De La Hoya-Schaefer not seeing eye to eye about Arum
- Updated: April 25, 2014
The rift between Oscar De La Hoya and Richard Schaefer is getting quite interesting, based on comments the two have made over the past week.
Schaefer is CEO at Golden Boy Promotions, and has essentially been running the show at the company, despite De La Hoya’s position as president. Meanwhile, the “Cold War” with Bob Arum’s Top Rank has continued for some time now, as the two promotions have not been keen on working with each other based off of past dealings that have gone sour (not to mention the whole Manny Pacquiao briefcase-full-of-money thing).
The inability for the two promotions to work with each other has been robbing boxing fans of big time match-ups including, but not limited to fights such as Mayweather-Pacquiao and Alvarez-Chavez. However, De La Hoya has been looking to reach out to Arum in order to ease the tensions, going so far as to say that he is willing to work with him again.
“I’ve never had a problem with Bob Arum. I have to appreciate what he did for my career. Me, personally, I have no problem whatsoever with Bob. You never know,” De La Hoya told RingTV. “You never know what can happen in the near future. As far I know, Bob has no problem with me, and I have no problem with him. That’s the bottom line. In boxing, you never know what can happen.”
Arum and De La Hoya certainly worked well together when Top Rank promoted De La Hoya, but the beef seems to involve Richard Schaefer and Arum, more so than DLH and Arum.
“Personally, I do have a problem with Bob Arum, and nothing has changed as it relates to my position,” Schaefer told RingTV. “I have no intention of working with Top Rank or with Bob Arum. Too much has happened and I have no interest in ever working with him again.”
Obviously those are two completely opposite points of view and something’s going to eventually have to give.
“I’ve given Bob several opportunities, and a leopard never changes his spots,” Schaefer told the LA Times this past week. “With Oscar, it’s sort of like, one day he hates him, the next day he loves him, the next day he rips him, then he loves him again.
“Last I checked, I was CEO,” Schaefer said. “Unless Oscar wants to change that. … I’ve been running Golden Boy since the beginning. If he wants to change that, since he’s the majority shareholder, and decides he wants to fire me, I can’t stop that.”
Those words from Schaefer are quite telling when you think about it. Schaefer has been taking care of business at Golden Boy and it’d be hard to imagine De La Hoya exercising a power move to get Schaefer out of the way in order to work with Top Rank. Oscar certainly has the power to make that happen but that would be a hard pill to swallow. De La Hoya in fact, has gone on to say that the promotion is as strong as ever and doesn’t speak like a man who’s looking at making changes at he company.
“If anyone with Golden Boy has any differences with Bob, it’s on them,” added De La Hoya in his conversation with the LA Times. “I have nothing against Bob and I feel making fights with Bob is beneficial to the fans and the market.”
The question will be if Oscar will eventually do something about it.
“That’s not the way businesses work,” Schaefer continue. “You hire someone to run your business, you let them run the business. You don’t tell your CEO to sit this one out. You either have them run your business or you don’t.”
Something tells me that this issue isn’t going away anytime soon.