BoxRec

GBP definitely matters.

For all of Oscar's flaws I believe he loves boxing & cares about boxing's future in a way no other promoter in the game today could relate to. And that being the case I think Oscar rebounds from this obvious trip up in his progression as a promoter cuz he'll be able to show that love & concern for the sport in a way no else will that will attract promising boxers. You live & learn as they say. GBP is clearly in a rebuilding stage & they are definitely down a few steps on the ladder, but I got confidence they will come back.

If I heard that BHop sold his shares in the company I might be a lil more concerned about GBP's future, but til that happens I fully expect GBP to be back among the big dogs after acquiring/building up some talent over the next 2-3 years.

The main thing that GBP has on their side is time and a big named Promoter (Oscar), so they will matter more in the sense of boxing as a future sport but they are going to have to do it the way Haymon is starting with NBC only DLH doesn't have an exclusive deal with any of the major networks.

Oscar is smart though, he will place those up and coming youngsters on his undercards of his big named guys like the Canelos and whatnot and he will afford them time to make themselves a name, once Arum is dead and gone you will see more of an open marriage come into play between TR and GBP and both promoters will have their big PPV fighters with the up and comers on their undercards.

Right now GBP really isn't a player but they will be about 5 years from now for sure.

KBB wrote:The main thing that GBP has on their side is time and a big named Promoter (Oscar), so they will matter more in the sense of boxing as a future sport but they are going to have to do it the way Haymon is starting with NBC only DLH doesn't have an exclusive deal with any of the major networks.

Oscar is smart though, he will place those up and coming youngsters on his undercards of his big named guys like the Canelos and whatnot and he will afford them time to make themselves a name, once Arum is dead and gone you will see more of an open marriage come into play between TR and GBP and both promoters will have their big PPV fighters with the up and comers on their undercards.

Right now GBP really isn't a player but they will be about 5 years from now for sure.

I cannot for the life of me understand where this faith in Oscar as a business man comes from. He's never run GBP. The smartest business decision he ever made was hiring Schafer. I'm not trying to be sarcastic and anyone can answer this question. What gives you so much faith in Oscar from a business standpoint? If you were a fighter would you feel confident Oscar could promote you properly? Would his history of drug abuse make you skeptical of signing with him now that no one else is there in case Oscar relapses?

fergusg wrote:Apart from ‘Canelo’ Alvarez and second tier fighters like Lucas Matthysse and David Lemieux, who else is contracted to Golden Boy Promotions that is considered a big name in the sport of boxing?

The GBP website lists fighters that are technically promotional “free agents”, such as Amir Khan, which means that they’re not really affiliated to Oscar De Lay Hoya’s company in any way whatsoever.

It was recently announced that Golden Boy Promotions has signed a whole host of anonymous names to bolster their stable, as the majority of their biggest stars were released from their contracts (to be under Al Haymon’s control).

Therefore, with the notable exception ‘Canelo’ Alvarez, has Golden Boy Promotions lost its place as one of the sports’ biggest and most powerful promoters? :??

It's not just the fighters, it's the investors. The investors jumped ship when Schafer was ushered out. Oscar doesn't have the capital to run GBP properly. People will say, week Oscar has money he's worth $$$$$.... When the dollar figures get as high as they do in boxing, or any big business, you don't use you're own money to fund it.

benion wrote:I cannot for the life of me understand where this faith in Oscar as a business man comes from. He's never run GBP. The smartest business decision he ever made was hiring Schafer. I'm not trying to be sarcastic and anyone can answer this question. What gives you so much faith in Oscar from a business standpoint? If you were a fighter would you feel confident Oscar could promote you properly? Would his history of drug abuse make you skeptical of signing with him now that no one else is there in case Oscar relapses?

Well Oscar did hire Richard. Sometimes the best leadership one can show is knowing who to put in charge. Although I think its arguable at this point Richard was more a trojan horse for GBP & has hurt the company more than he ever helped it. It seems like Oscar makes some solid business choices & they get sh!t done pre, during & its looking like post Richard. Oscar or whoever Oscar has put in charge of sh!t has made a solid forward trajectory whatever level GBP has been at. I'd put money on them doing it again.

