Tag Archives: richard schaefer

Bob Arum vs Al Haymon~Who You Got?

The Skinny: Top Rank Boxing through the direction of former US Department of Justice Attorney and long time boxing promoter, Bob Arum, filed a $100 million lawsuit last year in the U.S. District Court in Los Angeles on the basis of Al Haymon’s monopolistic PBC series that violated federal antitrust laws and the Muhammad Ali Boxing Reform Act. Haymon, financed through an investment hedge fund, basically bought out most all the boxing programing  of the television networks, in effect leaving the rest of boxing promoters pretty much high and dry in making their own TV deals. Golden Boy Promotions was the first to file suit that is still pending for a much greater sum due to greater damages, a staggering $300 million.

The Blow by Blow

The Blow by Blow

It seems Haymon recently settled with Arum out of court a couple of weeks ago according to latest media releases, but what this means for boxing’s shaky future is unknown. Boxing futures today as seen by young kids and their parents are pretty much a no go investment, this after a long storied era in the US where boxing was the “go to” sport and part of the amateur athletic competition of  higher education along side baseball, football, ect. That status started dying somewhere between the 1950s and 60s when boxing finally started falling out of favor with the public due to the long time mob influence in pro boxing and general exploitation of fighters. In other words, the educated classes no longer saw a future need for boxing with it’s subsequent punch drunkeness, so they largely abandoned it.

Needless to say, this recent settlement sees the litigants sworn to silence regarding the terms, but I’d guess Arum netted $20-30 million along with in number of concessions regarding the way boxing business will go forward.

The much bigger hurdle for Haymon is still in the queue, and it’s a doozy with Oscar De La Hoya of Golden Boy still waiting for his pound of flesh after Haymon colluded with former Golden Boy CEO, Richard Schaefer, to gut the company from within, taking away most all his fighters. Schaefer has settled with GB out of court already, so now it’s just Haymon still swimming in shark infested waters as GB and Haymon’s investment fund are looking for compensatory justice in the civil courts.

Boxing will survive no doubt, but it’s just a matter to what degree. It would seemingly be in it’s twilight years by the large decline in the numbers of participants, both amateur and pro, but that could change with a better, more productive business model that wasn’t filled with so much skulduggery…

…And the beat goes on…

Boxing Dies on Vine, Gushes Greed Over Pacquiao vs Mayweather

How boxing stuff works: Half a decade later after the fight has lost all primacy from when it was first scheduled back in March 13th, 2010. The Hayman/Golden Boy News of the Ring World orifices immediately gushed forth in gratuitous greed over the stupendous money the freshly minted Manny Pacquiao vs Floyd Mayweather event will generate for boxing’s trickledown economy. The event is ominously scheduled at the MGM Floyd for the Cinco de Mayo Mexican holiday, May 2nd.

Or at least that’s the new schedule, of what, version 4.0 of the fight that never was that insiders in the know have previously provided us. As the great humorist Will Rogers was often want to remind his audience, “I only know what I read in the papers.” As that applies here, there are an endless barrage of projected fights and cancellations that boxing undergoes every year as we, the unwashed, non-insider rubes are left to muse over the reasons for these scattershot mispronouncements. There is almost nothing in the queue to replace the current approaching age 40 fighters, Ring and Boxrec P4P rated:

1. Floyd Mayweather

2. Wlad Klitschko

3. Manny Pacquiao

All are the biggest purse generators of their generation. There is nobody in the waiting to replace them save possibly the 24 year old Canelo Alvarez who barely has any more opponents to fight, even if he ups to the middleweight division.

Assuming the face value in this instance of what the boxing media is telling us, the sheer unmitigated greed of boxing stands out like a grotesquely ugly edifice, a monumental gravestone to a sport dying on the vine thanks a lack of promotional foresight these past 20 years. When the fight was first proposed both fighters were in their primes, but now Floyd will be a shopworn 38 and Manny 36, and Manny can’t even be said to be a full time fighter since being elected to the Filipino congress some 5 years ago.

