No.
In the 1st film, Apollo is shown with his team of handlers, and they are Black. He is shown to be the brains/co promoter of his fights.
In each of the films, he is shown to be driven by pride. In the second film, its pride to regain his dominance and prove that the first fight was a fluke.
In the 3rd film, its pride to train rocky to defeat boxer who insulted him for no reason.
In 4th film, pride to recapture his former glory by taking on newcomer Drago.
*Paulie is shown to be a piece of shyt loser in each of the films, his racist comments in part 3 are consistent with the character