I think its being underestimated that Oscar has a contract with the biggest guy in boxing under 25, 26 years old. If Manny retires in the next year or two & Floyd hangs them up after this year (huge assumption I know, but lets assume this happens), Oscar owns the biggest name in boxing & all that brings. Thats huge in a sport where the big money is still being made on PPV & you got the A side, who's also Mexican which is the most loyal fan base in boxing.

And sure Oscar has f#cked up. Lotsa mfers f#ck up. Lotsa mfers comeback from f#cking up. To listen to some people talk about Oscar's drug issues he'd be better off jumping off a building than get back in the promotion game again. Thats nutty.

benion wrote:

KBB wrote:The main thing that GBP has on their side is time and a big named Promoter (Oscar), so they will matter more in the sense of boxing as a future sport but they are going to have to do it the way Haymon is starting with NBC only DLH doesn't have an exclusive deal with any of the major networks.

Oscar is smart though, he will place those up and coming youngsters on his undercards of his big named guys like the Canelos and whatnot and he will afford them time to make themselves a name, once Arum is dead and gone you will see more of an open marriage come into play between TR and GBP and both promoters will have their big PPV fighters with the up and comers on their undercards.

Right now GBP really isn't a player but they will be about 5 years from now for sure.

I cannot for the life of me understand where this faith in Oscar as a business man comes from. He's never run GBP. The smartest business decision he ever made was hiring Schafer. I'm not trying to be sarcastic and anyone can answer this question. What gives you so much faith in Oscar from a business standpoint? If you were a fighter would you feel confident Oscar could promote you properly? Would his history of drug abuse make you skeptical of signing with him now that no one else is there in case Oscar relapses?

While I agree with you that it is Schaefer that is behind the entire success of GBP, I still think that Oscar's name along carries weight and many fighters will sign with him just because of it. Still with Schaefer being there for at least another year or two I think there will be continued success, Oscar will hire the right person to do his bidding and GBP will still remain successful because of it.

ReggieDiggs wrote:GBP definitely matters.

For all of Oscar's flaws I believe he loves boxing & cares about boxing's future in a way no other promoter in the game today could relate to. And that being the case I think Oscar rebounds from this obvious trip up in his progression as a promoter cuz he'll be able to show that love & concern for the sport in a way no else will that will attract promising boxers. You live & learn as they say. GBP is clearly in a rebuilding stage & they are definitely down a few steps on the ladder, but I got confidence they will come back.

If I heard that BHop sold his shares in the company I might be a lil more concerned about GBP's future, but til that happens I fully expect GBP to be back among the big dogs after acquiring/building up some talent over the next 2-3 years.

I find it hard to believe that someone who built an empire with the right people can't simply do it again. It's not like Richard Shaefer was the only guy on Earth who could've helped Oscar achieve success with his company. It's not like he inherited it, he built it from nothing.

The few fighters he has currently are more than what he had when he started

benion wrote:

KBB wrote:The main thing that GBP has on their side is time and a big named Promoter (Oscar), so they will matter more in the sense of boxing as a future sport but they are going to have to do it the way Haymon is starting with NBC only DLH doesn't have an exclusive deal with any of the major networks.

Oscar is smart though, he will place those up and coming youngsters on his undercards of his big named guys like the Canelos and whatnot and he will afford them time to make themselves a name, once Arum is dead and gone you will see more of an open marriage come into play between TR and GBP and both promoters will have their big PPV fighters with the up and comers on their undercards.

Right now GBP really isn't a player but they will be about 5 years from now for sure.

I cannot for the life of me understand where this faith in Oscar as a business man comes from. He's never run GBP. The smartest business decision he ever made was hiring Schafer. I'm not trying to be sarcastic and anyone can answer this question. What gives you so much faith in Oscar from a business standpoint? If you were a fighter would you feel confident Oscar could promote you properly? Would his history of drug abuse make you skeptical of signing with him now that no one else is there in case Oscar relapses?

So why don't you think he can do it again by simply finding another player? If he was smart enough to hire Schafer then he's smart enough to hire someone else who can do the same or better.