The fight would have sold itself back then it was so hot and provided a tremendous boost to the ever dwindling competitive profile of boxing, but now the fight has regressed to another dreary, climate controlled, small hall, canned Floyd fight, his 11th straight such fight in 8 years now at inflated PPV prices, $90-100 for this dumbed down version of what could have been a Fight of the Millennium. Make no mistake, the original outdoor, multicasino supported spectacle with specially built grandstands holding 40,000 rabid fans as envisioned by Bob Arum would have made the fabled, frenzied Ali/Frazier Fight of the Century in 1971 look like a church social.

The Best Evah in Caricature

The Best Evah in Caricature

Arum’s vision for Floyd was always too much, hence their long played out acrimonious divorce, but now Floyd has the last word, or does he? Even a dumbed down fight of this magnitude will have a huge undercard that takes place before official ring hostilities begin. The undercard in no particular order:

Promoters- Interlopers Oscar de la Hoya and Floyd Mayweather allied with stealth bunkered promoter Al Hayman and Richard Schaefer vs HOF legend Bob Arum who made Oscar and Floyd the huge names they became by savvy development. On paper Arum looks to be the B side promoter for the first time in many decades, but make no mistake, the wily Arum knows where the dead bodies are buried and where the hidden buttons are and when to push them. There was speculation that he influenced the initial losing split decision to Timothy Bradley so as to make Pacquiao seem more vulnerable, thus making Floyd brave enough to cross that terrible risk threshold for the big reward. It didn’t work and then Manny suffered a legit setback with the KO loss to Juan Manuel Marquez which pushed the fight further back. My speculation is that all those Macao shows Arum has been putting on has given him cozy contacts with various big Macao players who greased the skids with “the means” to make this fight even more financially lucrative than the Floyd side, but we’ll likely never know anymore than the officially released purse numbers, gate, and PPV numbers.

Venue-MGM Floyd vs Macao- As international gamblers flock to these gambling meccas to indulge their most depraved perversions and braggadocio, it’s foretelling to the future of boxing how the gambling action is likely to be bigger in Macao than in Vegas where the fight actually takes place, a preview of future Asian/USA political developments.

Trainers vs Trainer- Floyd Mayweather Sr and Roger Mayweather, after previously running scared from the specter of Freddie Roach, a future HOFer and one of the best in history, are now forced to man up in the pressers against a little guy who still battles for his life everyday because of his Parkinsons. Freddie goes in as favorite having already beaten Floyd Sr when Manny knocked out Ricky Hatton in a spectacular fight.

Showtime vs HBO- The true neverending cable story, so call this a baited breath draw as competing hot gaseous announcers blow out enough noxious vapors out their shorts to greatly accelerate global warming to a critical state, perhaps asphyxiating a few tiny nations.

Anti-social misanthrope vs anti-social misanthrope- Turning the internet forums a dribbling stinking brown with some of the nastiest stuff ever seen emanating from where the sun don’t shine.

Floyd opens as a slight favorite with the bookies, but Manny is currently running away with the Hayman/Golden Boy News of the Ring World poll where Manny is favored by either 40.52% to win by KO or 23.98% to win by decision in 8631 votes, so obviously things ain’t all what they seem in this mega money bout.

Glove Gate II~Mayhem Mayweather & Chino Maidana Roll Dice Again

Their previous Cinco de Mayo dustup at the MGM Grand in Las Vegas produced such an unexpected spectacle of Marcos Maidana unloading his arsenal on Floyd Mayweather frozen on the ropes that the suits look to roll their loaded dice again with more of the same. Mayweather has adopted a new moniker of Mayhem, presumably the first shot of the payback he expects to extract from Chino this next Mexican Independence Day weekend, Saturday, September 13th.

