Oscar De La Hoya is facing a real challenge right now, and it's got nothing to do with his time in the ring. The news came out this week that the former boxing champion and his company, Golden Boy Promotions, have defaulted on a significant $27 million commercial loan. This financial slip-up puts their office building in downtown Los Angeles at risk of foreclosure.
Golden Boy Promotions has made quite the name for itself as a powerhouse in boxing. However, they've stumbled into financial trouble because they couldn't pay back the mortgage-backed securities loan. De La Hoya's ownership involves purchasing most of the property for $16 million from Barker Pacific Group, who kept a smaller share. Things have gotten pretty dicey with Golden Boy owing $23 million due to this default.
An external change may contribute to Golden Boy Promotions' shaky status. Turki Alalshikh emerged as a new player in the sport. His influence could be affecting their standing just as much as their debt troubles are. Interestingly, De La Hoya knows the ups and downs well, having moved from being an iconic fighter to taking charge of promotions.
Michael Barker played a part as co-loan sponsor but unfortunately passed away in January 2025. He founded Barker Pacific and participated heavily in De La Hoya's business ventures.
The whole situation showcases how even well-established promoters can face intense scrutiny when things go wrong financially outside the ring. For more on this story, you can visit The Real Deal which has further insights on these developments involving Oscar De La Hoya and Golden Boy Promotions.
