Thursday, 24 July 2014 13:47

Floyd Mayweather promotion company? 'Money May' gets Nevada license

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Detractors can't say his promotion isn't real now.
Top pound-for-pound boxer Floyd Mayweather Jr's Mayweather Promotions was granted a license unanimously yesterday by the Nevada State Athletic Commission.

Mayweather Promotion's had previously relied on Golden Boy Promotions to promote his events.

Mayweather's September 16th matchup between himself and Marcos Maidana will still take place under the Golden Boy banner despite a previous Mayweather claim that he and Golden Boy were no longer in business, following the exodus of former Golden Boy CEO Richard Schaefer last spring.

Is it all finally coming together?

Some have wondered if Schaefer's departure was ignited by his intention to join Mayweather Promotions. The boxing star has already stated that Schaefer is more than welcome to join, insisting the former CEO was "family."

Although this seems to be the plan, things are still very unclear between Schaefer and Mayweather and Schaefer and Golden Boy.

We do know Golden Boy filed an arbitration for $50 million in damages against Schaefer a month ago, and things could potentially get very ugly.

Regardless of any potential super-pacts between Mayweather and Schaefer, the fact right now is Mayweather is officially licensed as a promoter - and that's a very good thing for boxing.

Mayweather has a big name and is incredibly creative and innovative. It will be interesting to watch what his promotion has in store.

Mayweather Promotions chief executive Leonard Ellerbe told ESPN.com that the promotion seeks licenses in California, Washington, Illinois, and Mayweather's home state of Michigan.

Also, they recently received a license in New York.
 

 

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