It must be said that Mayweather absorbed the kind of beating that few thought he would ever take again after Jose Luis Castillo savaged him in their first go round. Looking back over his career, Mayweather has suffered only one recorded knockdown, perhaps more remarkable than his undefeated record that has taken on a canned quality these past 7 years at his personal mint, the MGM Grand in Vegas. Then again, another look reveals that he never faced any prime slugger types after moving up from lightweight until just this year, so he was quite fortunate in his matchmaking.

Combined with the mighty push and pull of his manager Al Haymon, he had the power to threaten to cancel the first fight against Maidana when Team Mayweather wouldn’t approve Maidana’s custom Mexican Everlast boxing gloves and then turned down the NSAC approved Everlast replacements. The big money backing Mayweather is claimed to have finally put up the funds to pay Chino another couple of million more on top of his 1.5 million dollar purse to wear some Mayweather approved pillows so the promotion wouldn’t go bust with a cancelled main event.

The GloveGate Affair

The GloveGate Affair

Hmmm, faced with a fight cancellation of his biggest fight and largest purse ever or to more than double his net take for punching with pillows, well now, it’s easy to see how a po’boy from Argentina was gonna swing on this and who wouldn’t?

The finances and organization of this fight were supposed to be quite different this time around after long time Golden Boy CEO Richard Schaefer and Floyd Mayweather announced their acrimonious departure from GB. Yet after playing Barclays in Brooklyn off the MGM Grand in Vegas, Mayweather decided to eat the lucrative crow and crawled back to Golden Boy as he’s done in the past for more of the same. His word has never been his bond, money is his bondage. Could it also be that Schaefer has reset in Haymon’s underground Vegas bunker to again pull the strings of the finances for this fight on a contract basis now?

Subterfuge may rule the day in any Mayweather promotion, but years from now after the fetid stains of marketing greed will have washed away, it will become more apparent just how financially orchestrated these many years at the MGM have been for Mayweather. Nine fights  over 7 years starting with a highly disputed split decision over Oscar de la Hoya before ending with two consecutive majority wins over Canelo Alvarez and Marcos Maidana paying him out some $250 million, that’s a quarter billion in shorthand folks. The fight numbers and tepid fights vs the revenue numbers could never add up in previous generations, but then again this ain’t your great grandpappy’s generation with the US gu’mint printing money like there’s no tomorrow.

So, how does a rare Mayweather rematch go?

***I was finished with this part of the preview by the time the Nevada State Athletic Commission surprisingly announced the referee and judges well in advance, so I decided to leave it unedited as it shows the canned predictability of how making a Mayweather fight has been. Kenny Bayless was selected as ref with Dave Moretti of Las Vegas, Guido Cavalleri of Italy and John McKaie of New York the judges. Cavalleri is the wild card here***

***Maidana got a surprisingly equitable performance out of referee Tony Weeks who’s only sin was allowing Mayweather to keep Maidana locked up for extra precious seconds after ordering and attempting to break them. Weeks may never be invited back for another Mayweather fight, so look for his longtime concierge, Kenny Bayless, or alternately Robert Byrd, currently being groomed for the position after the infamous Joe Cortez retired. To wit: “But the referee had a bad night last time. We forgive him but this is going to be a much cleaner fight. None of those dirty rabbit punches or elbows.”

Mayweather’s preferred judges are Dave Moretti , Jerry Roth, and Burt A. Clements based on their wide Mayweather scoring and substantial appearances in all of his consecutive 7 years of MGM Grand events, so look for at least one or perhaps even all for his strategically important 10th straight Mexican Holiday MGM Grand fight also.***

In the first Maidana fight Mayweather was easily trapped on the ropes much like the Jose Luis Castillo and Oscar De La Hoya fights where he was faced with bigger, stronger opponents who went hard after him. Maidana is not naturally bigger or stronger than him though, but he is a prime aged unrepentant slugger who got on top early and smothered him in brutalizing punches that likely took away his legs early and fuzzed his thinking. I’d imagine Floyd won’t risk being “Bronerized” again and goes on the run for ye aulde stink and move routine similar to his Robert Guerrero style. Guerrero had beaten up his pal Andre Berto in a toe to toe classic that Mayweather wisely didn’t fancy to reprise.

