Schaeffer Resigns From Golden Boy CEO Position

STATEMENT FROM RICHARD SCHAEFER "After more than ten years with Golden Boy, it is time to move on to the next chapter of my career. This decision has required a great deal of personal reflection, but ultimately I concluded that I have no choice but to leave. I have succeeded in banking and I have succeeded in boxing, and I look forward to the next opportunity. I am proud to remain a shareholder, so I have a strong interest in the continued success of the company. I am proud of what we have accomplished at Golden Boy, but I now look forward to new challenges."

FLOYD "MONEY" MAYWEATHER OPENING PRESS CONFERENCE QUOTES FROM MGM GRAND IN LAS VEGAS

10-Time World Champion Faces Marcos "El Chino" Maidana In Welterweight World Title Unification Saturday, May 3, on SHOWTIME PPV®  At MGM Grand Garden Arena; Tickets on Sale Now   Click HERE To Download Photos Photo Credit: Ed Mulholland/Golden Boy Promotions   LAS VEGAS (March 8, 2014) - Boxing superstar and 10-Time World Champion Floyd "Money" Mayweather (45-0, 26 KOs) held court at a jam-packed press conference at MGM Grand today to formally discuss his 147-pound welterweight world title unification bout against dangerous, hard-hitting Marcos "El Chino" Maidana (34-3, 31 KOs) in the main event of "THE MOMENT"  on Saturday, May 3 at the MGM Grand Garden Arena live on SHOWTIME PPV®. Addressing media members hours before the start of Saturday night's "TOE TO TOE: Canelo vs. Angulo" event on SHOWTIME PPV, Mayweather touched on a variety of subjects, including Maidana, the upcoming matchup with the Argentine slugger, his future and more. Also speaking were Leonard Ellerbe, CEO of Mayweather Promotions, Richard Schaefer, CEO of Golden Boy Promotions and Stephen Espinoza, Executive Vice President and General Manager, SHOWTIME SPORTS. FLOYD MAYWEATHER, 10-Time World Champion, Five Division World Champion and WBC Welterweight "Maidana is a young, strong and tough competitor.  He's a guy that I can't overlook.  You can never take any fighter for granted because anything can happen. "I believe in dedicating myself to my craft.  This is my 18th year in the sport.  I've had a strong run and we've got three more fights after this one.  I truly believe in taking one fight at a time. "This was my first week out [in training camp] and we had a tremendous week. "Hopefully, some day I help some of this up-and-coming talent and promote them. Boxing is growing and is here to stay. "I'm not scared of any opponent.  I fight who I want to fight. "Tonight is another marvelous show.  Canelo is one hell of a fighter and Angulo is too.  It's going to be nonstop action. This is a fight not to miss. "Canelo's a different breed.  A lot of people think because of the way I made Canelo look, they're going to be able to do the same thing, but that's not true. He's a strong fighter. "Tonight's fight is different than my fight with Canelo back in September.  They [Canelo and Angulo] have great styles and styles make fights.  This fight is tailor made to be a war.   "I fight myself.  I don't fight to break Ali's record or Sugar Ray Robinson's record.  I fight to please myself.  I know in my heart where I'm rated.  I didn't fight in Ali's era. This is my era. "I don't know who my three next opponents will be.  A lot of people ask me that.  You want to fight me?  Earn it. "I'm a strong critic of myself.  I'm really hard on myself.   Even with the Canelo fight and the fight before that fight, I wasn't happy with my performance.  I haven't reached my peak yet. I know I can do better. "I've been in the sport of boxing for a long time, but I haven't been able to bring my 'A-game' totally out. I've beaten fighters with my 'C-Game' and with my 'D-Game,' but I haven't been able to beat anybody with my 'A-Game.' "I'm a firm believer that before you can go anywhere, you have to conquer the level that you are at, just like young kids do it today with video games, they have to finish one level to go to the next one.  