Richard Schaefer seeks fighters for new company Ringstar Sports, open working with Bob Arum again

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Former Golden Boy Promotions CEO Richard Schaefer is back in boxing following an 18-month absence with the formation of forthcoming operation Ringstar Sports.

The one-time right hand man of Oscar De La Hoya parted company with the fighting legend-turned promoter in last 2014 and had vowed to return before taking a break from activities within the sport.

Schaefer now believes the time is right to get back on the horse and is already in the process of scouting boxers for his new venture and putting together what he hopes will be a world class operation moving forward.

“I am very excited to be back in the ranks of boxing promotion,” Schaefer told Yahoo Sports.

“My first job was to establish the entity and get licensed, which I’ve done. Now, I’ll be reactivating my relationships within the boxing industry whether it’s managers, fighters, networks and so on. I want to recruit staff. I want to put together the best team again. I want to get the best matchmakers and operational people and marketing people and so on. I’m going to do things the right way.

“I’m going to have some conversations with the networks, so I have the right platforms available. After I sign some fighters, whether it be young guys coming out of the Olympics or seasoned, existing stars and champions, as long as they are free agents, I will be open for business and able to offer them the right opportunities.”

On working with Top Rank’s Bob Arum, whom De La Hoya and Schaefer severed ties with during their working relationship at Golden Boy, the ex-Swiss banker added: “I was sitting in the yard the other day reflecting upon all of my experiences in boxing. And as nasty as it got at times between Bob and me, I wouldn’t be honest if I didn’t say that I have a lot of fond memories of good times with Bob. We were out smoking cigars, having a lot of laughs and there were good old memories. I don’t want to say anything bad about Bob and who knows? Maybe we’ll work together again.”