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Schaefer said he looked forward to seeing the talent in London.
"We know these men and women have the potential to become the future champions in our sport and it will be a thrill to see what boxing can look forward to in the years to come," he said.Showtime Sports chief Stephen Espinoza, who helped spearhead the deal, added, "It is a dream come true for any Olympic fighter to make his or her pro debut on network television. I am grateful to my colleagues at CBS who are giving Showtime the opportunity to present the future of the sport to the largest possible audience. It will be an exciting moment for boxing and I am proud to be part of this special presentation." Twenty years ago at the 1992 Barcelona Olympics, Golden Boy president Oscar De La Hoya won a gold medal -- hence his nickname, "The Golden Boy." He said he would be involved closely in the careers of any Olympians that his company signs for the network telecasts. "I know from my own experience the pressure these young fighters are under to compete in the Olympics, to represent their country well and to bring home a medal," he said. "Once the celebrating is over and they turn professional, there are certain things that happen during that transition that I feel I can assist them with because I did it myself." Boxing was once a staple of network television, but it has not been on in years other than a few fights on NBC in the 2000s. CBS was once a hotbed for boxing through the 1980s and, to a lesser extent, in the 1990s, regularly televising world title fights.