Golden Boy CEO Richard Schaefer goes down

Golden Boy Promotions CEO Richard Schaefer is stepping down from the company, severing long ties with long-time partner Oscar De La Hoya. Schaefer co-founded the company with the famed boxer in 2002 but resigned yesterday amid disagreements. “After more than 10 years with Golden Boy, it is time to move on to the next chapter of my career,” Schaefer said in a statement. “This decision has required a great deal of personal reflection, but ultimately I concluded that I have no choice but to leave. I have succeeded in banking and I have succeeded in boxing, and I look forward to the next opportunity.” Under his direction, the company promoted the two largest pay-per-view shows in boxing history.

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