IKSRTFO wrote:

benion wrote:

KBB wrote:The main thing that GBP has on their side is time and a big named Promoter (Oscar), so they will matter more in the sense of boxing as a future sport but they are going to have to do it the way Haymon is starting with NBC only DLH doesn't have an exclusive deal with any of the major networks.

Oscar is smart though, he will place those up and coming youngsters on his undercards of his big named guys like the Canelos and whatnot and he will afford them time to make themselves a name, once Arum is dead and gone you will see more of an open marriage come into play between TR and GBP and both promoters will have their big PPV fighters with the up and comers on their undercards.

Right now GBP really isn't a player but they will be about 5 years from now for sure.

I cannot for the life of me understand where this faith in Oscar as a business man comes from. He's never run GBP. The smartest business decision he ever made was hiring Schafer. I'm not trying to be sarcastic and anyone can answer this question. What gives you so much faith in Oscar from a business standpoint? If you were a fighter would you feel confident Oscar could promote you properly? Would his history of drug abuse make you skeptical of signing with him now that no one else is there in case Oscar relapses?

So why don't you think he can do it again by simply finding another player? If he was smart enough to hire Schafer then he's smart enough to hire someone else who can do the same or better.

He didn't go out to find Schafer, it was a chance meeting at a golf game. Your don't just go out and find a Richard Schaefer. If it were that easy there would be ten more Schafer's in boxing. Schaefer came from a banking background. He has instant access to billion dollar investors whom trust him from the relationships built during his banking days. Oscar's says he just wants to put on the best fights and I believe him. But he isn't business savvy enough to get it done. He couldn't secure the Cotto fight. He couldn't secure the LSC v. Rigo fight. I'm not even sure the Canelo v. Kirkland fight is a done deal. Oscar is in over his head. His number one fighter, Canelo, was built by Schaefer not Oscar. He went from fighting on Floyd's PPV undercards to filling his own arena on Floyd's PPV undercards to fighting Floyd on PPV to hosting his own PPV. Since Oscar has taken over he's back to fighting on HBO against Kirkland? And he isn't going to fight on May 2nd no matter who Floyd fights. HBO isn't going to waste money going up against a Floyd PPV and Vegas isn't going to go against Floyd. Oscar just sold LSC contract. The rumor is because Haymon was blocking the Rigo fight. The same Rigo that HBO and Arum pushed to the side because of his unwatchable style. Sure, us boxing fans would love to see that fight but the casual fans aren't looking for Rigo. GBP is going broke. The investors jumped ship with Schaefer. What's the point of having those fighters of you can't get them fights? You thick Arum is gonna help GBP by setting up fights? Any fight between the two is going to heavily favor Arum because Oscar is out of his league.

KBB wrote:While I agree with you that it is Schaefer that is behind the entire success of GBP

i don't see how it's possible for schaefer to be behind the entire success of golden boy promotions.
oscar was a crossover star on virtually every late night network show he wanted to appear on whenever
he wanted to appear, as well as any latin tv show. he was the biggest thing in boxing and founded
golden boy and everybody knew what golden boy was because oscar was "the golden boy".
golden boy promotions promoted the de la hoya v mayweather fight. schaefer who?
schaefer was an investment manager who oscar recruited. schaefer would have had nothing to do with
boxing without oscar and it would have been impossible for schaefer to start a company on his own
to enter the same universe as golden boy. oscar was going to have a company with or without schaefer
and you really have no way of proving that golden boy wouldn't have been almost as big or just as big
or maybe bigger with someone else running the business end. schaefer wasn't even involved in the
promotions end in the beginning and much of his contributions to the company were in real estate
and away from boxing. oscar IS golden boy. this mayweather garbage about schaefer being
golden boy was a stab at oscar, and obviously schaefer is not even necessary to GB. who would hire that
guy now knowing he tried to steal a company right from under the guy he had a fiduciary responsibility
to represent? you gotta have rocks in your head to hire a viper like that. i doubt mayweather is that
stupid to hire a guy who he just saw try to take out his employer while he was in rehab. floyd prizes
loyalty and i just don't see him welcoming a viper into his camp.

benion wrote: He didn't go out to find Schafer, it was a chance meeting at a golf game.

