Floyd Mayweather Jr., the undisputed king of boxing, has parted ways with Golden Boy Promotions, following the resignation of former CEO Richard Schaefer, according to ESPN, leaving Oscar De La Hoya and Co. with a huge void going forward.
From Mayweather Promotions CEO Lloyd Ellerbe:
"We have a great working relationship with Richard Schaefer and that will never change. Richard is a good friend and a great businessman and an excellent promoter. Richard will have an impact in anything that he decides to do, a tremendous impact. He built that company from the ground up and did a phenomenal job. We've had a very close relationship for a number of years and worked hand-in-hand on a number of great fights. Mayweather Promotions will continue to promote Floyd's fights and Floyd will continue to put on the biggest fights in boxing. I have a tremendous team and staff and we continue to expand year by year and we're ready to go."
Golden Boy Promotions had no comment.
Mayweather is fresh off a decision win over Marcos Maidana and will make is next Showtime pay-per-view (PPV) title defense this September against an opponent to be named. Unless, of course, he prefers to continue his fighting inside the local Fatburger.