Golden Boy Files $50 Million Arbitration against Schaefer

According to Dan Rafael, Golden Boy Promotions has filed a $50 million against former CEO Richard Schaefer.

Other than the dollar figure it is asking for, it is unclear what Golden Boy is accusing Schaefer of, although much of the public discussion surrounding his leaving the company has centered on the fact that he regularly put fighters advised by Al Haymon on major cards even though Golden Boy did not have them under promotional contract, which angered De La Hoya.