Mayweather made a big stink about Maidana’s “dirty” fighting which is really rich given the dirty history of his own fights with regards to razor sharp elbows, hitting on the break and sucker punching moves that he has always been allowed. Against Canelo in the early going he introduced the patented Bernard Hopkins upperbutt and a rather amateurish form of lacing Canelo’s eye that resulted in Canelo being warned by Kenny Bayless, the typical fight template in the early rounds that keeps Mayweather opponents off balance as they have to worry more about the ref instead of fighting Mayweather.  Vic Drakulich recently DQed Diego Chavez as he was lacing the face of Brandon Rios in another Vegas fight if you want to see how stuff like that can work out in a more equitable environment.

With Mayweather’s style of twisting into pretzel like forms and often compressing himself illegally below the beltline, it was inevitable that some of Maidana’s  voluminous punches would stray low or behind the noggin since that’s where the target areas relocated for him to wing his punches at. Mayweather sometimes illegally shows his back when boxing defensively and turns his noggin away, so no wonder he got a few rabbits thrown his way. There were no point deductions for the infractions that Mayweather claims, so Tony Weeks amazingly gave Maidana a green light to go after Mayweather, after all, Maidana was considered a lowly 12-1 underdog and stood no chance according to Haymon News of the Ring World experts and the Mayweather nation. More interesting was the utter lack of protest after the draw was scored by a new Mayweather judge picked to replace the previous C.J. Ross draw score, Michael Pernick.

So for the 2nd fight in a row the judges failed to see the full measure of the wondrous wizardry of Floyd Mayweather as the self emasculated Mayweather nation may be withering on his PPV vine. Drunken punch monkey stats claim they landed about the same number of punches, but it’s self evident that Maidana punches much harder than Mayweather and he was throwing hundreds more punches that were “blocked” on shoulders and arms that Mayweather was credited with good defense for, yet probably couldn’t get out of bed the next day. Mayweather was pummeled as hard as Sugar Ray Leonard was in his first loss to Roberto Duran, but that fight was held in neutral Montreal, not on Leonard’s personal playgrounds where Duran could never cop that kind of decision.

The buffet grazing herd mentality of the “fighting” press was such that precious few gave Maidana much credit at all. I’m certainly no fan of Sugar Ray Leonard, but it was easy to see the incredible talent, heart, and desire he had before his first retirement and I’ve never seen anything close to that in the Mayweather career. My fighters of that era were Roberto Duran, Tommy Hearns, and most especially the no quarter asked nor given Marvin Hagler who saved his savagery for inside the ring and civilized demeaner for outside the ring. I could witness awe inspiring greatness in the making in that era that I simply fail to see in Mayweather fights. We can however count the staggering sums of money he has claimed with a style that even his substantial fan base admit is boring, eking out spare tap-tap hometown scored incremental rounds one extra tap per round to his benefit.

Save for the substantial endurance needed to throw so many power punches, their last fight was one of the easiest Maidana fights for him as far as punishment taken and he will have an extra week to train this go round. Additionally he has sacked his physical trainer, Alex Ariza who’s philosophy of artificially swelling up his fighters after the weigh in with huge weight gains may have compromised the stamina of the small framed Maidana who is no great shakes as a physical specimen.

Ripped & Ready vs Rounded & Rowdy

Ripped & Ready vs Rounded & Rowdy

Sure, Mayweather has a superior defense and few look good against him because of his spoiling instincts and painstaking matchmaking, but conversely he could never win these hometown tap-tap type fights in Thailand where the 19 year old Manny Pacquiao utterly pulverized the highly regarded Chatchai Sasakul for his first title. Wladimir Klitschko only recently traveled to what is a literally the Ukrainian “enemy state” of Russia amidst their tragic border war to take on their undefeated champion Alexander Povetkin, an Olympic superheavyweight gold medalist who had never once been knocked off his feet, ama or pros. Wladimir blasted poor Povetkin to the canvas 4x and otherwise pounded and threw him around and down in a near shutout. Roy Jones may not have been an international fighter in his prime, but he fought brilliantly across the country in a host of venues, often dominating in his opponent’s home environs, but how quickly folks have forgotten that Roy Jones truly was self promoted and really did call his own shots to take his show to the people.

