Floyd Mayweather Jr. made a big announcement on Thursday, revealing that Leonard Ellerbe has stepped down as CEO of Mayweather Promotions. Ellerbe will be replaced by Richard Schaefer, the former CEO of Golden Boy Promotions. While rumors had been circulating about Ellerbe’s departure, the news still came as a surprise to many.
Schaefer, who has previously worked with boxing legend Oscar De La Hoya, is no stranger to the world of boxing promotion. He has a strong relationship with Mayweather, having worked on many of the fighter’s biggest bouts. Schaefer praised Mayweather’s influence both inside and outside of the ring, highlighting the boxer’s massive global following on social media.
One of the key aspects that Schaefer is looking forward to is combining his business expertise with Mayweather’s eye for talent. Schaefer believes that Mayweather has a unique ability to identify promising young fighters and help them reach their full potential. This focus on developing young talent is something that Schaefer sees as crucial for the future of boxing.
In addition to his new role at Mayweather Promotions, Schaefer is excited about the direction that boxing is heading in general. He envisions collaborating with influential figures like Turki Alalshikh from Saudi Arabia to create new opportunities for fighters and attract a broader audience to the sport. Schaefer believes that these partnerships will not only benefit individual fighters but also help elevate the sport of boxing as a whole.
Overall, Schaefer’s appointment as CEO of Mayweather Promotions marks a new chapter for the organization. With his extensive experience in the boxing world and his ambitious vision for the future, Schaefer is poised to lead Mayweather Promotions to even greater success in the years to come.
