Drama is within the air over at Mayweather Promotions — at the least so it might seem from a surprising flip of occasions. Simply a few hours in the past Floyd Mayweather’s Instagram web page had a new publish saying that one-time Golden Boy promoter Richard Schaefer has now taken the function of CEO at his promotional firm, with longtime affiliate Leonard Ellerbe stepping down.
“Mayweather Promotions wish to prolong our deepest gratitude to Leonard Ellerbe for his distinctive management and unwavering dedication over time,” the publish learn. “Leonard has been an integral a part of our crew, contributing to quite a few enterprise endeavors which have performed a pivotal function within the success of Mayweather Promotions.
“After years of exhausting work and dedication, Leonard has made the heartfelt choice to step down as CEO to spend extra time along with his household and family members. We now have the utmost respect for his choice and are extremely grateful for his management that has helped form Mayweather Promotions into the thriving group it’s at this time.
“As we transfer ahead, we’re excited to announce that Mayweather Promotions will probably be becoming a member of forces with Richard Schaefer, a extremely wanted finance professional and an exceptional founder on the planet of promotional boxing, with over forty years expertise mixed. Collectively, we’ll develop our presence by establishing Mayweather Headquarters in Los Angeles. Our objective is to raise Mayweather Promotions to international success, supporting fighters worldwide and helping them in making rewarding enterprise selections that may profit them nicely past their boxing careers.
“We stay up for this new chapter and the continued international success of Mayweather Promotions.”
Mayweather, who’s typically had public feuds with the corporate’s largest star in Gervonta Davis, would additionally publish a narrative stating that this weekend’s struggle between Davis and Frank Martin has been canceled (no different official affirmation on that entrance), with Davis posting this response on X.
“Floyd is a bitter bitch.”
Floyd is a bitter bitch
— Gervonta Davis (@Gervontaa) June 14, 2024
It’s additionally not instantly clear as to what this complete supposed shake up is about over at Mayweather Promotions as Ellerbe was simply because the press occasion for this weekend’s PPV card representing the corporate, and had earlier this week denied he’d be leaving the corporate, however we’ll attempt to present extra data as particulars emerge.
