Richard Schaefer

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Name: Richard Schaefer
Promoter: Record

Richard Schaefer was a Swiss banker before co-founding Golden Boy Promotions with friend Oscar De La Hoya.

On June 2nd, 2014, Schaefer announced he was leaving the company, which was the largest promotional company in the sport at the time, after 14 years as CEO. Most speculation blamed his departure on a deteriorating relationship with De La Hoya, due to De La Hoya's desire to work more closely with Bob Arum. The following day, pound-for-pound king Floyd Mayweather Jr. announced he too would no longer fight under the company's banner. [1]