Former Golden Boy Promotions CEO, Richard Schaefer is back in boxing as he will run Ringstar Sports, according to Dan Rafael of espn.com.
“I’m very excited to be back,” Schaefer said.
“I could have come back quite a while ago, last summer, when my non-compete expired but I took my time. I was thinking it through and I’m very excited now to go full-steam ahead with Ringstar,” Schaefer said. “I am reactivating my deep relationships in the boxing industry with fighters, venues, networks, sponsors, managers and, of course, my friends in the media. I will be in the coming weeks recruiting a seasoned team of executives from matchmakers to operational people, marketing and sponsorship professionals to join me at Ringstar to help maximize revenues for our athletes.”
“They were my colleagues and very smart and good at what they do,” Schaefer said. “There also are top matchmakers out there as well. I want to get the ring stars but I really want to have outside the ring stars as well. You need to have the right team.
“What I will be doing first is putting the team in place and I will be pursuing network deals and start to sign fighters. I believe putting things in the right order. Some others sign fighters and then chase these others things. I like to do it the other way around. I want to be able to offer young fighters, maybe some coming off [this summer’s] Olympics or world champions who will become free agents a platform on television and sponsors so that I can tell them what I will do for them and how I will make them the kind of money I made for Floyd Mayweather and for many others. That’s what I want to offer the talent out there. I made Oscar a lot of money, including outside of the ring.”
“I certainly hope I will be able to promote some of those events,” Schaefer said. “I have a great relationship with Al, but first things first. I want to build Ringstar into major promotional outfit in the United States and globally as well. I am as excited about boxing as I have ever been. We’re going to have fun again.”
