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De La Hoya addresses Schaefer’s departure…sort of


Finally, after two days after Richard Schaefer released a statement regarding his resignation from Golden Boy Promotions, Oscar De La Hoya has made his own statement about the situation.

“Golden Boy Promotions is moving ahead on all fronts. We look forward to continuing and expanding our key position in the boxing world and to providing the public with the very best the sport has to offer,” said De La Hoya in the statement.

What’s interesting about this however, is that it took two full days before Oscar acknowledged Schaefer’s departure.  What is also interesting to note is that the statement really doesn’t say much and leaves a ton of unanswered questions.

For starters, what is the time table for De La Hoya to find the company a new CEO?  Where does this leave fighters who have fought for Golden Boy Promotions, but aren’t actually under contract (ie. Al Haymon’s crew)?

Schaefer announced his resignation on Monday, after essentially acknowledging a difference of opinion on how to run the business within GBP.  Schaefer was the first and only CEO in the company’s history and it’s unknown if De La Hoya himself will run the day to day business for the time being or if he will have some help.

While the situation between De La Hoya and Schaefer now has a conclusion, this is only the beginning of what’s to come at Golden Boy and in boxing’s promotional landscape.

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