Conquer one level at the time, and only then you'll get where you want to go to. "I always say that I'm a clean athlete and that I should be randomly tested anytime, urine and blood.  "I have only seen Maidana's last fight against Broner. I've only watched the first six or seven rounds.  I've also seen highlights of other fights, but not many.  He's a good fighter; I'm not taking him for granted.  I don't take anybody for granted." ROBERT GARCIA, Maidana's Trainer "In 1998, Floyd and I won a title in the same year in the same weight division. Sixteen years later, I'm training my fighters to fight him and he's still a champion.  That is hard to believe. "Our guy Maidana earned this fight.  I want to thank Mayweather for taking this fight. "There were other names out there, but Mayweather is a boxing person and he made the right choice. I think Maidana earned the right to fight Floyd.  He's going to come out and do his best. Just like he did against Adrien Broner. "Broner was supposed to be the next great thing. What Maidana did to him was something that no one believed could happen. It takes hard work and dedication. "It takes a great fighter that listens to what his coaches tell him to do and we're going to come out and do our best to please everyone with a great fight and come out with a win. Everyone has a time and it could be this time.  No one has a blueprint because no one has ever beaten Floyd." RICHARD SCHAEFER, CEO of Golden Boy Promotions "Floyd Mayweather did it again. He picked the most dangerous opponent he could have. "It's going to be a thrilling fight.  Maidana is ready and he's going to come to try to knock out Mayweather. "The tickets went on sale this morning at 10 a.m. There are 16,000 seats [in the arena] and 14,000 were sold with over $12 million in the bank already."  LEONARD ELLERBE, CEO of Mayweather Promotions "Maidana's a tremendous fighter.  He can crack with either hand and Floyd is going to have to be at his best to beat him on May 3rd. [On the Mayweather Promotions opponent poll] "Floyd has over 11 million followers across different platforms, all of those were taken under consideration.  "On the first tweet he put out, there were over 50,000 comments on the first two hours.  My team and I went through all of the responses, and Maidana was an overwhelming favorite.  "Maidana earned the right to fight Floyd and May 3rd is going to be a great night for boxing." STEPHEN ESPINOZA, Executive Vice President & General Manager, SHOWTIME SPORTS "SHOWTIME Sports has become the home of the most compelling fights and the biggest events in the sport of boxing. And there are no bigger events than those featuring Floyd Mayweather.  "We are proud to be part of the May 3rd event and look forward to another incredible night at the fights."    # # # "THE MOMENT: Mayweather vs. Maidana," a 12-round world championship unification bout for Mayweather and Maidana's respective 147-pound titles, is promoted by Mayweather Promotions and Golden Boy Promotions and sponsored by Corona, O'Reilly Auto Parts and AT&T.  The event will be produced and distributed live by SHOWTIME PPV (9 p.m. ET/6 p.m. PT) and is the third fight of a lucrative six-fight deal with Showtime Networks Inc.  Tickets priced at $1,500, $1,000, $750, $550 and $350, not including applicable service charges and taxes are on sale now. Tickets are limited to eight (8) per person with a limit of two (2) at the $350 price range.  To charge by phone with a major credit card, call Ticketmaster at (800) 745-3000. Tickets also are available for purchase at www.mgmgrand.com or www.ticketmaster.com.

POUND-FOR-POUND KING FLOYD “MONEY” MAYWEATHER TO HOST PRESS CONFERENCE AT MGM GRAND IN LAS VEGAS TO FORMALLY ANNOUNCE HIS MEGA-BOUT AGAINST MARCOS “EL CHINO” MAIDANA ON SATURDAY, MAY 3 LIVE ON SHOWTIME PPV®

SATURDAY, MARCH 8 AT NOON PT

MGM GRAND - STUDIO A&B

STREAMING LIVE VIA SATELLITE & EMBEDABLE YOUTUBE & USTREAM LINKS; VIEW LIVE AT HTTP://SPORTS.SHO.COM/LIVE

WHO:             FLOYD MAYWEATHER, 10-Time Five-Division World Champion & WBC Welterweight World Champion

