Blogging mostly about mundane stuff like, immigration, Workers' Compensation and other immigrant related activities.

Sunday, May 07, 2006

De La Hoya and Swiss Banker look to KO Arum and King

De La Hoya unleashed a barrage of shots to knock out Ricardo Mayorga at 1:25 ofthe sixth round Saturday night and capture the WBC super welterweight title.

De La Hoya will now look to towards one last fight before finally retiring from boxing. He looks to face Floyd Mayweather, Jr.,the top pound-for-poundfighter whose father trains De La Hoya. Mayweather, the welterweight champion (147 lbs.) would most likely have come up in weight at 154-pounds to face De La Hoya in what would be arguably one of the biggest paydays for both fighters.

Win or lose De La Hoya will exit boxing as one of its most charismatic and entertaining boxer in the sport. Whatever the outcome don't be surprised if De La Hoya ends up signing Mayweather tos his increasing stable of boxers at Golden Boy Promotions which now numbers over 40 fighters including Bernard Hopkins, Marco Antonio Barrera and Sugar Shane Mosley.

De La Hoya hired Richard Schaefer, a banker, Swiss born and Swiss reared and former managing director and deputy executive officer of UBS, the global financial services company based in Zurich. The New York Times published an article on Shaefer here.

As dominant boxing promoters Bob Arum and Don King face retirement, both are in their 70's, an opportunity opens for a more corporate entity to enter the fray. De La Hoya looks to bring a more transparency and accountabilty to the sport of boxing. Those moves are likely to attract more corporate sponsorship and distance the sport from its seedy side that is often associated with Don King.

In 2003 Golden Boy Promotions brought in revenue of 5 Million and that figure is now an estimated 100 million.

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