Top-tier athletes are some of the highest-paid individuals worldwide. Most of them make well into the nine figures. Floyd Mayweather was part of the elite group for over a decade as the world champion boxer. The former world champion has its promotion, representing many boxing stars.
Recently, on his social media handle, Mayweather was spotted bidding farewell and sharing a heartfelt note to the man who ran his promotion for years.
Floyd Mayweather on Leonard Ellerbe stepping down
Floyd Mayweather is the highest-paid boxer of all time and boasts a massive net worth of $450 million. He also runs one of the biggest promotions in the boxing world. Leonard Ellerbe was the man behind Mayweather’s promotions, which have partnered with many boxing stars, including Gervonta Davis and Devin Haney. Ellerbe is one of the most reputed Promotion heads in the boxing world. Mayweather posted a series of pictures with Ellerbe and captioned it,
Mayweather Promotions would like to extend our deepest gratitude to Leonard Ellerbe for his exceptional leadership and unwavering dedication over the years. Leonard has been an integral part of our team, contributing to numerous business endeavors that have played a pivotal role in the success of Mayweather Promotions.
After years of hard work and dedication, Leonard has made the heartfelt decision to step down as CEO to spend more time with his family and loved ones. We have the utmost respect for his decision and are incredibly grateful for his leadership that has helped shape Mayweather Promotions into the thriving organization it is today.
As we move forward, we are excited to announce that Mayweather Promotions will be joining forces with Richard Schaefer, a highly sought after finance expert and a phenomenal founder in the world of promotional boxing, with over forty years experience combined. Together, we will expand our presence by establishing Mayweather Headquarters in Los Angeles. Our goal is to elevate Mayweather Promotions to global success, supporting fighters worldwide and assisting them in making rewarding business decisions that will benefit them well beyond their boxing careers.
We look forward to this new chapter and the continued global success of Mayweather Promotions.
Floyd praised the former CEO and expressed gratitude for leading Mayweather’s promotions to new heights. Floyd also revealed that Ellerbe was the most important piece of the puzzle, making his promotion successful. Leonard is resigning from his position mainly due to personal reasons. However, Floyd clarified that his promotion would partner with the legendary finance expert Richard Schaefer.
Floyd Mayweather is a seasoned businessman who owns numerous nightclubs and hotels and a massive amount of real estate in the USA. He can often be spotted in the Middle East working on various business deals.
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It will be interesting to see how the Mayweather promotions develop under Schaefer. Mayweather promotions have achieved great heights under Ellerbe, and it will be interesting to see if Richard can emulate the same success for the undefeated former world boxing champion.
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