Serious read! Why do people hate Richard Schaefer?

[King_]

I don't love him. I just see his point a view. He need to be in no rush to deal with enemies bc he doesn't have to. I respect his position that's all. Arum burned himself with Schaefer end of story. I'm not saying it's good for Schaefer I would be stepping on arum throat as well.

Enemies? Forget Arum. Schaefer doesn't even like working with nearly anybody who is NOT GBP....



.....when he does, it's showcase/hand picked, garbage opponents to make his showcased fighter look good. I.E Lukas "The Midget" Konecny (eerily similar to Gavin Rees)

I mean the man publically rejected Hopkins-Kovalev because (in his own words) Kovalev was not a big enough name in the United States (this is a mandatory fight mind you), only to proceed to fight Karo Murat (who has never even fought in the states. Lol)

He may be a good business man for his business. But he sucks for boxing and for any fan who cares about pure boxing. It is what it is. The man is trying to create a WWE out of boxing with his promotional company. How anyone could support that, and purely like boxing and not be a promotional company fanboy is beyond my knowledge.

[-Huey-]

Stopped reading at "Oscar got beat up by Tito"

[Russian Crushin]

He and Arum are exactly the same

[Cuban Linx]

He's very unlikable imo.

He always comes across as arrogant, dismissive and egotistical, particularly in his comments.

[krazyn8tive]

he's trying to create a monopoly with aluminati haymon...**** that guy. he won't do business with other promotional companies...it's all monopoly he is setting up.....

NEVER TRUST A BANKER......they are the one of the most if not the most corrupt type of individuals out there.....

Green k on the way

[hectari]

The OP is a Floyd boot shiner. So of course anyone related to Floyd or Floyd like he will like and praise as well. Typical Floyd fanboy bias.

Ill give Richard this he does stack the PPV cards for fans to enjoy, but casuals who make up the majority of ppv buyers only order fights for main events. Most people I know don't care about undercards in boxing ppvs they just wait for the main event.

The thing is Richard won't even work with HBO, Arum never blocked himself from working with Showtime, because once Espinoza got over to showtime they gave Arum the boot and ignored him. they made Showtime entirely golden boy network almost.

richard wants to make boxing like UFC, he said it in the past before he wants to follow that model of having all fighters under one banner. its why Haymon has been signing up fighters left and right.


Once Floyd retires lets see how good those ratings on Showtime and those new stars be built, the problem with Shaeffer is his entire business model on boxing revolves around Mayweather.

Lets see him build stars like Arum and HBO did.

Showtime boxing is going to go back to how it was before Floyd jumped ship. and you will see Richard and Haymon trying to get back good with HBO.

[Fetta]

I like him. Puts on great cards

[Ryn0]

Because he has figured out that the Arum model works, Schaefer is a savvy business man. He realises that by keeping everything in house he and in turn the company makes more money. He is willing to work with smaller promoters like Goosen, DiBella in order to increase exposure for his own fighters.

He is a fantastic businessman no doubt, I don't know where you get the idea he will start his own boxing company. The capital required for a start up like that would be absolutely huge and I don't see him putting up his own fortune on a venture like that. If Oscar fires him that's the only way I see him going, I also assume since he is clever he has the valuable Golden Boy fighters (and Al Haymon fighters) on long contracts meaning if he did leave they would be very costly to take to a new company.

If he did leave Golden Boy whats to say he wouldn't just go back into banking or venture capital or any other number of positions that pay better? There would be no shortage of offers as a former CEO of Golden Boy and CEO of UBS. CEO of a large bank would pay infinitely better than CEO of Golden Boy.

And also monopolies in boxing? They are an absolutely brilliant thing for the fans (not so much the fighters), UFC is a monopoly and they constantly force the best fights to happen and it doesn't matter if someone loses because its all in house. Don King was a horrible man, stole from fighters, underpaid them etc. But he also put on some of the best fights because it was all in house.

[The Tase]

european bankers are scum of the earth.

worse than new york bankers.

its no surprise schaeffer the snake is backstabbing oscar by being in cahoots with al haymon.

oscar might not be a smart guy but he's a good person deep down.

schaeffer is pure disloyal human scum.

[Ryn0]

european bankers are scum of the earth.

worse than new york bankers.

its no surprise schaeffer the snake is backstabbing oscar by being in cahoots with al haymon.

oscar might not be a smart guy but he's a good person deep down.

schaeffer is pure disloyal human scum.

It a crippling indictment on the US financial system that bankers are blamed when the US financial system allow leverage to that degree. If a systems is created with an inherent ability to shortcut through short selling and investment in risky ventures then isn't the system to blame?

Investment bankers are not untrustworthy, they try to capitalise on speculators and idiots that invest in the stock/forex market that do it because their friend managed to make some quick money. They in turn overvalue options trying to turn a quick profit, clever people arbitrage on undervalued options and steer clear of overvalued stocks because they know that eventually they will return to the market level.

Think of it this way, all (clever) investment bankers are trying to do is plug gaps in the market that normal people are too ****** to see. Its a well proved fact that American bankers have a propensity for aggressive investment compared to European bankers, leading to quick expansion and even quicker crumbling. The American banking system and then in turns american banks are the largest reason behind the recession.

Basel III and Dodd-Frank was put forth because of the behavior of American banks (and northern rock to an extent) and there disregard for capital requirements against assets. I don't understand where the idea of 'european bankers' are worse. As far as I can tell Schaefers job is to make the company profitable, which he has done, with record results. As a CEO he is doing an impeccable job.