Oscar De La Hoya/photo courtesy of Denver Post
In the wake of our Q & A with Hall of Fame fighter/promoter Oscar De La Hoya last week, ESPN.com reported that De La Hoya is taking former Golden Boy Promotions CEO Richard Schaefer to private arbitration and seeking some $50 million in damages. An informed source told us Monday this is accurate.
Schaefer is the only CEO De La Hoya’s company has had since its inception in 2002. Schaefer resigned in early June after ongoing differences with De La Hoya. De La Hoya told us that Schaefer remains under contract until 2018.