While continuing his quest in the ring, ten-time world champion Oscar De La Hoya will utilize his vast knowledge of boxing to expand into the business side of the sport with the formation of Golden Boy Promotions Inc.
The formation of Golden Boy Promotions makes De La Hoya, 35, the first Hispanic to own a national boxing promotional firm and one of only a handful of boxers in history who have taken on promotional responsibilities while still active.

"Given the tremendous interest in boxing with the Hispanic communities and the strong growth of the Hispanic population in the United States, I felt it was time for a Hispanic to enter the boxing promotion business in a meaningful way," De La Hoya said. "I have been thinking for many years of ways to give something back to the sport, which has been so good to me and I came to the conclusion that a national boxing promotions business was the way to go."