That Mayweather has offered to match Maidana’s entire purse in a bet over who wins the rematch is the last refuge of the unrepentant scoundrel by asking others to risk everything while he risks very little in return. He has always had unprecedented money and power backing his entire pro career, so we’ll see soon enough what transpires in this supposed Golden Boy reorganization that has already reverted in part back to the same ol’, same ol’ as before. Maidana trainer Robert Garcia called his bluff when he offered back a “winner take all” wager, a much riskier proposition that Mayweather ignored and rightly so if he wants his guaranteed purse.

Oh, and let us not forget the divine ruling from above passed on down to us peons by WBC El Presidente For Life Sulaiman Jr. The WBC welterweight and junior middleweight belts will be on the line as well as the WBA Superduper Welter title. There are no words to describe such infinite largess though perhaps the endowment of the WBC interim heavyweight belt might be a start, but let us the fans not get too greedy over these goodies that have been provided.

Whoops, almost slipped by that Mayweather has now been spotted working out with ex-Pacquiao and ex-Maidana trainer Alex Ariza who seems to be available these days as both mercenary trainer and informer as he floats on a fight to fight basis as his destiny intermingles with that of Mayweather’s.

In the middle of all this internal and external chaos, Mayweather was immediately granted his Nevada’s promoter’s license upon application with no background questions about his finances, criminal record, or alleged failed drug tests if you want to see how Nevada works for him. He was even praised for being a wonderful role model, I kid you not.

I don’t make this stuff up folks, “it” happens in Nevada all the time.

And speaking of it, Mayweather sure stirred up a big pot of it when he made his drug accusations and demanded Olympic drug testing for the rest of his fights that he has never actually undergone. Nor has he or any of his team ever addressed insider allegations of his own failed drug tests nor have they addressed why his own stable of fighters have failed the standard drug tests that he wants to abolish.

http://www.maxboxing.com/news/max-boxing-news/the-ped-mess-part-one

Will the Floyd Mayweather Jr legacy be further feathered out as Showtime nurses him along to the Rocky record of 49-0 or will Marcos Maidana be the straw that finally breaks the Mayweather jackpot? The highly protected undefeated touted fighters of the Team Mayweather stable have recently been spectacularly knocked out left and right as signs of decline seem to be lining up in the stars in advance of the Maidana rematch.

And perhaps prophetically thus spake TBE:

“Let me step back so y’all can check my swag. The diamond Gucci belt, it’s official. The Dita glasses, it’s official. The diamonds are always flawless. The style is always flashy. Check the Forbes list. It’s all about “Money May” all day. Let me step back so y’all can check my swag. Get your cameras out and take a picture!!! This is gonna be the last time y’all see a champion like this.”

The Best Ever prophecy?

 

Canelo Alvarez To Resurrect Golden Boy?

After beating “los burritos de perros” out of Alfredo Angulo and then turning Erislady Lara into the post fight presser joke, Canelo Alvarez must have liked the hearty responses to his fight performance and punchlines and now looks to add a few more combos on the Lara noggin come Saturday, July 12th at the MGM Grand in Las Vegas. This Canelo “event” will headline another modest  Showtime Pay Per View attempt as his Golden Boy combine moves to build him into boxing’s replacement PPV cash cow after the recent Mayweather exit.

The 31 year old Lara is one of the dozens “may or may not be” Golden Boy fighters who are now advised, re: managed and promoted by boxing’s stealthiest Wizard, the forever lurking behind the curtains in the dark shadows of the dimmest light, the daylight, nightlight, and always brightlight avoiding Al Haymon. The southpaw Cuban, 19-1-2, 12 KO, was a touted amateur star who managed to “defect” twice before he was able to make his pro career debut in Turkey and now has been “advised” into the interim WBA World light middleweight title whilst fighting out of the United States to the sparest  acclaim imaginable.

