De La Hoya throws in towel

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The 36-year-old former Olympic gold medalist revealed his decision to quit with a 39-6 (30 KOs) professional record, four months after being outclassed by Manny Pacquiao in Las Vegas.

From a platform outside the Staples Centre in his native Los Angeles, and where a bronze statue of the boxer known as 'the Golden Boy' stands, De La Hoya told fans and reporters of his decision to move his career out of the ring and concentrate solely on his promotional and business life.

"I'm announcing my retirement because I've been doing this since I was five years old and this is the love of my life," De La Hoya said.

"Boxing is my passion, boxing is what I was born to do and when I can't do it anymore, when I can't compete at the highest level, it's not fair.

"It's not fair to me, it's not fair to the fans, it's not fair to nobody.

"I've come to the conclusion that it's over. It's over inside the ring for me."