Report: Floyd Mayweather Jr. will no longer use Golden Boy to promote his fights

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Photo by Associated Press

It didn’t take long for the other shoe to drop. Only hours after Richard Schaefer announced Monday he was resigning as CEO of Oscar De La Hoya’s Golden Boy Promotions, Floyd Mayweather Jr. declared through the CEO of Mayweather Promotions – Leonard Ellerbe – that he will no longer use Golden Boy to help promote his fights, according to a report on ESPN.com

Mayweather had been using Golden Boy to promote his past nine fights on a handshake. But it was not surprising that Ellerbe told ESPN.com that Mayweather will “absolutely not” use Golden Boy any longer.

Mayweather and De La Hoya have never liked each other much. To the contrary, Mayweather and Schaefer and Ellerbe have solid relationships.

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Richard Schaefer resigns as CEO of Oscar De La Hoya’s Golden Boy Promotions

To the surprise of probably no one, Richard Schaefer – CEO of Oscar De La Hoya’s Golden Boy Promotions – on Monday afternoon handed in his resignation after some 12
years with the company that was founded in 2002.

“After more than 10 years with Golden Boy, it is time to move on to the next chapter of my career,” Schaefer said in a statement. “This decision has required a great
deal of personal reflection, but ultimately I concluded that I have no choice but to leave. I have succeeded in banking and I have succeeded in boxing, and I look forward to the next opportunity. I am proud to remain a shareholder (in Golden Boy), so I have a strong interest in the continued success of the company. I am proud of what we have accomplished at Golden Boy, but I now look forward to new challenges.”
Schaefer has been De La Hoya’s right-hand man, and then some. The financial brains of the outfit, the former Swiss banker helped build De La Hoya’s company into a monster in the industry, taking a back seat to virtually no one.

Along the way quite a bit of animosity materialized between De La Hoya’s former promoter – Bob Arum of Top Rank Inc. – and De La Hoya and Schaefer. The ongoing beef resulted in what boxing insiders referred to as “The Cold War” as the companies refused to do business with each other.

When De La Hoya recently got out of a drug and alcohol rehabilitation center for the second time, he went on record as saying he wanted to patch things up with Arum
and again begin doing fights with Arum’s high-powered company.

By this time Schaefer had gone on record as saying he would never do business with Arum ever again. Schaefer would not say much on top of the statement during a telephone interview with this newspaper shortly after he resigned. He did provide some hints.

“I can’t really say anything on the advice of my attorneys,” he said, when asked about his main reason for leaving. “I’m just going to leave it at this; the statement pretty much says all it needs to say.”

Schaefer was asked if, because his attorneys advised him not to talk, that means there is impending litigation.

“No, not necessarily,” he said. “I just gave my resignation today; I don’t have all the answers.”

Schaefer, however, did say something that intimated De La Hoya’s change of heart toward Arum was part of why he left.

“I’m sure guys involved in boxing saw what was going on and probably figured out that sooner or later something like that was going to happen,” Schaefer said.

De La Hoya, as of late Monday afternoon, had yet to issue a response to Schaefer’s departure. De La Hoya, of East Los Angeles, will be inducted into the International
Boxing Hall of Fame on Sunday in Canastota, N.Y.

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Hawaiian Gardens’ Abner Mares ready to rumble again, fights July 12 in Las Vegas

Abner Mares of Hawaiian Gardens has suffered just one loss in his professional career, but it was a devastating one. It happened Aug. 24, when he lost his featherweight world title when he was knocked out in the first round by Jhonny Gonzalez of Mexico at StubHub Center in Carson.

Mares has not fought since, but he’ll lace up the gloves again when he takes on Puerto Rico’s Jonathan Oquendo (24-3, 16 KOs) in the featherweight semi-main event July 12 at MGM Grand in Las Vegas (on Showtime pay-per-view). Headlining will be former super welterweight champion Saul “Canelo” Alvarez of Mexico taking on Erislandy Lara of Cuba.

When Mares (26-1-1, 14 KOs) steps in the ring against Oquendo, it will have been nearly 11 months since he was demolished by Gonzalez. Mares claims he is ready to rumble.

“It’s been a long time, but I can’t wait to step into the ring and hear my name called again,” Mares, 28, said. “Jonathan Oquendo is a respectable fighter and I know he’s coming to win. But  he is in the way of another world title, so I have to get him out of there.”

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Golden Boy announces card that will include Covina’s John Molina in big fight

Golden Boy Promotions has announced it will play host to a Showtime tripleheader to be contested April 26 at StubHub Center in Carson.

The main event will feature Keith “One Time” Thurman defending his interim welterweight title against Julio Diaz.

Also, Omar Figueroa will defend his lightweight title against Jerry Belmontes. And John Molina of Covina will take on former junior welterweight champion Lucas Matthysse in a 10-round fight. Molina (27-3, 22 KOs) and Matthysse (34-3, 32 KOs) have 54 knockouts between them, so that figures to be a fight that does not go the distance.

“I am excited to showcase myself against someone that I consider to be one of the best fighters in the world at 140 pounds,” said Molina, who has campaigned mostly as a lightweight. He is a graduate of Charter Oak High.

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Shawn Porter to make first defense against Paulie Malignaggi in Washington D.C.

Shawn “Showtime” Porter earned his first shot at a major title five years and two months after turning pro. Once he got it, he won the championship by defeating Devon Alexander via unanimous decision in December in Brooklyn.

Now that he has the belt, he has no intention of letting it go. He will make his first defense on April 19 when he squares off with former champion Paulie Malignaggi at DC Armory in Washington D.C. (on Showtime).

