The man who is currently the most popular boxer in boxing is officially retired.
The record-holder, Manny Pacquaio, was declared a bankrupt in July, but his record-setting fight against undefeated unbeaten challenger Miguel Cotto in the WBC welterweight title fight in Las Vegas on Saturday, June 30, will remain undefeated.
It is Pacquio’s fifth fight in a row with an undefeated record.
He previously knocked out Carl Froch in the final round of their June 6 rematch in Las Angeles, and then beat Wladimir Klitschko in December to claim the WBA’s vacant belt.
His record-smashing performance against Klitschkiewicz marked his fourth consecutive win, but he did not stop there.
He also defeated Klitschkos three-fight win streak in the process.
Pacquia won the fight, with a controversial fourth-round TKO, via unanimous decision.
Pacquio is still owed more than $2.4 million in boxing debt.
The former world champion will take a $1 million pay cut from the $20 million he earned for the fight.
Pacquaia will not have to repay the debt on Saturday night.
He will instead receive $800,000 for the win and $500,000 if Klitschok loses.
Pacquaio fought for the WBO welterbow title twice, winning the belt in 1998 and 2001.
He has fought five times for the title.
He fought Klitschkowski in December and lost a decision.