schaefer knew oscar's nephew before they ever met and they had a business relationship
on the investment side before ever discussing schaefer becoming involved in boxing,
and oscar offered to guarantee schaefer what he was already making with UBS.
oscar thought schaefer could help on the business end of his new company so he
recruited schaefer into the company.

benion wrote:I cannot for the life of me understand where this faith in Oscar as a business man comes from. He's never run GBP. The smartest business decision he ever made was hiring Schafer. I'm not trying to be sarcastic and anyone can answer this question. What gives you so much faith in Oscar from a business standpoint? If you were a fighter would you feel confident Oscar could promote you properly? Would his history of drug abuse make you skeptical of signing with him now that no one else is there in case Oscar relapses?

Exactly!!! However, there is a huge bias in favor of DLH in boxing.

But if you can think objectively, you'd see an insecure drug addict who doesn't really know shit. Haymon and Schaeffer were right to scheme a way to get DLH out of the picture. If anyone here had a business, and one partner was a drug addict, you'd want him gone too.

DLH should have taken his buyout or "partnership" and went on to commentate or something. Instead, his ego leads him to believe he's this great businessman. I'm not fully sure, but I think he's spent a significant percentage of GBP's existence in rehab. Maybe over 10% ... so then you could imagine what it must have been like to be around him most of the time.

But then he gets on camera, smiles, bats his eye and men all over the boxing community forget/ignore the facts.

"I got bitch who's a man because they're bitches too" Ice T

fergusg wrote: Bernard Hopkins previously claimed that De La Hoya was merely a figurehead and it was Richard Schaefer that built up Golden Boy Promotions, whilst Oscar was cross-dressing and high on cocaine and alcohol.

Oscar De Lay Hoya runs Golden Boy Promotions in an autocratic and dictatorial manner, but you have to consider the greatest successes GBP were enjoyed was when the business was managed by Richard Schaefer.

Oscar owns the company. He did what a lot of cats do. Hire mfers to do the work.

I'd speculate again Richard has ultimately done more damage to GBP than he ever helped it. And thats taking in account that GBP has done some of the biggest fights in boxing history with Richard as the CEO. But I don't get to see the GBP books either although I'd suggest it'd be hard to put a dollar figure on how much the Al/Richard thing has cost GBP the company.

Dictatorial manner. Its a business. He has that ability if he so chooses. I bet Arum puts on a Hitler mustache during some one on one meetings with his TR guys. You can do that if you want. Its got its pros & cons, like most things, I'm sure.

ReggieDiggs wrote:

fergusg wrote: Bernard Hopkins previously claimed that De La Hoya was merely a figurehead and it was Richard Schaefer that built up Golden Boy Promotions, whilst Oscar was cross-dressing and high on cocaine and alcohol.

Oscar De Lay Hoya runs Golden Boy Promotions in an autocratic and dictatorial manner, but you have to consider the greatest successes GBP were enjoyed was when the business was managed by Richard Schaefer.

Oscar owns the company. He did what a lot of cats do. Hire mfers to do the work.

I'd speculate again Richard has ultimately done more damage to GBP than he ever helped it. And thats taking in account that GBP has done some of the biggest fights in boxing history with Richard as the CEO. But I don't get to see the GBP books either although I'd suggest it'd be hard to put a dollar figure on how much the Al/Richard thing has cost GBP the company.

Dictatorial manner. Its a business. He has that ability if he so chooses. I bet Arum puts on a Hitler mustache during some one on one meetings with his TR guys. You can do that if you want. Its got its pros & cons, like most things, I'm sure.

Why would Schaefer destroy a company he was trying to take over as majority ownership? That doesn't make sense. His vision for GBP was different from Oscars vision. The direction Shaffer was moving the company will make it more difficult for Oscar to move it in his direction now. Haymon and Schaefer saw a better business model, more efficient and profitable than the old model. This idea that Schaefer was intentionally, or even unintentionally, destroying GBP doesn't make sense.

fergusg wrote:

ReggieDiggs wrote:

fergusg wrote: Bernard Hopkins previously claimed that De La Hoya was merely a figurehead and it was Richard Schaefer that built up Golden Boy Promotions, whilst Oscar was cross-dressing and high on cocaine and alcohol.

