With boxer Lamont Peterson testing positive for synthetic testosterone, his rematch with Amir Khan originally scheduled for May 19, has been thrown into doubt. Now the CEO of Golden Boy Promotions, Richard Schaefer is saying that the rematch is 'highly unlikely' to happen according to tweets from the Washington Post's Gene Wang.

Golden Boy CEO Richard Schaefer says #PetersonKhanII "highly unlikely" to happen, called Team Peterson's actions "irresponsible." #boxing

— Gene Wang (@gene_wang) May 9, 2012

Schaefer has also suggested that legal action could be taken against Peterson's camp to possibly even overturn the result of the first fight in December claiming that its now obvious that Peterson had the testosterone in his system then.

More from Schaefer: "Use of testosterone in any manner is unacceptable." Said legal action is one avenue to explore. #boxing #PetersonKhanII

— Gene Wang (@gene_wang) May 9, 2012

Pursuing no-contest also in play for Team Khan. Schaefer: "Obviously [Peterson] had testosterone in his body in the first fight." #boxing

— Gene Wang (@gene_wang) May 9, 2012

In any case, whether this fight goes on or not, Peterson's reputation will be sullied from this for probably the rest of his career.

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