Oscar De La Hoya is the president of Golden Boy Promotions. Richard Schaefer is the CEO of this company. These persons accused the boxer Manny Pacquiao in administration of steroids. Since this suspicion could destroy Pacquiao’s reputation, he filed a defamation lawsuit against the Chief Executive Officer and the president of Golden Boy Promotions, the boxer Floyd Mayweather Jr. and his father.
But then Manny Pacquiao and Bob Arum, the Cief Executive Officer of Top Rank, reached an agreement with the company Golden Boy Promotions. Thus, the suspected fighter dropped lawsuit against the president and CEO of the promotional company Golden Boy Promotions. But the defamation lawsuit against the fighter Floyd Mayweather and his father remained valid.
Richard Schaefer and Oskar De LA Hoya announced that they denied their prior confirmations connected with accusation in intake of steroids by Manny Pacquiao. They claimed that there was no any evidence to suspect Manny Paquiao in administration of forbidden medications. Richard Schaefer and Oscar De La Hoya admitted that Manny Pacquiao was one of the best boxers of all times. At the end of agreement, the president of Golden Boy Promotions and Bob Arum shook their hands.
It is considered that the apology will cause competitions between Top Rank fighters and Golden Boy boxers.
Since the suspicion was related to Manny Pacquiao, the apology was directed at him too. The fighter accepted it and removed the defamation that was related to the CEO and the president of Golden Boy Promotions.
At the beginning the debate about possible intake of performance-enhancing preparations delayed the competition between Pacquiao and Mayweather. It happened because Mayweather insisted on tests for steroids by the WADA.
Then Mayweather refused to fight with this boxer again, referring to steroid accusation. It caused enhanced impatience in fans because they were waiting for the fight.
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