LEONARD ELLERBE, CEO, Mayweather Promotions

RICHARD SCHAEFER, CEO, Golden Boy Promotions

STEPHEN ESPINOZA, Executive VP & General Manager,

SHOWTIME SPORTS

WHAT:          WBC Welterweight World Champion and No. 1 pound-for-pound fighter Floyd “Money” Mayweather will host a press conference to formally announce his upcoming SHOWTIME PPV^® matchup against Marcos "El Chino" Maidana taking place on Saturday, May 3, at the MGM Grand Garden Arena in Las Vegas.  The press event will take place prior to the start of the “TOE TO TOE: Canelo vs. Angulo” fight card.

“SHO Sports Press Pass Live” will stream the proceedings live at http://sports.SHO.com/live and via satellite and embeddable YouTube and UStream players. Satellite coordinates and embeddable links are below.

WHEN:          Saturday, March 8

                        11 a.m. PT – Media Arrival/Brunch

                        12 p.m. PT – Press Conference

WHERE:       MGM Grand Hotel & Casino – Studio A & B

                        3799 S. Las Vegas Blvd. South

                        Las Vegas, NV 89109

SATELLITE FEED * ONLINE STREAM:

Saturday’s presser at the MGM Grand will be available LIVE via Satellite, YouTube, Ustream and viahttp://sports.sho.com/live and http://www.mayweatherpromotions.com and will be hosted by SHOWTIME Sports announcer Brian Custer.

YOUTUBE FEED:

USTREAM FEED:

FACTS:         Mayweather vs. Maidana, a WBC & WBA Welterweight World Championship unification for Mayweather and Maidana’s respective 147-pound titles, is promoted by Mayweather Promotions and Golden Boy Promotions taking place Saturday, May 3 at MGM Grand in Las Vegas. The event will be produced and distributed live by SHOWTIME PPV. 

TICKETS:     Tickets priced at $1,500, $1,000, $750, $550 and $350, not including

applicable service charges and taxes, go on sale, Saturday, March 8 at 10 a.m. PT

. Tickets are limited to eight (8) per person with a limit of two (2) at the $350 price range.  To charge by phone with a major credit card, call Ticketmaster at(800) 745-3000. Tickets also are available for purchase atwww.mgmgrand.com  or www.ticketmaster.com.

BEIBUT SHUMENOV SET TO MAKE GOLDEN BOY PROMOTIONS DEBUT

SATURDAY, DEC. 14, FROM THE ALAMODOME

LIVE ON SHOWTIME^®

WBA Light Heavyweight World Champion Defends Against 
Tamas Kovacs on SHOWTIME CHAMPIONSHIP BOXING Quadrupleheader,

Undefeated Rising Superstar Adrien Broner Risks WBA Welterweight Belt Against Dangerous Marcos Maidana In the Main Event; Tickets On Sale Now

NEW YORK (Dec. 4, 2013) - Beibut Shumenov is a former amateur standout in Europe and represented Kazakhstan in the 2004 Olympic Games. The WBA Super Light Heavyweight World Champion, he became the fighter with the fewest professional fights to win a 175-pound world title when he captured the crown in his tenth start.   

On Saturday, Dec. 14, Shumenov (13-1, 8 KO's) will make his Golden Boy Promotions debut and his fifth title defense when he faces unbeaten Tamas Kovacs (23-0, 14 KO's) of Slovakia, in the opening bout of a SHOWTIME CHAMPIONSHIP BOXING quadrupleheader live on SHOWTIME^® (8 p.m. ET/5 p.m. PT) from the Alamodome in San Antonio, Texas. It is the second of back-to-back four-fight telecasts on SHOWTIME. 

