“I Just Don’t Know”: Bob Arum Stays Not sure About Mayweather Promotions After Richard Schaefer Replaces Leonard Ellerbe as CEO

The place is Mayweather Promotions heading? Legendary boxing promoter Bob Arum stays unsure. Simply the opposite day, Leonard Ellerbe stepped down as CEO after a decade-long tenure. In a swift transfer, Floyd Mayweather introduced on social media that former Golden Boy CEO Richard Schaefer, who has beforehand collaborated with Mayweather, has taken over the position.

Ellerbe had held the submit for the higher a part of Mayweather’s boxing profession, so the replace got here as an entire shock. However an excellent greater shock was Schaefer’s return to prominence. Schaefer, who started his profession within the banking sector, labored with Oscar De La Hoya from 2010 to 2016 earlier than starting promotions like Ringstar Sports activities and Probellum with blended outcomes. So, reacting to the information, Arum simply spilled his ideas in an interview with Struggle Hype.

Bob Arum fails to remember any fighter Mayweather Promotions promotes

Since starting his profession as a boxing promoter again in 1966, Bob Arum, a former tax lawyer, has partnered with a number of the sport’s most outstanding figures. He’s orchestrated legendary matchups like Evander Holyfield vs. George Foreman and Sugar Ray Leonard vs. Thomas Hearns. Even at this time, Arum holds a major sway within the boxing world, identified for his authoritative insights. When queried in regards to the latest shifts in higher administration at Mayweather Promotions, Arum’s skilled opinion guarantees priceless insights into the corporate’s future.

Arum stated, “I don’t know how that’s going to work out. I don’t know who Mayweather promotes now. I just don’t know…”

Speculating on whether or not the change would impression collaboration with Mayweather Promotions for a possible combat, Arum asserted that there ought to not be an “impediment” to finalizing the combat. Nonetheless, the pinnacle of Prime Rank additionally emphasised the implausibility of merely stating their intention to cooperate, significantly given the absence of any collaboration up to now 5 years—or probably ever, so far as Arum is conscious.

In the meantime, Floyd’s uncle Jeff Mayweather has supplied his perspective on Leonard Ellerbe’s choice to step down as CEO.

Jeff Mayweather suggests there’s no animosity

With Ellerbe’s swift departure from his place, hypothesis has surged concerning potential discord between Floyd Mayweather and him, significantly in gentle of the corporate’s latest challenges. Including to the intrigue, Mayweather Promotions predominantly includes a roster of rising boxers, amongst whom Curmel Moton stands out as probably the most recognizable, a state of affairs that poses limitations in securing profitable marquee matchups.

Regardless, Jeff informed The Mayweather Channel there aren’t any such points between the duo, moderately “I just think that it was just time for him to move on”. Nevertheless, when questioned by the reporter about whether or not PBC’s affect contributed to Ellerbe’s departure, the veteran coach speculated that PBC might need had a minor position, contemplating Ellerbe’s historical past of working with Al Haymon to rearrange fights. Nonetheless, he steadfastly maintained that regardless of the circumstances, it didn’t bitter relations between Mayweather and Ellerbe.

It’s unsure whether or not Schaefer assuming Ellerbe’s position would appeal to extra expertise and result in important fights throughout the promotion. Nevertheless, one factor stays clear: Mayweather Promotions should considerably elevate their efforts to compete on par with Prime Rank, PBC, and Matchroom. As for whether or not Mayweather Promotions is headed for doom, that conclusion seems untimely and speculative given the unpredictable nature of the boxing business.