“I fought hard to get this title,” said Porter, 26, of Akron, Ohio. “Paulie says he wants it, but is he willing to go through me to get it?”

Porter (23-0-1, 14 KOs) then took a shot at the light-hitting Malignaggi.

“Fighting Malignaggi is like fighting Alexander; they don’t have the strength or power to keep me away,” Porter said. “And I will steamroll Paulie on my way to victory April 19.”

Alexander has a knockout ratio of 51.8 percent, which is much higher than that of Malignaggi, whose record of 33-5 with seven knockouts computes to a knockout ratio of just 18.4 percent.

“I’m excited to be back in a title fight so soon after my win over Zab Judah,” said Malignaggi, who defeated former champion Judah via unanimous decision in December in Brooklyn. “I will become a three-time world champion on April 19. Porter is a good fighter and I’m sure he’ll be a champion again in the future, but he doesn’t have the tools or experience to beat me.”

This will be the main undercard fight to the light heavyweight title-unification bout between champion Bernard Hopkins and Beibut Shumenov.

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Saul ‘Canelo’ Alvarez-Alfredo ‘El Perro’ Angulo does over 350,000 pay-per-view buys

Golden Boy Promotions on Friday announced that the junior middleweight fight between Saul “Canelo” Alvarez and fellow Mexican Alfredo “El Perro” Angulo this past Saturday at MGM Grand in Las Vegas did over 350,000 buys on Showtime pay-per-view.

Alvarez stopped Angulo in the 10th round. The fight will be replayed Saturday as part of the Showtime telecast featuring Danny Garcia of Philadelphia defending his two junior welterweight belts against Mauricio Herrera  of Riverside from Bayamon, Puerto Rico.

“The fans have spoken,” said Richard Schaefer, CEO of Golden Boy Promotions.  “‘Canelo’ is without a doubt the brightest young star in the sport today.  He’s been a huge star in Mexico for quite some time. Now there is no denying that he is a star in the United States as well.  We’re already in discussions with ‘Canelo’ to find the next opportunity to bring another exciting event to boxing fans worldwide.”

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Richard Schaefer won’t comment on rumors of discord with Oscar De La Hoya

Richard Schaefer, CEO of Golden Boy Promotions, on Friday morning said he would not address in any way, shape or form the rumors that he and his boss, Oscar De La Hoya, are on the outs.

Some of the gossip has gone so far as to suggest that Schaefer was about to either resign or be pushed out of the company he has helped grow into a monster.
“I’m actually trying to get to the bottom of those rumors as well, and the sources,” Schaefer said via telephone. “I am not going to comment on it. I’ve never really been one to comment on rumors, and I’m not going to start now.”

 

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Saul ‘Canelo’ Alvarez stops Alfredo ‘El Perro’ Angulo in 10th round at MGM Grand

Saul “Canelo” Alvarez on Saturday rebounded from his first career loss by stopping fellow Mexican Alfredo “El Perro” Angulo in the 10th round of their junior middleweight main event at MGM Grand in Las Vegas. The Golden Boy Promotions card was televised on Showtime pay-per-view.

Alvarez (43-1-1, 31 KOs) was ahead by scores of 89-82, 89-82, 88-83 at the time of the stoppage, which came at 47 seconds into the round when Alvarez came out strongly following what was a good ninth round for him.

This was Alvarez’s first fight since he lost a decision to Floyd Mayweather Jr. this past September at MGM Grand.

This was the second consecutive loss for Angulo, who is now 22-4.

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Carlos Molina still in jail, off Saturday’s Alvarez-Angulo undercard at MGM Grand

It’s official, Carlos Molina of Chicago via Mexico won’t be able to defend his junior middleweight title against Jermall Charlo on tonight’s undercard in Las Vegas because he remains on jail after having been arrested Tuesday on out-of-state warrants issued from the state of Wisconsin. Molina also has immigration issues, according to several reports out of Las Vegas.

That fight was scratched and now the 10-round lightweight fight between Ricardo Alvarez and Sergio Thompson will be elevated to the Showtime pay–per-view portion of the show at MGM Grand.

Saul “Canelo” Alvarez and Alfredo “El Perro” Angulo – both of Mexico – will tangle in the junior middleweight main event. The limit for junior middleweight is 154. But before the weigh-in Friday, Alvarez apparently let it be known he wouldn’t be able to make the weight. But it is not a title fight and the Angulo camp agreed to a limit of 155, according to a story on BoxingScene.com.

In that story, it was noted that Alvarez may have had to give Angulo $100,000 of his purse for the fight to go on at the higher weight. Alvarez then weighed in at 155, Angulo 154 1/2. Richard Schaefer, CEO of Golden Boy Promotions, could not confirm that Alvarez had to fork over the extra dough.

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Not surprisingly, Mayweather-Maidana lands at MGM Grand in Las Vegas

To no one’s surprise, the May 3 Floyd Mayweather Jr.-Marcos Maidana welterweight title-unification bout will take place at MGM Grand in Las Vegas, a spokeswoman for Golden Boy Promotions confirmed Wednesday.

A deal for the fight was reached Feb. 24 – the day Mayweather turned 37. But until Wednesday the site remained up in the air – though Golden Boy CEO Richard Schaefer told this newspaper it most likely would be at the Las Vegas casino where Mayweather has fought 11 times.

The bout will be available on Showtime pay-per-view.

Mayweather is 45-0 with 26 knockouts. Maidana, of Argentina, is 30. He has a record of 35-3 with 31 knockouts.

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