Oscar De Lay Hoya runs Golden Boy Promotions in an autocratic and dictatorial manner, but you have to consider the greatest successes GBP were enjoyed was when the business was managed by Richard Schaefer.

Oscar owns the company. He did what a lot of cats do. Hire mfers to do the work.

I'd speculate again Richard has ultimately done more damage to GBP than he ever helped it. And thats taking in account that GBP has done some of the biggest fights in boxing history with Richard as the CEO. But I don't get to see the GBP books either although I'd suggest it'd be hard to put a dollar figure on how much the Al/Richard thing has cost GBP the company.

Dictatorial manner. Its a business. He has that ability if he so chooses. I bet Arum puts on a Hitler mustache during some one on one meetings with his TR guys. You can do that if you want. Its got its pros & cons, like most things, I'm sure.

Richard Schaefer built up Golden Boy Promotions and made it a real force, but since Oscar assumed complete control, the company has been asset stripped, due to his decision to sell off the promotional rights for most of his biggest stars to Al Haymon.

Im not sure if it was his decision to sell off the promotional rights for most of his biggest starts to Haymon... The majority of contracts simply ran out didn't they, or were never in place to begin with? And Haymon, as the all mighty advisor he is, simple advised his fighters not to renew their promotional contracts with GBP and instead sign a managerial contract with him!

I know this was not the case with LSC whose contract did actually get sold!

benion wrote:

He didn't go out to find Schafer, it was a chance meeting at a golf game. Your don't just go out and find a Richard Schaefer. If it were that easy there would be ten more Schafer's in boxing. Schaefer came from a banking background. He has instant access to billion dollar investors whom trust him from the relationships built during his banking days. Oscar's says he just wants to put on the best fights and I believe him. But he isn't business savvy enough to get it done. He couldn't secure the Cotto fight. He couldn't secure the LSC v. Rigo fight. I'm not even sure the Canelo v. Kirkland fight is a done deal. Oscar is in over his head. His number one fighter, Canelo, was built by Schaefer not Oscar. He went from fighting on Floyd's PPV undercards to filling his own arena on Floyd's PPV undercards to fighting Floyd on PPV to hosting his own PPV. Since Oscar has taken over he's back to fighting on HBO against Kirkland? And he isn't going to fight on May 2nd no matter who Floyd fights. HBO isn't going to waste money going up against a Floyd PPV and Vegas isn't going to go against Floyd. Oscar just sold LSC contract. The rumor is because Haymon was blocking the Rigo fight. The same Rigo that HBO and Arum pushed to the side because of his unwatchable style. Sure, us boxing fans would love to see that fight but the casual fans aren't looking for Rigo. GBP is going broke. The investors jumped ship with Schaefer. What's the point of having those fighters of you can't get them fights? You thick Arum is gonna help GBP by setting up fights? Any fight between the two is going to heavily favor Arum because Oscar is out of his league.

The Alvarez fights in Texas! So why would Vegas be going against Mayweather?

I honestly feel that the only reason Oscar tried to make up with Arum was to save
his company.Oscar knew that he could no longer work with Haymon fighters.
It was either Kiss Arum's ass or become a second rate promoter.
Arum might be the biggest piece of shit in the history of the sport.But he is far from stupid.
He will help Oscar to a point but Arum could slam that door shut in a second and Oscar
would have nothing but Canelo and no one to fight him.

Oscar still has the name recognition but another stint in rehab would probably
do the guy in.Oscar needs to find someone more qualified then himself to run the daily
operations of GBP.Or they are destined to fail.

benion wrote:

ReggieDiggs wrote:

fergusg wrote: Bernard Hopkins previously claimed that De La Hoya was merely a figurehead and it was Richard Schaefer that built up Golden Boy Promotions, whilst Oscar was cross-dressing and high on cocaine and alcohol.

Oscar De Lay Hoya runs Golden Boy Promotions in an autocratic and dictatorial manner, but you have to consider the greatest successes GBP were enjoyed was when the business was managed by Richard Schaefer.

Oscar owns the company. He did what a lot of cats do. Hire mfers to do the work.

