In a deal that could shake up the future landscape of boxing, Golden Boy Promotions has settled its lawsuit with former CEO, Richard Schaefer.
De La Hoya wanted to be able to put on the best possible fights, reports said, but felt hamstrung by having to get Haymon’s approval each time he wanted to make a match. Golden Boy will retain the promotional rights to Haymon-advised fighters such as Amir Khan, Lucas Matthysse and Leo Santa Cruz. Golden Boy will also have a deal independent of Haymon with Canelo Alvarez, one of the biggest stars in boxing.
Gone are names such as Adrien Broner and Danny Garcia. Haymon is starting the “Haymon Boxing” series on NBC soon, which could give fight fans another outlet besides HBO and Showtime.
The settlement of the lawsuits bars Schaefer from promoting for a period of time, but the source was not sure how long that period would be.
The move also allows Schaefer to at some point join and run Mayweather promotions once his non-compete benching is over.
