Canelo Alvarez vs. Manny Pacquiao: Oscar De La Hoya Wants to 'Bury the Hatchet' With Bob Arum, Creating Rift With Richard Schaefer [VIDEO]

By Raimundo Ortiz
Published May 6, 2014 8:52AM EDT

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Tags: canelo alvarez , Bob Arum , oscar de la hoya , golden boy , boxing , Manny Pacquiao , floyd mayweather

Boxing is buzzing these days; it's in the midst of a slew of major pay-per-views while the two biggest promotion heads, Bob Arum of Top Rank and Oscar De La Hoya of Golden Boy are putting their heads together and trying to end boxing's "Cold War." The ultimate purpose of ending the frostiness is creating a super fight between Canelo Alvarez and Manny Pacquiao.

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The desire to reconcile with Arum in some fashion seems to have rankled the feathers of Golden Boy CEO Richard Schaefer, who has vowed to no longer work with Arum. "Whatever the future holds hopefully we can sort this out the next couple of weeks," Schaefer said. "My door is always open and we'll see where this goes."

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Meanwhile, De La Hoya, who very recently was battling addiction and landed in rehab, claims to be back in working order and determined to keep implementing his vision for the company and the sport. "I have nothing against Richard but I have to look out for myself," De La Hoya said. "I have to look out for my company and I have to look out for boxing.

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"I have my vision and I have my plans. Nobody is going to stop me from doing this. The company isn't called Golden Boy for nothing."

Complicating matters is Floyd Mayweather's poisoned relationship with Arum, and his closeness with Schaefer. Mayweather is boxing's biggest star, and the world's highest-paid athlete, so his words carry clout. He has openly said he won't work with Golden Boy unless Schaefer is in place.

De La Hoya, who is known to have issues with Floyd, walked a fine line between putting Schaefer on notice and publicly saying his days are numbered. "The way I found Richard, the way I did that, I can do it again," he said. "It's no problem for me."

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