Manny Pacquiao has reached a sealed settlement on his defamation lawsuit against lawsuit Golden Boy Promotions after receiving public apologies from CEO Richard Schaefer and president Oscar De La Hoya.
The lawsuit had been active since December 2009. Pacquiao accused Golden Boy and Floyd Mayweather of slander when they made public statements implying that Pacquiao was using performance enhancing drugs. The controversial topic continues to be the only issue that prevents the success of fight negotiations between Floyd Mayweather and Manny Pacquiao.
“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,” Golden Boy Promotions explained in a statement.”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.”
In a statement yesterday to ESPN, Top Rank CEO Bob Arum confirmed that his company is willing to continue negotiating joint fights with Golden Boy that include Manny Pacquiao. Last month, the two companies worked out a deal to allow Golden Boy fighter Juan Manuel Marquez to face Pacquiao this November.
“I think this clears the way for future fights with one of their fighters with Manny, all other things being equal,” Arum explained. “Prior to the apology we would not have not considered it. This (PED accusation) was something directed at Manny. He’s accepted this apology and indicated that he has accepted it by settling the lawsuit, so we move on…This clears the way for any Golden Boy-Top Rank fight in the future if the fight makes sense for both sides. We shook hands on that after the mediation (two weeks ago).”
At press time, Manny Pacquiao’s defamation lawsuit against Floyd Mayweather will continue.