This Saturday, Dec. 7, friends-turned-foes and former World Champions Zab Judah and Paulie Malignaggi fight for Brooklyn bragging rights when they meet in the featured match at Barclays Center in Brooklyn, N.Y. 

In the eagerly awaited main event on Dec. 14, popular, colorful, undefeated rising superstar Adrien "The Problem" Broner faces the toughest test of his career when he risks his WBA Welterweight World Championship against hard-hitting Marcos "El Chino" Maidana. 

In addition to Shumenov-Kovacs, there are two more 12-rounders on the stacked card: Undefeated WBA Interim Welterweight World Champion Keith "One Time" Thurman defends against dangerous Jesus "El Renuente" Soto Karass and undefeated WBC Super Bantamweight Champion Leo "Terremoto" Santa Cruz defends against Cesar Seda.

Shumenov,a personable, humble 6-foot-2, 30-year-old who has lived in Las Vegas since 2007, grew up with his father, an accountant, mother, a school teacher, and younger brother in a one-unit home when Kazakhstan was a part of Russia. His parents were business-minded and hard-working, frequently putting in 10-to-12-hour days, and were often on the road.

Shumenov nearly died when he was less than a-year-old. While under the care of his aunts, he was fed spoiled milk. Two weeks later, when his father returned Beibut was blue-faced and had to be rushed to the hospital. They could not locate a vein and had to give him IV through the head. His parents were told he would die.

He survived, but was a sickly child for years. He was unable to play sports until he was nearly six when he started taking Taekwando, karate, wrestling, Muay Thai and kickboxing. He mostly kept involved in the family's businesses. He and younger brother, Chingis, were to become attorneys.  Beibut once worked as a clerk for a judge in Kazakhstan and Chingis once worked as a prosecutor and is the current Deputy Mayor of Shymkent, Kazakhstan.

After watching a Mike Tyson fight on television, Shumenov turned to boxing at the age of 13 and quickly established himself as a fighter with ability. In the amateurs, he went 180-20 pounds.  There were enormous expectations for him to bring home the gold in the Olympics. He won his first fight, but broke his hand in the process and then lost his second bout.

"I broke my right hand in the fight that I won,'' Shumenov said, "But I wasn't able to punch with it and lost my second fight against the guy from Turkey. Before the Olympics, I fought the guy and won.''

The defeat demoralized Shumenov. "I quit boxing after the Olympics,'' he said. "I couldn't handle the loss. Everyone was so confident I'd win the gold medal. There was so much pressure. So after returning home in 2004 I quit to concentrate on the family businesses. Even though I suffered a broken hand, I felt I'd let so many people down, including my father, mother and country. But I always maintained my condition.''

In 2006, Shumenov returned to the ring with an eye on the 2008 Olympics, but after dominating his opposition he was urged by a former coach to turn pro, which he did at age 24 on Nov. 17, 2007.

Shumenov won his initial eight starts, suffered his lone defeat on a 12-round majority decision to defending WBA light heavyweight champion Gabriel Campillo, then reversed the result in a rematch on a controversial 12-round split decision in his  tenth outing on Jan. 29, 2010.

Here's more of what the physically strong, aggressive-minded Shumenov had to say about his life, career, Golden Boy and upcoming bout against Kovacs:

On signing with Golden Boy Promotions after basically promoting all his fights with the exception of his pro debut...

"I'm very excited and really appreciate what Golden Boy is doing for me. I finally get to show the world my boxing skills and that I am the best light heavyweight in the world. Really, to get this opportunity on a big card like this, on SHOWTIME, has brought a whole new level to my training.

"I'm so thankful for Golden Boy and SHOWTIME. Since signing with Golden Boy in late September, I've felt like a weight has been lifted. I always wanted to be on a major network when I was promoting myself (he and his brother formed KZ Event Productions), but everything was coming out of my pocket. It got frustrating and very stressful for me to try and do everything and the business outside the ring. It was taking away from what I needed to do inside the ring.

