Following a public apology issued by Golden Boy Promotions, it was announced Tuesday that Manny Pacquiao has dropped his defamation lawsuit against CEO Richard Schaefer and president Oscar De La Hoya.
The statement, issued to the media, read: “Richard Schaefer and Oscar De La Hoya, on behalf of themselves and Golden Boy Promotions, wish to make it crystal clear that we never intended to claim that Manny Pacquiao has used or is using any performance-enhancing drugs, and further state that we do not have any evidence whatsoever of such use. Manny Pacquiao is one of the greatest fighters of all time, and we apologize if anyone construed our prior remarks as in any way claiming or even suggesting that Manny uses or has used performance-enhancing drugs.”
Pacquiao’s lawsuit was based upon some statements made by Schaefer and De la Hoya around the time Golden Boy was attempting to broker a deal between Pacquiao and Floyd Mayweather jr. in 2010. Both executives hinted strongly that the Filipino boxer was using performance enhancing drugs.
Pacquiao’s defamation lawsuit against Floyd Mayweather Jr., Floyd Mayweather Sr., Roger Mayweather, and Mayweather Promotions, filed at the same time as the Golden Boy suit, remains active.