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Richard Schaefer Says Golden Boy Has No Problem With 50 Cent Promoting Boxing

Richard Schaefer is trying to ease any tension between Oscar De La Hoya and 50 Cent. (Photo by Ned Dishman/Getty Images)
Richard Schaefer is trying to ease any tension between Oscar De La Hoya and 50 Cent. (Photo by Ned Dishman/Getty Images)
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Scott Christ is the managing editor of Bad Left Hook and has been covering boxing for SB Nation since 2006.

Richard Schaefer, the CEO of Golden Boy Promotions, is attempting to quiet the storm a bit after Curtis "50 Cent" Jackson ripped into Oscar De La Hoya last night on Twitter.

Schaefer has never been afraid to speak his own mind in the past, but he's also routinely served as a neutral party when Oscar has gotten himself into verbal scuffles. He says there's no problem between Golden Boy and 50 Cent, whose new TMT Promotions is set to get moving in the boxing world.

In fact, Schaefer says they turned down the idea of signing Yuriorkis Gamboa out of respect for 50, and that he considers the rapper-actor-celebrity a friend.

"I think it's terrific for 50 Cent to get involved in boxing, because he brings a different audience, the hip-hop world and so on, to this sport. I think it's terrific. I certainly wish him good luck. We know each other, we respect each other. I like him and he likes me...whenever we're together. I wish him good luck. This is great for boxing."

... "There have been certain people that reached out to us about Gamboa and I said 'no, I'm interested in signing the guy, he's with my friend 50." We're not going to go do that [to 50]."

50 has been linked to both Gamboa and Andre Dirrell, both known friends of the Mayweather camp. Unlike "Mayweather Promotions," though, 50's company actually has a license to promote in New York, and soon will in Nevada as well, if their application there goes through as expected. So it's a different game right now.

50 did mention an intention to promote Mayweather's future fights, which could squeeze Golden Boy out. The company currently works with Mayweather for a flat fee, since they have a license to promote and Mayweather doesn't. This could get pretty interesting by the end of the year, or it could fizzle into nothing. Where's your money?

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