Floyd Mayweather ditches Golden Boy following Schaefer resignation

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One day after he called off his tour of Britain, Floyd Mayweather Jr has decided to drop Golden Boy Promotions, a move which immediately follows the resignation of former chief executive Richard Schaefer.

The boxer has his own promotions company, Mayweather Promotions, and its CEO Leonard Ellerbe has explained that Golden Boy won't be looking after Mayweather's next bout.

When asked if Mayweather would work with Golden Boy again, Ellerbe told ESPN, "Absolutely not."

It's understood that there has been months of fighting within Golden Boy, with president Oscar De La Hoya at the center of the issues.

The decision by Mayweather will act as a massive blow to Golden Boy, who will now miss out on the biggest pay-per-view numbers in boxing that he brings with his blockbuster fights.

Mayweather started working with the company in 2007, when he and De La Hoya set the all-time record for pay-per-view figures at 2.5 million US subscriptions.

It's said that the six weight champion only fought with Golden Boy because Schaefer worked for them, meaning as soon as he left, Mayweather was next in line.

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