The big shakeup at Goldenboy Promotions when honcho Richard Schaefer resigned after a long time dispute with head honcho Oscar De La Hoya and Top Rank head honcho Bob Arum will have their impact on this fight. Schaefer is closely aligned with Al Haymon and was the front and center force in getting this fight signed and off to an early promotional start. What the full repercussions of this seismic promotional upheaval and the future Golden Boy/Haymon related fights may still be unknown, but they’re out there waiting to pounce for better or worse when their time is ripe.

Canelo~Golden Boy Post Rehab~The American Dream

This will be waged as 12-round non-title bout at a “catchweight” between 153-155 pounds to give the ever growing Alvarez a chance to ease into the middleweight division as he did with his last fight against Afredo Angulo at 155 lbs. The soon to be 24 year old Alvarez eased into the junior middleweight division from the welter division in the same manner to great success, success that Lara has been desperate to trump via vehement twitter challenges that have finally brought him this fight, so what are his chances?

Truth be told, Lara’s performance against top fighters has been lucky at best. His best showing was his last against former WBA champ Austin Trout who must be wondering where it all went wrong after back to back knockdown, decision losses to Alvarez and then Lara. Before that Lara looked not long for this world after Alfredo Angulo cracked open his eggshell chin and spaghettied his drumstick pins into chicken cassiatore before being suddenly being suddenly derailed by an alien soft tissue softball popping up over his eye. There was also Lara’s weak spoiling efforts against Paul Williams where he showed he was a great fighter for 30 seconds of every round, giving away the other two and a half minutes with a gold medal worthy track meet performance that had me thinking he was in the wrong sport. Then hows about his droopingly dreary drawers…err…draws against contenders Vanes Martirosyan and Carlos Molina that put him in the same class as nobody special that fewer still even care to remember him by?

There are no big money fighters available now for Alvarez in the 154 division which is currently as weak as a litter of newborn kittens, so why they are handicapping his marketability by making this a PPV probably has it’s roots in unreasonable promotional greed. The biggest Alvarez fights may be already mapped out against newly resurgent Miguel Cotto and Manny Pacquiao now that Golden Boy looks to be working with Top Rank. Those are huge PPV numbers and fights worthy enough to draw in the general public for a spectacle, so in the interim Golden Boy needs to keep his PPV bandwagon on the move.

Lara has long fantasized about crashing their party for another chance to redeem his “American Dream” moniker, his biggest fight ever to prove he can do more than just pose as a touted Cuban amateur talent, but he has to improve substantially if he is ever to reach the potential that his few vehement fans insist on seeing in him. That’s a big unknown to be going against a professional fighter who worked his way through the boxing ranks old school Mexican style before signing with Golden Boy as an 18 year old phenom, currently 43-1-1, 31 KO, more than double the career of Lara. Two more contrasting careers and personalities cannot be be found in boxing even if their boxing instincts almost guarantee a fairly dull bout of natural counterpunchers attempting to counter-counterpunch each other on top of Lara also being runner.

Scratch Alvarez hard enough though and his caged Mexican fighter instincts get unleashed, something the rather meek and mild Lara is not likely to arouse unless he unveils a more aggressive style that might make this PPV worthy. Given the recent failures of his fellow defector Cubanos Odlanier Solis and Yuri Gamboa, the pressure is building on Lara like never before, so how will he respond?

Another intriguing question: How many strings does Al Haymon have left to pull after the big shakeup at Golden Boy?

When Alvarez went against Mayweather, De La Hoya cracked under the heat and ducked out on his fighter to check into isolated drug rehab, thus leaving Canelo without protection from the officiating manipulations of the sharks who run boxing. While few are praying for Lara to be the new hope in boxing, this fight has decision stamped all over it and boxing has lost faith with the public over their Three Blind Mice white stick scoring system. We can only await awash in baited breath for their next preordained travesty.

