"Valuev was a great champion and an amazing attraction but today is really the beginning of a new time for the heavyweight division and the sport of boxing, " said Schaefer, who is chief executive of Golden Boy Promotions.

BBC: Haye & Klitschko target showdown

Tranquility and quiet that will be witnessed and in our land, starting today, is the beginning for a new era.

CNN: Transcript of Mahmoud Abbas' speech at Egypt summit