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I agree. I remember when this all went down, it was at the peak of the"cold war" n Arum wasn't working with anyone.Donaire vs mares at 1222 was collateral damage as a result and a huge miss by TRI think Oscar did it to himself! Read Bernard Hopkins' view of the situation:
June 3, 2014:
"Nevertheless Rick, I think whatever Richard will do he will be successful. He can not be replaced...of that magnitude. I know there are a lot of smart people out there, but there are very few honest people out there. And I've been through enough people in the game of boxing, in the business of boxing. And I'm not saying this off the record, I'm saying this on the record - he held up everything he suggested, promised and delivered for Bernard Hopkins."
"I'm going to tell you that Richard Schaefer's presence is going to be felt sooner than later and I guarantee you that. And what I mean when I say his presence, its running the company the way it was ran. Case in point, beyond July there are no fights scheduled. When you have you seen that [with Golden Boy] since you've been covering boxing? Is this the first of the domino effect? I think that's the question that everyone is asking and waiting for everything to play out."
During his CEO run, Schaefer handled the majority of the business decisions. He secured numerous television deals, put together record-breaking events, secured lucrative venue deals and brought in a lot of revenue from major sponsors. De La Hoya, who spent years battling his addictions to drugs, sex and alcohol, was seen by most as nothing more than a figurehead for the company.
"At the end of the day, you become a figurehead when you war not physically active in the business, which means the office...the day by day negotiations, signing fighters, making fights, dealing with the ups and downs, dealing with the shenanigans, the rumors...all things that come with being on the frontline as the CEO, who has to manage the operation. Everyone knows, everyone knows, it's no secret. Oscar would have to be honest on who ran the company. Oscar would admit that he had some ups and downs, more downs that affected him from being in the office, but that's not Richard's fault," Hopkins said.
"And that's where Richard's credibility comes in, because he didn't keep the company just afloat, he kept it on top and there's a difference. Again, it's going to be very hard for anybody to say that Richard Schaefer, from the day he began with the company until the day he announced his exit, was not one of the key promoters of our time. That's going to be hard for anyone to discredit him for that..."
"One thing that is no secret, people are now convinced that I'm no fool. And if they think I'm a fool then they're a bigger fool. The decisions that I've made, the good outweigh the bad with the decisions that I've made in life and that I've made in my career. I've got the utmost respect for Richard and Al Haymon. I've known Al Haymon since the Vernon Forrest days. I've known Al Haymon before he even got into boxing or the boxing scene. I'm not a betting man, but I would bet that Vernon was his first project in boxing. And me and the later Vernon Forrest were very close, That's how far we go back. And even on the other side, when Al represented Jermain Taylor. I'm going to have my team and I....I called yesterday to have a meeting for this week right before the Hall of Fame in Canastota, New York."
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We might never know the truth of how the Al Haymon/Richard Schaeffer coup against Golden Boy went down, since they made Oscar sign a non-disclosure agreement when their lawsuit was settled.
That's how bankers and Wall Streeters roll. They want their dirt to be kept in the dark so that they can do it again to someone else.
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Im sure u understand. Haymon as an advisor n with PBC. In theory, works with different promoters to stage events. That's still a rather new model structure. And to respond to the"not working with promoters"that's technically a network issue, and that's sport wide and has existed for years. These exclusive network deals prevent fights. This sounds like exactly what Haymon exploitedComment
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Glad Badou is finding a way to make paper in the sport still. He was one of my favorite in the lat decade. Can back from a devastating KO loss, foughtght everyone and beat the best of his time.Comment
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