Schaefer departs in shakeup
OSCAR De La Hoya’s main partner in Golden Boy Promotions is leaving the company because of a dispute that involves rival promoter Bob Arum and Floyd Mayweather Jr. Schaefer’s exit comes after months of speculation over a battle raging with De La Hoya over the future of Golden Boy. Schaefer has served as the de facto promoter for Mayweather for several years, and is widely expected to be involved in future Mayweather fights. De La Hoya said last month he had reconciled with Arum.
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