The supporting undercard is also rather meek and mild with Juanma Lopez being the single unrepentant slugger of any note on the promotion. No spectacular Mexican holiday fireworks extravaganza this, so best be caught up on your sleep and modest in your weekend beverage intake to perhaps appreciate the finer technical maneuverings that might reveal themselves in the course of their deliberate dickerings over who shall be the finest boxer on the night…oh mirror, mirror in the ring, who’s the prettiest in his bling?

Locked & Loaded @155lbs X 2

Locked & Loaded @155lbs X 2

Boxing Enters Dead Zone Until July~Say Bye Bye To Swiss Pie, Richard Schaefer.

 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.

Bad Marriage

Bad Marriage

 

 

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.

The Logo

The Logo

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!”

Emperor of Money Wears No Clothes as American Boxing Fears It’s Future

My, my, where to start over the latest Floyd Mayweather Jr travesty in boxing after his limp wristed showing against Argentine slugger Marcos Maidana?

The official results were officially another win for Mayweather, ominously by his 2nd straight Majority decision where yet again one judge “failed” to see his self proclaimed boxing genius. The self emasculated Mayweather Nation seemingly hasn’t the cajones left to protest this slur on their propped up popcorn hero as they did in the Canelo majority decision that ultimately resulted in a shakeup at the top of the Nevada State Athletic Association. In other words, out with the old faces and in with the new faces with the same old gaming agenda, majority draws being good business for bookies servicing the vast network of Mayweather fans who counted on Floyd racking up unanimous decisions as easily as he rolls out of bed.

Or so it used to be.

Instead, “He got old overnight, he’s got no stamina, he’s got no legs left,” and other stock in the trade descriptors flashed across the screen as Mayweather did indeed show a capacity to absorb a considerable pounding by Maidana who never gave Mayweather more than 30 seconds of rest time.

The poor boy slugger from Argentine who could only command a reported $1.5 million of the $35 million purse went after Mayweather like a two fisted pitbull to maul him repeatedly anywhere Mayweather was caught, even bulling him Luis Firpo style through the ropes and almost out of the ring late in the fight. The few moments Mayweather had were while Maidana was pacing himself as he anticipated the opening of another attack and Maidana in those moments looked like something of a defensive genius as he ducked and was otherwise often out of range of Mayweather’s efforts that had a desperate feel to them in the latter stages of the fight.

Mayweather knew he was gittin’ whooped by the 12-1 underdog and had no plan B to fall back on.

Naturally the judges propped up Mayweather yet again to move him along to what appears to be the end goal of “matching” Rocky Marciano’s 49-0 record no matter that Mayweather can no longer bruise a grape with his china hands and can’t keep pressing sluggers off him not that he was ever able to keep JLCastillo or Miguel Cotto off of him.

Facts are the end American boxing as we know it today seems near if the recent rumblings of the imminent separation of Golden Boy Promotions big wheels Al Haymon and Richard Schaefer  from the corporate body play out. They seemingly are unofficially operating their own promotional company.

If boxing has a plan B for when Mayweather or Pacquiao are soon to retire their mega-lucrative ring appearances in Las Vegas, nobody can see it. There are zero star fighters left with that kind of drawing power, and as plain talkin’ Bob Arum recently noted, MGM Grand is struggling to make payments on it’s debts much less turn a profit not that the financial woes of Las Vegas are any secret since the $26 trillion dollar financial derivatives real estate fraud gutted the American, indeed the world economy back in 2008.

Might be boxing could take a page out of Top Rank’s book for the slow boat to China as the Chinese develop their boxing history and start to control the belts with their own ratings and hometown decisions of the big events.

Maybe, just maybe there’s a young American kid with discipline, dynamite in his fists, and granite in his jaw in America that could put boxing back on the front page in this country.

Just nobody knows who he is yet or even if he exists though the promoters will be trying to tell us their latest boy-genius is the messiah. Such is the current state of American boxing.