Schaefer gives Hoya the finger

Well, just about. "That's OK, they can play those games. But what I'm doing, I'm running Golden Boy, and I think I'm doing a pretty good job, having built it into the leading boxing promotion company in the world. Last year was an all-time record year, and it did not involve Bob Arum or HBO. I'm proud of what I'm doing and I want to continue doing it." ... "Last I checked, I was CEO," Schaefer said. "Unless Oscar wants to change that. I've been running Golden Boy since the beginning. If he wants to change that, since he's the majority shareholder, and decides he wants to fire me, I can't stop that." ... As for De La Hoya's push, Schaefer said, "I'm the CEO. What's higher, the CEO or the president? He's the president. It says in my contract I'm the CEO and I run the business. http://www.latimes.com/sports/sportsnow/la-sp-sn-richard-schaefer-bob-arum-20140424,0,1419916.story?page=2#ixzz2zpp53h4N http://www.latimes.com/sports/sportsnow/la-sp-sn-richard-schaefer-bob-arum-20140424,0,1419916.story?page=2#ixzz2zpiFgocb

Comments (20)

Cuauhtmoc1520

Just read he entire article. I agree with everything he said. And, as good as it would be to end the war, Arum needs to get his act together, him and Oscar both flip flop on their emotions.. Richard usually stays consistent. I hear you but don't you like the fact that Oscar is becoming more understanding and turning into a better person? You know fans love to criticize him for his affairs and not wanting to deal with Arum and now he wants to and still gets killed for it. I would love nothing more than to see TR and GB come together and promote some fights. Canelo vs Pac would be incredible, Pac vs Mayweather, I mean there's so many good fights to be had and we need to get back to that. The fact Shaeffer is doing this in public, shows me there's a definite rift between him and Oscar. You keep things behind closed doors, you don't challenge the president of the company in public. Bad move.

12y ago

BoxingIsGreat

That's what Kathy Duva was saying. Mares is the only guy they built up, and where is he now? HBO/TR cook the cake and SHO/GBP eats it. Good. Cook for me and I eat it. Excellent arrangement! You don't like? Who is the smarter one?

12y ago

paulf

Also have to note that Arum was the one flat-out refusing to have anything to do with GBP back when he had Pacquiao, Doanire, Gamboa, Pavlik, Rios, Lopez, etc. riding high. Now that Arums stable has thinned a bit, and GBP has grown by leaps and bounds by teaming up with Showtimes and Haymon, it's only natural Richard would want to tell Arum to **** off.

12y ago

Evol

wasnt there a thread on here a few days ago and schaefer said there was no problems with him and oscar?

12y ago

BoxingIsGreat

With the exception of any Canelo PPV event, that is. He's the flagship fighter and something to build around, so maybe I was a bit harsh. If this happens, I would love to see Oscar reach out to DiBella and/or Goosen and offer them partnership and give either of them Schaefer's job. That is the only way we would have three big promotional companies. But I think we all know that is not going to happen. That's exactly what I thought from my first reading of this. Good post. Nevertheless, I am on Schaefer's side on this dispute. DLH is an ungrateful brick.

12y ago

FeFist

I don't think people realise how things work in the real world. De La Hoya firing Schaefer would be one of the stupidest things he could do. If Oscar had an active role in the company, it would be a viable option; however, as things stand, Schaefer is the one who has put in most of the work, which means Schaefer is the one with the connections. Their method of developing and finding talent would likely suffer. Favourable TV dates would be lost, and existing fighters ( Who are signed with Al Haymon) would more than likely leave as soon as their contract expires. In addition to all of that, I don't see how Schaefer is the villain in this situation. Arum is constantly trying to tarnish the image of GBP, so it stands to reason that they wouldn't do business with one another. It's like people can focus on the person who gives a direct answer, but overlook the man who stirs up the bad blood resulting in the unfavourable answer.

12y ago

paulf

Maybe haymon alittle sure. But to say they're responsible for it is retarded Haymon manages and promotes his own fighters, they're separate from other GBP fighters. He has to use a promoter like GBP or Dibella as a go-between because it's illegal in America to both manage and promote a fighter, so Haymon gets around this by officially serving as neither, instead calling himself an "adviser." But make no mistake; he's making the matchups, he's securing the purses, he's making the TV deals, he's got a big hand in choosing the undercard. He's in total control the way Don King was, expect it looks like he doesn't steal all of his fighter's money.

12y ago

paulf

12y ago

lfc19titles

What's with u morons blaming Floyd and haymon? They don't control gbp in any way Lmao, have you been living under a rock? Floyd's constant ducking and character assassination caused the war As I said, you be the simpleton or you can wake up, richard, Floyd and arum need to go for the good of boxing

12y ago

check_hook

And it has been said. Mark my words al haymon will make his promotions and give Richard a job. Haymon already stole all the fighters He won't offer him a job if their is a non compete, as legally Schafer can't take it. GBP would sue him (Schafer) and they would win.

12y ago

HanzGruber

http://gifrific.com/wp-content/uploads/2012/06/michael-jordan-laugh.gif If you think Floyd and Haymon don't indirectly making the decisions at GBP, I got an island in the middle of nowhere to sell you.. Maybe haymon alittle sure. But to say they're responsible for it is retarded

12y ago

Juof

And it has been said. Mark my words al haymon will make his promotions and give Richard a job. Haymon already stole all the fighters

12y ago

Oxn

Great stuff by Oscar here. Oscar's all about the fans! Im just looking at Lucas in the background looking like a badass

12y ago

check_hook

Standard non compete period generally two years. If Richard has signed one he won't be doing anything related to boxing promotion for that period.

12y ago

HanzGruber

Richard is looking for a way out here Good riddance too, hopefully arum and Floyd will be out soon too. These three are equally responsible for the war What's with u morons blaming Floyd and haymon? They don't control gbp in any way

12y ago

check_hook

To me it's a silly stance for GBP not to do business with HBO. However their stance on TR, well Bob bought that down on his own house. As for Oscar firing Schafer, he'd better be damn sure the non compete is iron clad, otherwise what's to stop Richard forming his own company stocked with Al Haymon fighters???

12y ago

lfc19titles

Richard is looking for a way out here Good riddance too, hopefully arum and Floyd will be out soon too. These three are equally responsible for the war

12y ago

IMDAZED

Again....according to Schafer. Folks. The investors don't give a fock if oscar or Dick are wearing fishnet or if they are focking each others wives or even hate each other. It's da benjamin. Investor is there to make $$$. The companies finance is opaque. If the investors are getting excellent return, they could care less if either Schaefer or Oscar are snortin coke, BOTTOMLINE: its da $$$$ Which part according to Schafer? It's a private company, you think shareholders don't know what's going on?

12y ago

sdcluser

I think it's more likely to be something other than those two scenarios. Lots of gray areas here. I doubt very much investors questioning the numbers means that they want the CEO out, it usually means they want to figure out what's wrong with the company's model and outlook. According to Schafer, the shareholders all have a say in what's done with profits. Of course every CEO says that but this is a private firm with few investors. A sacking of Schafer here would indicate much more issues than just financial problems. Again....according to Schafer. Folks. The investors don't give a fock if oscar or Dick are wearing fishnet or if they are focking each others wives or even hate each other. It's da benjamin. Investor is there to make $$$. The companies finance is opaque. If the investors are getting excellent return, they could care less if either Schaefer or Oscar are snortin coke, BOTTOMLINE: its da $$$$

12y ago

PureBoxingCEO

It's rare to hear that a president could fire a CEO

12y ago