Pacquiao accepted apology of Golden Boy Promotions

Oscar De La Hoya and Richard Schaefer operate the company Golden Boy Promotions. These persons accused the boxer Manny Pacquiao in administration of steroids. Since this accusation could hurt Pacquiao’s reputation, 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 Golden Boy Promotions. Thus, Manny Pacquiao dropped lawsuit against the president and the Chief Executive Officer of Golden Boy Promotions. But the defamation lawsuit against the fighter Floyd Mayweather and his father remained in power.
The Chief Executive Officer and the president of Golden Boy Promotions poined out that they denied their prior confirmations linked with accusation in steroid use by Manny Pacquiao. They announced that there was no any evidence to suspect this fighter in application of prohibited medicines. Richard Schaefer and Oscar De La Hoya recognized 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 promote competing between Top Rank fighters and Golden Boy fighters.
Since the accusation was related to Manny Pacquiao, the apology was related to him too. The boxer accepted it and removed the defamation that was linked with the CEO and the president of Golden Boy Promotions.
At the beginning the accusation in intake of performance-enhancing products delayed the competition between Pacquiao and Mayweather. It happened because Mayweather insisted on tests for banned products by the WADA.
Later Mayweather refused to fight with Manny Pacquiao again, referring to steroid accusation. It caused extreme impatience in fans because they were expecting the fight.