I'd speculate again Richard has ultimately done more damage to GBP than he ever helped it. And thats taking in account that GBP has done some of the biggest fights in boxing history with Richard as the CEO. But I don't get to see the GBP books either although I'd suggest it'd be hard to put a dollar figure on how much the Al/Richard thing has cost GBP the company.

Dictatorial manner. Its a business. He has that ability if he so chooses. I bet Arum puts on a Hitler mustache during some one on one meetings with his TR guys. You can do that if you want. Its got its pros & cons, like most things, I'm sure.

Why would Schaefer destroy a company he was trying to take over as majority ownership? That doesn't make sense. His vision for GBP was different from Oscars vision. The direction Shaffer was moving the company will make it more difficult for Oscar to move it in his direction now. Haymon and Schaefer saw a better business model, more efficient and profitable than the old model. This idea that Schaefer was intentionally, or even unintentionally, destroying GBP doesn't make sense.

I'm talking about the end result. There is no argument GBP is worse off today having been negatively affected by Richard's CEOing job. Ultimately it would appear, its arguable no question, that Richard was basically trojan horsing for Al. He had deals with Al's guys that gave less value to GBP the company & that likely was part of the plan that led to the rumored offer Al made to takeover GBP.

As a owner of the company the move would hurt Richard at the moment, but it seems extremely likely Richard knew the plan & that its possible if Al took over GBP his 9% of GBP could be worth all the more or maybe he got extra shares for f#cking Oscar over too idk. Thats speculation, but clearly GBP's current status is due to Richard not doing his job to the best of his ability for GBP the company he was hired by. Clearly Oscar has some blame as he shoulda seen this (although we don't know how sneaky he was in this whole situation, maybe he was showing Oscar fake contracts that Keith Thurman or whoever WAS a GBP fighter or maybe he just implied it & who's looking at all those contracts).

And while I dig Al's move its way to early to suggest that will be a long term success or that GBP the company would have been better benefitted by Al being the president instead of Oscar.

fergusg wrote: Richard Schaefer built up Golden Boy Promotions and made it a real force, but since Oscar assumed complete control, the company has been asset stripped, due to his decision to sell off the promotional rights for most of his biggest stars to Al Haymon.

I don't think we know the exact details of the arbitration to suggest this was the go to move for Oscar. I believe Oscar had no contracts with many if not all of these guys that Al now has under his advisor umbrella. I'd LOVE to read the arbitration talks between Oscar & Richard to get the real story of how deceitful this job was on Richard's behalf & how much of a leg Oscar had to stand on without having contracts with guys. I definitely don't believe Oscar just decided he needed some $$$ & sold off contracted guys.

Granted it seems like he sold off Leo the other day, but that would seem like a situation where Oscar mighta seen the writing on the wall (Leo named his kid after Al ffs lol & has stated he won't fight Guillermo, the fight Oscar wanted to make, for less than $3,000,000, which I think everyone would agree is unrealistic at best, I don't think any 122lber or under has made $3M for a fight tbqh, its certainly a unlikely outcome for a guy with lil drawing power like Guillermo).

And I mean if you are selling off contracts willingly I don't think you keep the guys Oscar has kept. I think you wanna gamble on the next big thing & keep Keith Thurman & Errol Spence contracts.

fergusg wrote:Richard Schaefer built up Golden Boy Promotions and made it a real force

what did schaefer do to "build" de la hoya v mayweather into a big fight? schaefer who?!?!
de la hoya was a superstar and schaefer didn't even have anything to do with the promotions
side early on. you would need a lobotomy to screw up the biggest fights to take place under the GB
banner, most of which are mayweather fights. they were going to break records if schaefer was
never born. is canelo a GB fighter because of schaefer? get real. what on the boxing end specifically
did schaefer do to build GB? he tried to rob the guy he had a fiduciary responsibility to represent.
i acknowledge he was useful on the investment side, but you people are out of your minds thinking
schaefer is some kind of boxing wizard. he wouldn't know a jab from a bolo punch if it hit him

sucracristo wrote:

fergusg wrote:Richard Schaefer built up Golden Boy Promotions and made it a real force

