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Óscar de la Hoya ready to part ways with Golden Boy Promotions

The former Mexican legend is ready to get rid of the company he founded in 2002 and become the first fighter to be inducted into the Hall of Fame as a promoter as well.

Óscar de la Hoya asegura quien reemplazará a Canelo Álvarez como el nuevo rey del boxeo

Óscar de la Hoya was present in Ryan Garcia’s promotional tour of his upcoming fight against Javier Fortuna on July 16 and he confirmed he was getting ready to get rid of Golden Boy Promotions. The press conference was held at Arena and De la Hoya explained why he wants to sell the company he founded in 2002.

“I’m sitting on a billion-dollar company,” De La Hoya told ESPN. “And I can’t wait to get rid of it. And most importantly, I can’t wait to be the very first fighter ever to be inducted into the Hall of Fame as a promoter as well. These are goals that I have.”

De la Hoya is ready for some big fights

We’re sitting on a gold mine. When I’m ready to get out, the time will come. But in the meantime, that’s the reason I want to make these big fights happen. It’s crucial. It’s crucial for the sport. It’s crucial for my company. It’s crucial, most importantly, for the fan base.”

If Ryan Garcia is able to defeat Javier Fortuna, De la Hoya will try to match him up against Gervonta Davis in November before possibly parting ways with his company. “I’m ready to give Tank Davis a multi-, multimillion dollar [deal] to fight Ryan Garcia in November,” De La Hoya said. “I strongly feel that’s the fight to make. Those are the types of fights that make superstars.”

There is no set date for when Óscar de la Hoya plans to sell Golden Boy Promotions but the idea is to continue to be involved for ‘as long as possible.’ Other fights that the former Mexican legend is seeking to finalize is between Munguia and Jermall Charlo and Vergil Ortiz Jr. against Errol Spence Jr.