while Arum just started running more lean. Arum is still signing young fighters while the meat of GBP's stable is getting older. It will get interesting over the next couple years, regardless if Oscar takes control back or not.
Schaefer/Haymon are of the Mayweather mentality that money grow on network trees. They probably even think that HBO was cheating them and not declaring real PPV numbers. (Just to think that Berto was getting $1 million per fight fighting bums.) Now team Haymon/Schaefer are in for a huge awakening at Showtime, where pockets are not that deep.
A lot comes down to AEG, they control most of the venues where GBP holds fights and the guy that owns that company is worth more than Oscar, Schaeffer, Haymon, Floyd and Arum (just throwing him in for good measure) combined.
I don't think that is a fight Schaeffer wants to start, and he is invested in GBP so Schaeffer making a play that hurts that investment is suspect because he is smart enough to know that is a bad idea. Unless.......
If push comes to shove and AEG is backing Schaeffer's play Oscar probably gets bought out because it is much simpler, the same being true for the reverse but I would imagine either way they would have some kind of non-compete.
I honestly don't care if they break up or not...
IMO it's much ado about nothing
It will be fun to watch the drama unfold as everything unravels, but I watch boxing for the fights and fighters and not promoters
Its only a matter of time GBP breaks up and it'll be because SHO is losing money putting on these garbage ass fights. The same thing happened at HBO when they were give guys like Berto million+ paydays for fighting bums.
And Al Haymon ain't gonna become a promoter. He legally can't, its against the Ali Act for the same person to be a manager and a promoter.
This started back in like 2008. Someone at GBP got greedy and started a spending spree on signing fighters. They then tried to corner HBO and for quite a while, had an exclusive contract where they could basically pick all the dates they wanted, and shutting Top Rank and other promoters out for a few thin pickin dates.
Arum in return threatened to take his stable and pacquiao to Showtime and then HBO let their leash out with Golden boy and gave TopRank an equal amount of dates. Things were OK for a while and then GBP then tried to corner HBO again by threatening to sign Canelo on showtime trying to arm twist HBO over Dates Top Rank already had signed. It caused enough bad blood that HBO finally said enough is enough.
If you look back, GBP became greedy and aggressive with everyone they worked with in an attempt to drive Top Rank (and others) out of business. They kept spending while Arum just started running more lean. Arum is still signing young fighters while the meat of GBP's stable is getting older. It will get interesting over the next couple years, regardless if Oscar takes control back or not.
The only ones who profit are Mayweather and the networks. Golden Boy is going to be defunct, Richard is ready to jump ship and leave oscar in the red. Arum even warned about this years ago saying they overpaid Floyd. Floyd said hey if these guys are willing to pay me this much ill just keep asking for more.
Floyd is definitely overpayed.
This wouldn't be so surprising. I remember reading an article after Floyd-Canelo where Schaefer was inferring GBP may not make money on the fight until years down the line.
Surmising and reading between the lines it could be that Schaefer may have a long-term strategy for GBP while Oscar is alarmed at the lack of profit (or even loss) in the short-term.
lol Oscar v Canelo coming to a screen near you.
It is just just Oscar, there are other investors wondering when they are going to get a return.
Richard controlling Oscar is pretty much well known, I wouldn't say he is controlling him like a slave, but he is the one Oscar obeys pretty much.
Oscar is willing to end the old war, he has gone on record already, Oscar nad Arum don't hate each other at all. Arum talks **** oscar talks ****, they fight and they make up, they did it before. the main problem is Richard and Haymon and Mayweather, Mayweather is a puppet as well, every time he sees Arum he smiles and hugs him does that seem like a guy who hates another guy? Its like Floyd is being told what to say and do by someone.
Oscar wants to end the cold war because a golden boy split is just a matter of time, and he will need to partner up with someone. That is if there is even anything left for him, which I doubt there will be.
IMO haymon has been planning this for a long time. It all makes sense why he had all his fighters on short contracts. Essentially it makes there contracts with GBP worthless, and in many ways, makes the company worthless, which will make it very easy to pull his fighters when he decides to split.
Haymon is a smooth dude. He essentially has changed the way the entire sport functions, so that it benefits him, and now he will get rid of GBP after milking them for all there worth, and start his own promotional company.
"Oscar also wants to end the cold war, he never hated Arum, he was being told what to say and do by Richard. Richard controls Oscar pretty much and pretends to be like a big brother to him."
where do you get that?
oscar and arum has been at each others throats since oscar got a royal screwing by arum. and to think richard controls oscar is ludacris.
Richard controlling Oscar is pretty much well known, I wouldn't say he is controlling him like a slave, but he is the one Oscar obeys pretty much.