what did schaefer do to "build" de la hoya v mayweather into a big fight? schaefer who?!?!
de la hoya was a superstar and schaefer didn't even have anything to do with the promotions
side early on. you would need a lobotomy to screw up the biggest fights to take place under the GB
banner, most of which are mayweather fights. they were going to break records if schaefer was
never born. is canelo a GB fighter because of schaefer? get real. what on the boxing end specifically
did schaefer do to build GB? he tried to rob the guy he had a fiduciary responsibility to represent.
i acknowledge he was useful on the investment side, but you people are out of your minds thinking
schaefer is some kind of boxing wizard. he wouldn't know a jab from a bolo punch if it hit him

lol & very solid points.

I think boxing promotion is a lot about just getting fighter A in the ring with anybody & for PPV super fights getting fighter A in with fighter B. Oscar seems to wanna make competitive fights & big fights which is more than you can say about most boxing promotions & with that simple yet effective ideology I think you automatically become a force in boxing promotion. So suggesting GBP isn't gonna be a player again once they recover from the Richard assisted exodus of his top names is like saying Mila Kunis wouldn't make money as porn actress cuz she's too ugly.

ReggieDiggs wrote:I'm talking about the end result. There is no argument GBP is worse off today having been negatively affected by Richard's CEOing job.

GBP is worse off today because Oscar fire Schafer, not because of what Shaffer did as CEO. GBP was very successful under Schafer up until the moment he left. Investors jumped ship when Schafer was pushed out. That's one of the key reasons GBP is going broke now and can't pay fighters what they want to make fights.

benion wrote:

ReggieDiggs wrote:I'm talking about the end result. There is no argument GBP is worse off today having been negatively affected by Richard's CEOing job.

GBP is worse off today because Oscar fire Schafer, not because of what Shaffer did as CEO. GBP was very successful under Schafer up until the moment he left. Investors jumped ship when Schafer was pushed out. That's one of the key reasons GBP is going broke now and can't pay fighters what they want to make fights.

I think if a guy isn't doing the job you hired him to do you gotta fire him. Richard was clearly not signing guys to GBP in particular & perhaps exclusively guys associated with Al Haymon. That is a huge problem. If you don't see that as a huge problem idk what else to say. Oscar's hands were tied.

I'd even argue Al's & Richard's plan was to systematically NOT sign Haymon fighters to GBP contracts so they could leverage a buyout of GBP from Oscar at some point. That seems to be what is rumored or implied to have happened behind the scenes. Its all speculation because of the arbitration thing, but clearly Richard didn't get fired for no reason lol. It even sounds like this plan was attempted during Oscar's rehab stay of all things. I know people have no sympathy for people with drug problems, but thats just some lowdown slimey sh!t imho. If there is any truth to that thats like the business version of finding a drunk girl by herself who can barely walk & f#cking her.

fergusg wrote:Bernard Hopkins, who is a partner/shareholder in Golden Boy Promotions, made the following statements about Richard Schaefer’s departure from that company less than 12 months ago:

“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…”

“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…”

“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.”

“I know who ran the company and I know how it benefited from that. Why would I not want to set my allegiance to people who I know for sure that I could trust and that is Richard Schaefer and Al Haymon.”

“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.”

http://www.BS.com/hopkins-on-h ... ure--78539

Thoughts? :?? DD

Bhop has passionate & without an inch of doubt opinions about what way the toilet paper roll should be set. This ain't nothing new. Doesn't mean he's right. All I know is with that opinion he still owns 5% of GBP.

fergusg wrote: Thoughts? :?? DD

i notice bhop hasn't sold his shares in GB like he said he would back around the time of this quote.
what was the specific thing in that long quote that made oscar and floyd and canelo's fights bigger
than they would have been with someone else running the office? bhop forgot to mention how
sharp schaefer kept the pencils and how clean the bathrooms were.
let's start off with oscar vs floyd, golden boy's biggest event. how did schaefer make that a big fight
compared to what oscar did to make it a big fight? then we can move on to floyd's fights, which would
be the next biggest, then canelo's. i really want to know. with all due respect to bhop, i'm not sure
he would be the one i would let choose the CEO of my company, especially if the guy he likes already
tried to stage a coup and steal the company.