Richard Schaefer and Oscar De La Hoya admitted they hadn’t had any evidence in steroid use by Manny Pacquiao

Oscar De La Hoya is the president of Golden Boy Promotions. Richard Schaefer is the CEO of this company. These persons suspected the boxer Manny Pacquiao in intake of steroids. Since this accusation could hurt Pacquiao’ sport career, he filed a defamation lawsuit against the president and the CEO of this promotional company, the boxer Floyd Mayweather Jr. and his father.
But later Manny Pacquiao and Bob Arum, the Cief Executive Officer of Top Rank, achieved 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 boxer Floyd Mayweather and his father remained valid.
The CEO and the president of Golden Boy Promotions poined out that they denied their prior settlements connected with accusation in steroid use by Manny Pacquiao. They confirmed that there was no any evidence to suspect this boxer in administration of forbidden drugs. 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 the founder and the CEO of Top Rank shook their hands.
It is claimed that this apology will promote competing between Top Rank fighters and Golden Boy fighters.
Since the accusation was directed at Manny Pacquiao, the apology was directed at him too. He accepted it and removed the defamation that was connected with Oscar De La Hoya and Richard Schaefer.
At the beginning the discussion about possible intake of performance-enhancing medications delayed the competition between Pacquiao and Mayweather. It happened because Mayweather insisted on tests for prohibited substances by the WADA.
Then Mayweather refused to fight with Manny Pacquiao again, referring to steroid accusation. It led fans to increased impatience because they were expecting the fight.