Oscar is willing to end the old war, he has gone on record already, Oscar nad Arum don't hate each other at all. Arum talks **** oscar talks ****, they fight and they make up, they did it before. the main problem is Richard and Haymon and Mayweather, Mayweather is a puppet as well, every time he sees Arum he smiles and hugs him does that seem like a guy who hates another guy? Its like Floyd is being told what to say and do by someone.
They're still amateurs compared to Arum. It's not hard to organize fights. Even wedding planners can do it as long as it's raining with dollars. Question is, do they make more than they spend, or the reverse?
I worked in the business and it's an incredible amount of work to put together an event.
Fans really don't have a clue how much bs is involved in putting together a show. You can everything perfectly and a million things will still go wrong.
I wonder what or who's causing GBP zero profits?
They're still amateurs compared to Arum. It's not hard to organize fights. Even wedding planners can do it especially when it's raining with dollars. Question is, do they make more than they spend, or the reverse?
What's interesting (and confusing) is Glaser's tweet says GBP have never turned a profit "ever".
@RickGlaser1
The investors see all these fights,& yearly GBP has never turned a profit, ever! That is the root of the problem.
That wouldnt be surprising.
Take a guy like Amir Kahn for example. He had insane star potential being an Olympian, from England, and Muslim, and an exciting style. Golden boy paid a lot for him. He got a fat bonus along with a million $ guarantee per fight.
They paid for potential. So whatever, if anything, golden boy made on him per fight, that was money they already spent. Technically wouldn't be considered profit. And considering he didn't reach that potential, it's probably an all around loss.
This business is a constant fight trying to set yourself up to make $ in the future.
Canelo will probably be the first big $ fighter that has worked out for GBP. Think about that, after all these years, they really havnt had any fighters or big time ppv guys. And certainly no young fighters.
I don't think there broke but I don't think they have cash either.
What they have is fighter contracts, show dates, future ppv potential, deals with venues.
But cash, I doubt they have much of that. People really don't realize the ridiculous costs that goes into being a promoter.
They also took a lot of loses early on, and still do, and IMO haymon probably sounded like a great person to link up with, but the relationship benefits haymon and his fighters more than golden boy.
What's interesting (and confusing) is Glaser's tweet says GBP have never turned a profit "ever".
@RickGlaser1
The investors see all these fights,& yearly GBP has never turned a profit, ever! That is the root of the problem.
Smh where do u get this idea GBP is broke from?
I don't think there broke but I don't think they have cash either.
What they have is fighter contracts, show dates, future ppv potential, deals with venues.
But cash, I doubt they have much of that. People really don't realize the ridiculous costs that goes into being a promoter.
They also took a lot of loses early on, and still do, and IMO haymon probably sounded like a great person to link up with, but the relationship benefits haymon and his fighters more than golden boy.
No. Schaefer can only focus on short term basis, which is survival. GBP is broke. They need something big like Canelo vs Cotto. They don't make any profit in Mayweather fights. Schaefer only show up as a prop and represent the mysterious Haymon.
Smh where do u get this idea GBP is broke from?
This wouldn't be so surprising. I remember reading an article after Floyd-Canelo where Schaefer was inferring GBP may not make money on the fight until years down the line.
Surmising and reading between the lines it could be that Schaefer may have a long-term strategy for GBP while Oscar is alarmed at the lack of profit (or even loss) in the short-term.
No. Schaefer can only focus on short term basis, which is survival. GBP is broke. They need something big like Canelo vs Cotto. They don't make any profit in Mayweather fights. Schaefer only show up as a prop and represent the mysterious Haymon.
Shaefer has become an overbearing loudmouth over the last couple of years. Energetically that isn't what you want to be, regardless of position or vocation. Life has a way of dealing with that. Curious to see how this situation develops.
Rick Glaser, the guy who I think originally broke the hoya/schaefe rumor, is claiming GBP has never turned a profit, and that's the main problem.
@alex_z28 Alex, incorrect, the investors see all these fights,& yearly GBP has never turned a profit, ever! That is the root of the problem.— Rick Glaser (@RickGlaser1) March 14, 2014
This wouldn't be so surprising. I remember reading an article after Floyd-Canelo where Schaefer was inferring GBP may not make money on the fight until years down the line.
Surmising and reading between the lines it could be that Schaefer may have a long-term strategy for GBP while Oscar is alarmed at the lack of profit (or even loss) in the short-term.
Looks like Arum is right. They overpaid the fighters. GBP is in deep red ink. Personally I think Oscar is broke and will be fighting soon......
lol Oscar v Canelo coming to a screen near you.