Golden Boy Purchases Ring Magazine and Others

[Steak]

http://sports.espn.go.com/sports/box...dan&id=3019164


damn...

thats a good article. I hope everything is as good as theyre saying...

Terms of the deal were not disclosed, but Golden Boy CEO Richard Schaefer told ESPN.com that the acquisition cost "seven figures -- it wasn't eight figures."

thats crazy...does that mean that they bought the RING magazine for less than 10 million!!?
De La Hoya may have just saved RING magazine if they were that financially down
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[Mr. Ryan]

yeah i'm with you on that bro. As much of a nice guy as oscar is, ring should totally remain independent of any fighters finances.

I really think it needs the money. Ring is a great magazine and essential to the sport's survival, but in truth they probably lose more money than they earn. Maybe Oscar's deep pockets can do something positive on a superficial level, but in the end I have to say that the sport's leading media outlet shouldn't be controlled by a promoter.