Tuesday, April 14, 2009

Oscar de la Hoya Retires from Boxing, Not Boxing Biz

Oscar De La Hoya Press Conference

A tearful Oscar de la Hoya announced his retirement today from boxing after an amazing 17 years fighting, winning gold medals at the 1992 Olympics in Barcelona and defending 10 world titles.

“I’ve come to the conclusion that it’s over,” the East Los Angeles native said. “It’s over inside the ring for me.”

He was accompnanied by his wife Mily, family, and celebrity friends comedian George Lopez and Oscar-nominated actor and former fighter Mickey Rourke. READ MORE

Oscar De La Hoya Press Conference

Despite retiring from fighting in the ring, Oscar De La Hoya has a booming boxing business, Golden Boy promotion, which includes deals with Tecate, TV networks (ESPN, HBO, Telefutura), and broke a record by selling over 2 million in pay-per-views. His company also has interest in ownership in several Spanish-language newspapers in major markets throughout the U.S., and select investments in a number of consumer products, as well as a 25% interest in the Houston Dynamo soccer team.

On a charity note, In 2005, Golden Boy Enterprises formed Golden Boy Partners, a company focused on urban development in Latino communities.