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Home Boxing

Mayweather Promotions Announces Major Changes: Leonard Ellerbe Steps Down, Richard Schaefer Takes the Helm

June 14, 2024
in Boxing
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Mayweather Promotions Announces Major Changes: Leonard Ellerbe Steps Down, Richard Schaefer Takes the Helm


Floyd Mayweather Jr. has revealed that CEO Leonard Ellerbe has stepped down from his place in Mayweather Promotions and has been changed by Richard Schaefer. This shall be a brand new period, with Ellerbe changed by former Golden Boy Promotions boss Schaefer.

There had been rumors that Ellerbe was leaving the corporate, and so they had been true. When Ellerbe was requested earlier this week if he was departing, he denied that he was.

Holy shit dumb selections being made by even dumber individuals lmao, can’t wait to make a video on this one 😂😂

— Oscar De La Hoya (@OscarDeLaHoya) June 14, 2024

It’s unclear whether or not Schaefer can flip Mayweather Promotions into one of many high corporations as a result of they don’t have a big steady. Changing Ellerbe with Schaefer could produce negligible outcomes with out Floyd maintaining with the opposite giant promotional corporations, like High Rank, Matchroom, and Golden Boy.

Mayweather has a sufficiently big fortune to signal a whole lot of high fighters to make his firm a significant participant, however he would wish to spend money on and make the correct strikes by signing fighters which have the potential to turn out to be stars.

Floyd did a superb job when he signed Gervonta Davis years in the past, however the match-making carried out for him failed to show him into an enormous mega-PPV fighter alongside the traces of Canelo Alvarez.

Floyd is a bitter bitch

— Gervonta Davis (@Gervontaa) June 14, 2024

Ellerbe’s Departure and Gratitude

“Mayweather Promotions wish to prolong our deepest gratitude to Leonard Ellerbe for his distinctive management and unwavering dedication over time. Leonard has been an integral a part of our workforce, contributing to quite a few enterprise endeavors which have performed a pivotal position within the success of Mayweather Promotions,” mentioned Floyd Mayweather Jr. on Instagram.

After years of arduous work and dedication, Leonard has made the heartfelt choice to step down as CEO to spend extra time together 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 right this moment.”

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Tags: announcesEllerbeHelmLeonardmajorMayweatherPromotionsRichardSchaeferStepstakes
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