"Before, I was my own manager, trainer, fighter and promoter. I'm still my own trainer but I feel very confident. I don't have to think about promoting, only the preparation for the fight. It is a great relief.''

On his goals...

"My main goal is to unify all the titles. I've always wanted to fight for world titles against other great champions. Sure, I'd fight Bernard Hopkins. I'd feel very honored."

On what this fight means to him...

"This is by far my greatest opportunity. I'm going to try to win impressively. That's how you get popular. That's what the exposure of fighting on SHOWTIME can do. This is like starting over as far as opportunity goes on this kind of platform. I want to utilize my skills. I'm comfortable. I've trained hard and enjoyed my preparation. I feel everything's going well. There's no pressure. I'm very focused.''

On this being his fifth title defense yet first fight in 18 months and only fourth since July 2010..."The reason I've fought so little was because I only wanted big fights, and I was trying to do it on my own with no promoter. We tried a long time to make a unification with (Chad) Dawson and (Nathan) Cleverly when they were champions. I tried to reach out to their promoters. I thought I was close against Cleverly, but he disappeared on me. Dawson disappeared, too. I thought I had a unification with Juergen Braehmer when he was WBO champ but he also just disappeared.''

On what he knows about Kovacs...

"To be honest, I haven't seen many of his highlights on tape but I know he's an aggressive, come forward fighter that throws a lot of punches. I'm sure he'll try and make it exciting. But I have the style and the knowledge to fight against anyone. I'm a power puncher-boxer. I have a lot of power but l like to show my skills. I feel confident against any style. I'm excited to get back in the ring and I'm really looking forward to this fight."

On leaving the family business to return to boxing...

"Our family is very close. I'm sure I get my drive from my parents. Every business decision we make is a family decision. If my parents had their way, I wouldn't fight. They would prefer I run our family business. They're very proud of me, but I'm sure they'd rather me be involved in more business-related ventures than to be in this kind of sport. I only plan to fight a couple more years.''

"For me to get this far is an accomplishment. Kazakhstan was not an easy place to grow up. I broke my hand in the Olympics and a few other things on the streets.''

On coming to America...

"I chose to move to Las Vegas to live and train because it is the boxing capital of the world. When I first said I was coming by myself to the United States, my dad laughed. He thought I'd be here about a week and was just coming to party.

"The first English I learned came from watching movies. I watched all kinds of movies for about six months and then hired a tutor, who worked with me for two months. My favorite movie is 'The Godfather.' ''

ABOUT "BRONER VS. MAIDANA":

"DANGER ZONE: Broner vs. Maidana," a 12-round fight for Broner's WBA Welterweight World Championship taking place on Saturday, Dec. 14 at the Alamodome in San Antonio, Texas, is promoted by Golden Boy Promotions and Leija*Battah Promotions and sponsored by Corona, AT&T, Casamigos Tequila and Grudge Match. In the 12-round co-featured attraction, Keith Thurman will defend his interim WBA Welterweight World Championship against Jesus Soto Karass. Leo Santa Cruz will put his WBC Super Bantamweight World title on the line against Cesar Seda in a 12-round bout and Beibut Shumenov faces Tamas Kovacs in a 12-round clash for Shumenov's WBA Super & IBA Light Heavyweight World titles. The SHOWTIME CHAMPIONSHIP BOXING® telecast will air live at 8 p.m. ET/5 p.m. PT and can be heard in Spanish using secondary audio programming (SAP). Preliminary bouts will air live on SHOWTIME EXTREME^® at 6:00 p.m. ET/PT (delayed on the West Coast).

Tickets priced at $250, $200, $150, $100, $75, $50, $25, $20 and $10, plus applicable taxes, fees and services charges are available  at the Alamodome box office, or through Leija*Battah Promotions by calling (210) 979-3302 or emailingm@leijabattahpromo.com or online at www.ticketmaster.com and all Ticketmaster locations, by calling (800) 745-3000.