26
Jan
2020

De La Hoya breaks silence with short, sharp statement

Phil Jay 05/06/2014

Golden Boy President Oscar De La Hoya has made his first comments since CEO Richard Schaefer announced his decision to leave and pound for pound king Floyd Mayweather distanced himself from the company.

It’s been a turbulent week or so for the former multi-weight world title holder, who had been widely expected to release his views on what has transpired – which has turned out not to be the case as today’s statement was distributed.

“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 briefly, with no reference to any of the recent developments surrounding GBP.

Schaefer jumping ship is largely down to the fact that De La Hoya wanted to link up with Bob Arum once again following years of bad blood between the two, a move which looks set to cost Golden Boy the honour of co-promoting lucrative ‘Money’ Mayweather pay-per-view events.

Add to that the likelihood of boxing figure Al Haymon joining up with Mayweather and Schaefer for any new venture, and De La Hoya has lost a big chunk of his reliable revenue stream going forward. This could mean a closer bond with Arum for the foreseeable future as the reunited pair plot a new route to making the fights the fans want to see.

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