Saul "Canelo" Alvarez's victory over Erislandy Lara on July 12 was a big one for Golden Boy Promotions founder Oscar De La Hoya.
The Los Angeles Times' Lance Pugmire explains why in his July 14 update:
"Oscar De La Hoya and his company Golden Boy Promotions have been effectively under siege in recent weeks following the departure of his chief executive and friction with the sport's most powerful manager.
"Saturday night, De La Hoya's main attraction, Saul 'Canelo' Alvarez, survived a threat to his drawing power by slugging his way through the 12th round to win a precious point from a Nevada judge and clinch a split-decision triumph over Cuba's Erislandy Lara at the MGM Grand by scores of 115-113, 113-115, 117-111.
"Lara connected on 55 jabs to Alvarez's nine and 107 total punches to Alvarez's 97, but continually backpedaled and deprived fans of engaging action.
"'To make love, you need a partner,' the 23-year-old Alvarez (44-1-1) said afterward. 'Same thing in boxing. You need a partner to make a good fight.'
"Lara, meanwhile, referred to the scoring as 'disgraceful' and one of his advisors asked for an investigation into judge Levi Martinez's lopsided score.
"Lara is managed by Al Haymon, a powerful player who many suspect has aligned with De La Hoya's departed partner Richard Schaefer to create another promotional company and raid De La Hoya's stable of some significant talent.
"The matter is currently in closed meditation.
"The fight in De La Hoya, however, was on full public display late Saturday night.
"After listening to Lara's complaints, De La Hoya was asked by someone if he agreed with Lara's request for a rematch.
"'What I heard, nobody wants a rematch,' De La Hoya said. 'There's 10 guys in line. Lara's a very slick, very confusing fighter. That's no secret. But Canelo won tonight and now we have to move on.'
"With that, De La Hoya ended the post-fight news conference and brushed past Lara and his team."
Oscar De La Hoya smiling widely, breathing big sigh of rfelief as star fighter emerges with narrow win.— Lance Pugmire (@latimespugmire) July 13, 2014
De La Hoya has taken charge of his life since he entered rehab last year, per a July 11 article written by Matthew Aguilar of The El Paso Times:
"It was 16 years ago that pugilistic heartthrob Oscar De La Hoya -- an undefeated blaze of fistic fury in red gloves and white trunks -- devoured an undeserving French pastry named Patrick Charpentier amid blustering winds and 45,000 fans at the Sun Bowl. It was 'Oscar-Mania,' and it was one of the most memorable sporting events in the history of El Paso.
"These days, De La Hoya -- retired since 2008 -- is no longer a fighter, but the president of the most powerful company in boxing, Golden Boy Promotions. In recent weeks, however, Golden Boy is transitioning through profound changes, most notably, the resignation of former CEO Richard Schaefer -- the man often credited for the company's success.
"But De La Hoya vowed to maintain Golden Boy's prominent industry position, with plans to prove that he is much more than a figurehead. Thursday, he alone presided over Golden Boy's final press conference for the 'Honor & Glory' card featuring Saul 'Canelo' Alvarez and Erislandy Lara, the top two junior middleweights who fight Saturday at the MGM Grand.
"'I've always been front-and-center; this is nothing new, really,' De La Hoya said. 'The (difference) is that I'm experiencing it and soaking every single second now. It's really special to me because this is what I love, this is what I breathe.'
"De La Hoya's new appreciation for life stems from a stint in rehab that he says has made him a new man. He also appears to be a leader to be reckoned with. In recent weeks, he fired three employees associated with Schaefer. And Golden Boy filed an arbitration for $50 million in damages against Schaefer, a former Swiss banker and friend."