After months of speculation on the Golden Rift, Richard Schaefer is out as the CEO of Golden Boy Promotions.
In a statement he released to the media, Schaefer stated, “After more than ten years with Golden Boy, it is time to move on to the next chapter of my career. This decision has required a great deal of personal reflection, but ultimately I have 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. I am proud to remain a shareholder, so I have a strong interest in the continued success of the company. I am proud of what we have accomplished at Golden Boy, but I now look forward to new challenges.”
What could those new challenges be? Will Schaefer team up with Haymon? What does this mean for Floyd Mayweather’s next fight? What will become of Golden Boy? A lot of questions to be answered and issues to be sorted out. Does this mean the end of the cold war or just the start of another one?
Whatever it means, the next few months in the sport of boxing will be rather interesting.