May 3, 2014; Las Vegas, NV, USA; Floyd Mayweather Jr. celebrates with the championship belt after defeating Marcos Maidana (not pictured) during their fight at the MGM Grand. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports

Report: Floyd Mayweather quits Golden Boy Promotions


Undefeated junior middleweight and welterweight fighter Floyd Mayweather has ended his relationship with Oscar De La Hoya’s company, Golden Boy Promotions.  This severance by Mayweather came just hours after Golden Boy CEO Richard Shaefer resigned.

Shaefer co-founded Golden Boy with Oscar De La Hoya in 2002, and has been the only CEO of the company since then.  Shaefer and De La Hoya have partaken in a very public feud in the last few months, so this split was not entirely a surprise. Mayweather is 46-0 in his stellar career, and is arguably the best boxer of this generation.

Per ESPN:

Hours after Richard Schaefer’s Monday resignation as chief executive of Golden Boy Promotions following months of infighting with company co-founder/majority shareholder/president Oscar De La Hoya, pound-for-pound king Floyd Mayweather Jr. dumped the company.

Mayweather had been with Golden Boy promotions for his last nine bouts, dating back to 2007 before the split.  Mayweather is still the biggest draw in boxing, and this has to be a huge blow for De La Hoya’s company.

Has already his own promotion company already, appropriately called Mayweather Promotions, and it was Mayweather Promotions CEO Leonard Ellerbe was the one that broke this story to ESPN.  When he was asked whether Mayweather would ever consider working with De La Hoya’s company again, Ellerbe said “absolutely not”.

Shaefer was reportedly the only person at Golden Boy with whom Mayweather would work with ans his resignation now signals an end to that partnership.  Whether Shaefer will join Mayweather Promotions now in the wake of his resignation is anyone’s guess.  It would seem to be the next logical step in this saga.

 

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Tags: Floyd Mayweather Oscar De La Hoya