Canelo Alvarez’s Business Manager Richard Schaefer Accused Of Causing Unnecessary Drama For Team Canelo Behind The Scenes Prior To Shocking Loss (Exclusive)

Canelo Alvarez’s shocking loss over the weekend has people wondering if all was well within Canelo’s camp.

On Saturday night, the Mexican superstar suffered a shocking unanimous decision loss to Terence Crawford.

“I always tried, all the rounds I tried,” Canelo said..…. We knew Crawford is a great fighter and I did what I was supposed to do, right? I tried to do everything, trained really hard. He deserves all of the credit. I tried my best, and I could not figure out the style.”

Behind the scenes, Canelo may have been dealing with a bit too much.

Throughout fight week, there were rumblings that Canelo’s business manager, Richard Schaefer, was causing unnecessary drama for everyone involved in the promotion.

A source close to the promotion of the event tells us that Schaefer would constantly ensure that he was either on stage or on camera next to Canelo,  even for things he was not scheduled to be on stage for.

Canelo Alvarez is here, answering questions from the media. He’s flanked by Richard Schaefer and Eddy Reynoso .. #boxing #CaneloCrawford pic.twitter.com/8ueg34uKxE

— Francisco A. Salazar (@FSalazarBoxing) September 14, 2025

Schaefer’s behavior during fight week frustrated representatives from Netflix and Saudi Arabia,  and possibly Canelo himself.

“Richard Schaefer consistently sought to remind people he was back in boxing.  Even if it irked all parties involved.”

According to our source, Schaefer shut down simple media requests at the last minute without telling Canelo’s team.

“He would claim Canelo refused the requests, but they never got back to Canelo or his team,”

MMA insider Fight Oracle reports that Schaefer’s presence during fight week may have also annoyed UFC CEO Dana White.

A big reason for Dana’s dismay during Canelo Crawford was NOT Turki. It was Canelo’s representative Richard Schaefer.

Schaefer is the alleged Swiss banker who has been completely irrelevant for 15y. Fired by Oscar, Anthem Sports, Jon Jones. Everything he touches turns to shit

— FightOracle ™🇺🇸 (@fightoracle) September 15, 2025

While Schaefer isn’t responsible for Canelo’s loss, his presence during fight week appeared to distract more than it helped.

It’ll be interesting to see if Canelo makes any major changes inside and outside of the ring ahead of his next fight.