Canelo Alvarez is the reason there is still a Golden Boy Promotions.
When Oscar De La Hoya was dealing with drug and alcohol issues Richard Shaefer took over running the day-to-day operations of Golden Boy. When Oscar cleaned himself up he noticed the fighters who were fighting under Golden Boy Promotions weren’t actually signed to Golden Boy.
He fired Shaefer and accused him of trying to steal the company from right up under him. Most of those fighters like Deontay Wilder, the Charlos and many others went over to the newly formed PBC. It didn’t leave Oscar with much of a stable, the one MARQUEE fighter that didn’t leave was Canelo.
Canelo now says he regrets that decision because Oscar wasn’t loyal to him only to himself and the bottle.
Canelo also tells some wild stories about how his brother was framed for murder and kidnapped before a fight.
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