The second dominoe in the Richard Schaefer exit from Golden Boy Promotions has fallen. ESPN.com is reporting that Floyd Mayweather has dropped the promotional company as his co-promoter.
Mayweather has worked with Golden Boy on a fight-by-fight basis for all of his nine bouts since his 2007 fight against Oscar De La Hoya. Mayweather doesn’t have the best relationship with De La Hoya, and only worked with Golden Boy because of Schaefer.
Mayweather Promotions chief executive Leonard Ellerbe announced on Monday night that Golden Boy would have nothing to do with his September 13 bout against an unnamed opponent.
When asked if Mayweather would work with Golden Boy again without Schaefer, Ellerbe said, “Absolutely not.”
That is a big hit worth millions of dollars to De La Hoya’s company.
“We have a great working relationship with Richard Schaefer and that will never change,” Ellerbe said. “Richard is a good friend and a great businessman and an excellent promoter. Richard will have an impact in anything that he decides to do, a tremendous impact. He built that company from the ground up and did a phenomenal job. We’ve had a very close relationship for a number of years and worked hand-in-hand on a number of great fights.
“Mayweather Promotions will continue to promote Floyd’s fights and Floyd will continue to put on the biggest fights in boxing. I have a tremendous team and staff and we continue to expand year by year and we’re ready to go.”