Comments Thread For: De la Hoya Explains Falling Out, Tension With Schaefer

[Eff Pandas]

To date Schaefer has refused to give straight answers to his owners or fans when questioned about what was going on with fighter contracts that he was responsible for.

I'd assume Richard can't talk about it. Certain things are customary in these type of disputes. And usually taking about company business after you've been let go or quit is one of them. If Richard says the wrong thing he'd probably get sued or throw into arbitration again. Thats why Richard is probably keeping things real basic & cordial.

[about.thousands]

I'd assume Richard can't talk about it. Certain things are customary in these type of disputes. And usually taking about company business after you've been let go or quit is one of them. If Richard says the wrong thing he'd probably get sued or throw into arbitration again. Thats why Richard is probably keeping things real basic & cordial.

That's true to a certain extent. Schaefer nor Oscar can talk about the details of the settlement. In this case it's Oscar trying to get sympathy while Schaefer is taking the high road. In business it's always best to take the high road because you'll probably have to do business with them again. I had to learn that the hard way.

[OctoberRed]

I think Oscar is full of **** to an extent. Schaefer had NO CHOICE but to run the company because De La Hoya was out every other night boozing, doing drugs and hanging with hookers. If Schaefer didn't step up they would have been out of business years ago.

After Schaefer left, you heard no *****ing from Oscar about how the fighters were handled. He continued to work with Haymon for six months. When Oscar sued Schaefer, it was Schaefer he sued and NOT Al Haymon. After Schaefer left, Oscar was out there praising Haymon, calling him a friend and making those ridiculous comments in press releases on how fights like Garcia vs. Salka were great.

Oscar never went after Haymon until Haymon made a deal to walk away with is fighters. And if Golden Boy had no type of contractual hold on the fighters, why in the hell would Haymon pay him millions to walk away with them. I'll tell you why, because Golden Boy obviously had some form of fight options on them.

[ELPacman]

Oscar can still come back with a ****. He knows the business inside and out. Just needs to hire new talent on his team and he can thrive again. Just because 1 dude is gone, don't mean the end of the world.

[wlliam]

Something tells me that this wouldn't be the first time that a banker took advantage of someone's substance abuse to do some underhanded dealings.

It's farfetched but I wouldn't be surprised if Schaefer actually put Oscar in situations where he would be tempted by drug use and sex. What better way to keep his mind adled and to distract him from a posssible takeover of his company?

Thats how pimps keep their "employees" on a string..."you wanna get clean, baby? Heres a taste"

[bigdunny1]

If Richards vision for the company was not to sign fighter but instead promote fighters on a fight-by-fight basis I see nothing wrong with that.

That's bs. How does a ceo have a vision for the company but the majority owner does not know about that vision? That's like stealing someone wallet getting caught and saying I wasn't stealing I had a vision for that wallet you just didn't know about it yet. Lol

Before Oscar found out about the contracts months earlier Schaefer made a power play for the company trying to buy Oscar out. Oscar said no didnt sell got clean comes and looks into the contracts sees they are shady, questions Schaefer and get no straight answers. Schaefer not renewing contracts and sending fighters to sign strictly with haymon and not telling the owner is why he got sued.

[ogbox]

So easily fooled..

Richard has never lied? Are you serious he's a slimy swiss banker acused of attempting takeover of Oscars company. And he doesn't give his side because he has no logical answer for why contracts for fighters were not renewed and instead steered to the man he had questionable working relationship with. What is Oscars motivation for saying a friend he hired to run his business tried to steal from him? His story about what Schaefer did has been consistent from day one yet nobody including Schaefer can explain what he was doing with fighter contracts he was paid to over see? Clearly Oscar is telling the truth the fighters were not under contract.

Yes I am dead serious. Schaefers story has not changed either. You are correct Some of the fighters were not under contract. There is WAY more to this story than what you think. It is WAY more complicated and there are so many details that are being omitted. Schaefer did not steal if from him. Believe me he didn't need to. Richard is a brain and knows how to invest and only built Oscar when he was fighting and GBP. Schaefer had no choice but to step up and do the press conferences etc because Oscar was out doing what we all know what he was doing. Schaefer was happy being being the scenes until he was forced into the public eye. Funny how everyone is so quick to blame him but don't even know the story. No one knows the hours away from his family traveling and trying to negotiate on multiple deals meanwhile in trying to cover up the things Oscar needed him to to keep his golden boy image. Imagine trying to run the #1n boxing company in the world and having to keep stopping and cleaning up messes that could/ and did damage GBPs reputation? All the sponsors and deals that he created were lost. Where was the outrage then?

[bigdunny1]

I'd assume Richard can't talk about it. Certain things are customary in these type of disputes. And usually taking about company business after you've been let go or quit is one of them. If Richard says the wrong thing he'd probably get sued or throw into arbitration again. Thats why Richard is probably keeping things real basic & cordial.

I don't buy that because if it was in settlement aggreemnt then Oscar would also not be allowed to talk about it. Both sides are probably not allowed to talk about the financial aspect of the settlement but Schaefer not talking then or now is more about damage control then court ordered or afraid of being sued.

[100percentTruth]

Why exactly did Oscar need Schaefer to re-sign the fighters when he could have done it himself?

Oh right, he was busy wearing stockings and snorting coke.

[about.thousands]

That's bs. How does a ceo have a vision for the company but the majority owner does not know about that vision? That's like stealing someone wallet getting caught and saying I wasn't stealing I had a vision for that wallet you just didn't know about it yet. Lol

Before Oscar found out about the contracts months earlier Schaefer made a power play for the company trying to buy Oscar out. Oscar said no didnt sell got clean comes and looks into the contracts sees they are shady, questions Schaefer and get no straight answers. Schaefer not renewing contracts and sending fighters to sign strictly with haymon and not telling the owner is why he got sued.

Out of all that I wrote why do you choose to take that point out only that part? The reason it's acceptable is because without Schaefer there would be no GBP. If you read the rest of what I wrote you would see that GBP was Richard's vision, not Oscar. Oscar had no business structure when he tapped Schaefer to help him with financial dealings. GBP was created by Schaefer, that's a fact not my opinion. If he feels going the promoting on a fight-by-fight basis was best for his company I'd trust him. What would he have to gain by destroying GBP? Nothing. When Schaefer and Haymon brought this vision to Oscar a cpl of years ago he had no problem with it and was all for it:

"The Don Kings and Bob Arums have had a choke hold on this sport for the last 40 years," De La Hoya said. "They've been able to put great fights on, they've been able to promote the sport, yes, but I believe the days are long past of the way they promote.

"Now, we have to think outside the box. We have to think like the NBA and MLB and have one commission and one major promoter in the sport."

http://www.broadcastingcable.com/new...w-fight/126187

You may feel it wasn't a good move for the company but the investors and brain trust (the ones actually involved with the company) felt it was a good move.