Oscar De La Hoya Releases Statement On Ali Passing

LOS ANGELES (June 3, 2016) – Golden Boy Promotions Chairman and CEO Oscar De La Hoya has issued the following statement with regard tothe passing of “The Greatest” Muhammad Ali:

 

“It is with great sadness today that we mourn the loss of the Greatest of All Time – Muhammad Ali. I send my deepest condolences to his family, and pray for strength and peace for them during this difficult time.

 

“Muhammad Ali is a legend and one of the world’s most celebrated athletes, the fighter who ushered in the golden era of boxing and put the sport on the map. He paved the way for professional fighters including myself, elevating boxing to become a sport watched in millions of households around the world.

 

“Ali’s talent was undeniable – he was an Olympic Gold Medalist, three-time lineal world heavyweight champion, and the only one to accomplish that to this day, and reached the pinnacle of our sport as the undisputed heavyweight champion in 1964.

“Beyond his incredible talent, he also made boxing interesting. Ali was fearless in the ring, and took on the toughest, most challenging opponents. Ali exemplified courage-he never took the easy route, something to be admired in and outside of the ring.

 

“As he grew older, he didn’t let his physical condition become an excuse to stop working; he continued to work hard, focusing on giving back to the community. Today, as we reflect on his life, let us remember a man who pursued greatness in everything he did and be inspired to hold ourselves to that same standard. Rest in peace, my friend.”

Canelo to Vacate WBC Title. States Negotiation with GGG Still Underway

LOS ANGELES (May 18, 2016) – Ring Magazine and Lineal Middleweight World Champion Canelo Alvarez today issued the following statement:
 
“After much consideration, today, I instructed my team at Golden Boy Promotions to continue negotiating a fight with Gennady ‘GGG’ Golovkin and to finalize a deal as quickly as possible.  I also informed the WBC that I will vacate its title.  
 
For the entirety of my career, I have taken the fights that no one wanted because I fear no man. Never has that been more true than today. I will fight ‘GGG,’ and I will beat ‘GGG’ but I will not be forced into the ring by artificial deadlines.
 
I am hopeful that by putting aside this ticking clock, the two teams can now negotiate this fight, and ‘GGG’ and I can get in the ring as soon as possible and give the fans the fight they want to see.”
 
Golden Boy Promotions Chairman and CEO Oscar De La Hoya today issued the following statement:
 
“There is no denying that Canelo is the biggest star in the sport of boxing. He is eager to get in the ring with ‘GGG’ to show the world that he is also the best pound for pound fighter in the sport, but we won’t negotiate under a forced deadline.
 
Now that the WBC title is off the table, I am hopeful that ‘GGG’ and his promoter K2 Promotions will come to the table in good faith and get this deal done.”

Oscar De La Hoya & Jay Z Bet $100,000 on Cotto vs Canelo

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On the heels of one of the most anticipated nights in boxing this year, Roc Nation Sports’ founder JAY Z and Golden Boy Promotions’ chairman and CEO Oscar De Lay Hoya have entered into a friendly wager with one another staking claim that their respective boxer will capture the win when Miguel Cotto faces Canelo Alvarez in a middleweight world championship mega-fight on Nov. 21 at the Mandalay Bay Events Center in Las Vegas presented live on HBO Pay-Per-View.

The bet started taking shape when both co-promotors visited their boxers’ camps prior to fight week, boasting confidently about their fighters’ ability to come out victorious on Nov. 21. The terms were inevitably set.

JAY Z and Oscar decided to place a $100,000 bet with the winner’s earnings going towards their philanthropic endeavors. If Cotto and JAY Z come out on top, Oscar will donate $100,000 to the Shawn Carter Foundation. In similar fashion, if Canelo beats Cotto, JAY Z will donate $100,000 to Oscar’s efforts at the White Memorial Medical Center’s cancer unit.

Now all sights are set on Nov. 21, when the showdown between Cotto and Canelo will determine who will be the middleweight champion of the world and the outcome of JAY Z’s and Oscar’s bet.

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