Boxing officially enters a summer “dead zone” with the recent completion of Miguel Cotto’s signature win over Sergio Martinez. Certainly the hard core fan can still see plenty of good fights featuring top fighters most every week, but there are no more “Big” Fights” until July. That’s when Canelo Alvarez fights Erislady Lara in an exploratory Vegas MGM Grand PPV and Tyson Fury rematches Derek Chisora in a big stadium fight to be held in Manchester, England. Often the general fan’s schedule is unable to make time for these summertime blues “dead zone” fights, and I won’t be writing about them, so the question gets begged before the stifling summer ennui sets in: What of Golden Boy Promotions CEO Richard Schaefer’s recent adversarial departure from his long time gig at Golden Boy? Alvarez vs Lara was his last creation as it were and he won’t be around to massage the final details.
Oh for sure, the “boxing expert” world is agaga over what the impact will be not to mention all the anti-social media monkeys over flowing their shorts with competing befouled projectile offerings of what the former Swiss Banker Schaefer and the rest of his boxing crew does next.
Myself? Neither boxing expert, boxing insider, nor fly on the wall of Richard Schaefer am I, but I can guarantee a big shakeup in the boxing world that’s been a long time coming. This arcane 17th century sport looks to be setting up a scramble for big international dollars as boxing is being developed in the Asian markets as it wanes in the American market. The European market seems to be holding with the Brits and Germans hanging in there as Russia is gaining traction to pull even with them.
So Golden Boy is conclusively split up with Floyd Mayweather Jr also announcing he’s exiting the ranks. And mum’s always the password at the Al Haymon underground boxing works buried somewhere deep down in a former Howard Hughes bunker in Las Vegas, still stocked with thousands of rows of kleenex box slippers ready to be shuffled around in me thinks. Schaefer has given no indication of what capacity he might continue in boxing, but if he does he will have to start from scratch and get to working with as many promoters not named Golden Boy or Top Rank if he is to continue his adversarial relations with Oscar de la Hoya and Bob Arum even as he is still a shareholder in Golden Boy.
And where do the Showtime contractual obligations land?
Another sticking point is the many Golden Boy fighters also signed with Al Haymon. Word is many of those fighters don’t actually have a contract with Golden Boy and may no longer be promoted by them, not the least of which is Floyd Mayweather who has his big Mexican Holiday set for his 10th consecutive appearance at the MGM Grand in Las Vegas for September 13th. That would be vs TBA, of course with a TBA vs TBA supporting undercard. Sticky Mayweather negotiations are typically settled at the last minute, but now they may be stickier and more unsettled than usual. His promotional company supposedly lacks a license to officially do business, but no problems when he was aligned with Golden Boy. Just slap his logo up on all the promotional banners and and reap the extra profits.
Somebody somewhere running some connected responsible promotional entity has to come up with those monstrous 30 and 40 million dollar guarantees that Mayweather has enjoyed, but by whom and by what means will that be accomplished?
Stay tuned for the gold rush crush as everyone and his aunt and sister stake a claim as lawsuits whizz by like bullets in an OK Corral Shootout. It may not be pretty, but sure as shootin’, “It’s Boxing!”