Last Thursday, in Los Angeles, Golden Boy Promotions’ $300 million lawsuit against Al Haymon and Haymon Sports, LLC was dismissed by a federal judge. Two days earlier, in Pasadena, Golden Boy Promotions founder, Oscar De La Hoya, was pulled over by the California Highway Patrol and charged with a DUI after failing a series of field sobriety tests. The fact that the two … [Read more...]
Golden Boy’s Big Book of Fail; Magno’s Monday Rant
It's hardly Golden Boy Promotions' fault that Lucas Matthysse took a full ten-count on his knee last Saturday night against Viktor Postol at the StubHub Center in Carson, California. Nor is it their fault that Matthysse had to take a difficult styles match-up in Postol in order to compete for the vacant WBC belt. But the whole sad sack affair, right down to Matthysse's … [Read more...]
De la Hoya, Schaefer Settle; GBP and Haymon Divvy Up Talent
Saving both time and money, Oscar De la Hoya's Golden Boy Promotions and their former CEO, Richard Shaefer, have come to terms on a settlement to the pending GBP multimillion dollar lawsuit for damages that would negate the necessity for a long, ugly court battle. While financial details of the agreement were not released, an anonymous source, reportedly with first hand … [Read more...]
Oscar, Haymon, and the Wilshire Blvd. Freeze-Out; Magno’s Monday Rant
The outside world is just finding out how close Oscar De la Hoya came to being essentially forced out of his own company. According to an article written by ESPN's Dan Rafael, De la Hoya was approached last September, just eight days into his rehab stint, with a $100 million offer to sell his company to an unknown buyer. The former six-division world champ was in a dark … [Read more...]
How to mishandle a potential superstar: Harrison’s Monday Rant
by Tim Harrison Golden Boy Promotions never had a perfect track record while under the watchful eye of former CEO Richard Schaefer. But since taking over the airwaves at Showtime, Golden Boy has, more often than not, put on quality fight cards. Many of those cards featured Al Haymon clients, who may or may not have been under contract to Golden Boy, according to a lawsuit … [Read more...]