Everyone saw it coming, but it is still huge.
Richard Schaefer was the main reason why Golden Boy has flourished over the years, especially while Oscar was dealing with his personal problems.
A lot of the Golden Boy roster will now have to choose sides. Stick with Oscar or go wherever Schaefer goes.
Richard Schaefer has announced that he has left @GoldenBoyBoxing
— Chris Mannix (@ChrisMannixSI) June 2, 2014
Schaefer: "This decision has required a great deal of personal reflection, but ultimately I concluded that I have no choice but to leave."
— Chris Mannix (@ChrisMannixSI) June 2, 2014
Schaefer on Golden Boy: "I am proud to remain a shareholder, so I have a strong interest in the continued success of the company."
— Chris Mannix (@ChrisMannixSI) June 2, 2014