Ross Greenburg quits as HBO Sports president

Former HBO Sports President Ross Greenburg

After long years of serving HBO Sports, one of the best sports channel on the world, Ross Greenburg decided not renew his contract as the president of the said station. Regarded as the most powerful person in the boxing business, he resigned from the network under pressure Sunday despite having several months remaining on his multi-million dollar contract.

"We believe that Ross' track record speaks for itself," HBO co-presidents Richard Plepler and Michael Lombardo said in a joint statement given to ESPN.com, confirming his departure, which has been in the works for months. "He has helped redefine the sports programming genre and set an extraordinary standard of excellence in the industry. We will miss his leadership, vision, creativity and passion for sports television."

No replacement was announced, although Lombardo, who has been directly involved in some of the network's recent boxing decisions, is likely to oversee the department temporarily until a permanent replacement is hired.