Richard Schaefer is back in boxing with his own promotional outfit, Ringstar Promotions. What does this mean exactly?

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It's official...former Golden Boy Promotions CEO, Richard Schaefer, is back in the hurt business.

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While Canelo Alvarez was a 4.5-to-1 favorite against Alfredo Angulo Saturday night, few expected the former WBC/WBA Jr Middleweight Champion to orchestrate such a brutal, one-sided beat down over the course of ten rounds.
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