Originally Posted by Oscar De La Hoya
"We decided that we are going to focus all our energies on promoting boxing. Boxing is the game that we have to focus on because there's so much room for growth and the potential is enormous. We definitely want to capitalize on that and have all our focus and energy be on taking boxing to another level," says De La Hoya said.
Golden Boy CEO Richard Schaefer concurred, citing the reported losses of publicly held fight companies the International Fight League and EliteXC as reasons for the boxing promoter being reluctant to try their hand in MMA. But Schaefer did hold out the possibility that Golden Boy might consider such a move in the future if the waters looked more inviting.
"The time is not now. MMA is going through some very rough patches and transition issues...recently two companies that are public had FCC filings that raised doubt about their ability to continue. We want to see what's going to happen with the sport. Maybe we will enter the MMA business to diversify in the future," said Schaefer.
This is a smart move and I guess it doesn't surprise me and it makes me think even more(or gives me more hope) that Tito will re-sign with the UFC because he was talking up Golden Boy a lot but he can't go to them now.