Hours after Richard Schaefer resigned as chief executive of Golden Boy Promotions on Monday (June 1), Floyd Mayweather Jr. severed ties with the company, reports ESPN.
The boxing superstar worked with Golden Boy, on a fight-by-fight basis, for his past nine fights. During his stint with the promotions company, he only worked with Golden Boy because of Schaefer. Mayweather and De La Hoya do not like each other.
“We have a great working relationship with Richard Schaefer and that will never change,” said Mayweather Promotions chief executive Leonard Ellerbe. “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.”