03-18-2013, 12:32 PM
Join Date: Jun 2006
Re: All Purpose Boxing Discussion Thread
HBO is done with Golden Boy promotions and all of its boxers
HBO, boxing's top network, makes unexpected decision to part with Golden Boy Promotions
HBO, the highest-rated boxing network, made the extraordinary decision Monday not to buy fights from Golden Boy Promotions, one of the sport's two biggest promoters, for the foreseeable future.
That will mean the exodus from the network of a number of Golden Boy stars, including lightweight champion Adrien Broner and light heavyweight champion Bernard Hopkins.
Broner, who is one of the rising stars in the sport, has done extraordinary ratings for HBO for a young fighter and has referred to himself in social media as "Mr. HBO Boxing." But at least until the issues between HBO Sports and Golden Boy are worked out, that will not occur.
Broner's contract with Golden Boy and adviser Al Haymon reportedly expires in April. Rap star turned boxing promoter Curtis "50 Cent" Jackson has reportedly made an offer to Broner to join his company, SMS Promotions, when his Golden Boy deal is done.
HBO Sports president Ken Hershman, who formerly ran the boxing program at rival Showtime, made the decision to part ways with Golden Boy after running into issues with company executives. Showtime hired Stephen Espinoza, the former Golden Boy legal counsel, to run its boxing program after Hershman left for HBO.
Since Espinoza joined Showtime in late 2011, the vast majority of its televised boxing offerings have come from Golden Boy.
"In order to achieve our goal of the best fighters in the most compelling matchups, we've decided to focus our efforts and resources on those strategic relationships where we better share common goals and business philosophies," Hershman said in a statement.
Golden Boy CEO Richard Schaefer couldn't be immediately reached for comment.
The irony in this decision is that Golden Boy was founded in large part because of the close relationship between the network and Golden Boy president Oscar De La Hoya. De La Hoya fought virtually his entire career on HBO and never appeared on Showtime.
A number of top Golden Boy fighters debuted on HBO only to switch to Showtime. Among those are Amir Khan, Danny Garcia and Canelo Alvarez.
Showtime also recently signed Floyd Mayweather Jr., the sport's pound-for-pound king, who had been with HBO. Mayweather works closely with Golden Boy, but wasn't under its promotional umbrella.
Khan, Garcia and Alvarez are, though, and all made the move from HBO to Showtime after Espinoza's hire.
Though ratings on premium cable television networks such as HBO and Showtime aren't viewed the same as they are on broadcast TV or on regular cable channels, all three of those fighters have done far better ratings on HBO than Showtime.
Khan, for instance, did 1.56 million viewers for his bout with Lamont Peterson. In his one fight on Showtime, against Carlos Molina, he drew 616,000 viewers.
Garcia did 1.255 million viewers for his fight with Khan on HBO and 1.2 million for his first fight with Erik Morales. The rematch with Morales was on Showtime and had 729,000 viewers.
Alvarez drew 1.55 million viewers for his June 18, 2011, win over Ryan Rhodes. In his only fight on Showtime, he attracted 1.036 million viewers for his Sept. 15, 2012, match with Josesito Lopez. However, the Alvarez-Lopez fight went head-to-head with an HBO Pay-Per-View card promoted by Top Rank featuring Sergio Martinez against Julio Cesar Chavez Jr.