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De La Hoya on Moving Forward With Floyd Mayweather

By Rick Reeno

MGM Grand, Las Vegas - Last month, the working relationship between Floyd Mayweather Jr. and Golden Boy Promotions appeared to be in jeopardy. When Golden Boy CEO Richard Schaefer left the company, Mayweather appeared to cut his business ties, by way of a statement from Mayweather Promotions CEO Leonard Ellerbe, with Golden Boy - who co-promoted Mayweather's fights since 2007.

During a media interview in May, Floyd stated that Schaefer's potential departure would signal the end of his working relationship with Golden Boy. The two were close friends and it was hard for him to imagine working with the company without Schaefer being involved. 

After Schaefer departed, Golden Boy President Oscar De La Hoya took charge of the company. Over the years, the relationship between Mayweather and De La Hoya has been very rocky at times.

But cooler heads have prevailed, as Golden Boy and Mayweather will once again come together to co-promote the September 13th Showtime Pay-Per-View from the MGM Grand. Mayweather Jr. (46-0, 26KOs) unified the WBC/WBA welterweight titles with a twelve round majority decision over Maidana (35-4, 31KOs) the first time around on May 3rd. They will do it once again in September.

"This is business. What Grolden Boy brings to the table as a business partner is very valuable, at the same time what Mayweather brings to the table is very valuable. Getting Mayweather with Golden Boy Promotions is a powerhouse. We will do whatever we can to make this event a success," De La Hoya said.

"You don't have to [be best friends to do business]. Over the years, promotions, rumors get in the way and we didn't have time to investigate what I said or what he said or what was it really true. It's all rumors."

"Its a matter of talking, understanding what's at stake. Golden Boy Promotions brings a lot to the table. We have a terrific team in place, we know and we've been a part of the biggest fights in boxing history. [We worked it out] with his team. It was a combination of me and Eric [Gomez]. Being part of the Floyd business today is very important to us."

"We don't have to be best friends but we don't have to be enemies, we don't have to be rivals. What happened in the past was misunderstandings over what he said and what I said. We never sat down and had a chance to discuss [things]. I don't think he's a bad guy, I really don't."

User Comments and Feedback (Register For Free To Comment) Comment by I Hate Thugs! on 07-12-2014

[QUOTE=dc3383;14748640]Floyd net worth is at 280 million while Oscars is at 200 million so try again.[/QUOTE] Source?????

Comment by dc3383 on 07-12-2014

[QUOTE=A-Wolf;14748593]"His own boss" had to do business with De La Hoya again. Floyd is rich. Oscar is wealthy. :lol1:[/QUOTE] Floyd net worth is at 280 million while Oscars is at 200 million so try again.

Comment by A-Wolf on 07-12-2014

"His own boss" had to do business with De La Hoya again. Floyd is rich. Oscar is wealthy. :lol1:

Comment by SamuraiSam on 07-12-2014

[QUOTE=whirlout;14745195]Some of you are just dumb that it is beyond belief the sort of stupid comments I read on here. Oscar and Arum only discussed the possibilities of working together only a couple of months ago. Plans hasn't been put…

Comment by RisAri0 on 07-11-2014

Mayweather promotions is just as lucrative as Winky Promotions.

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