Manny Pacquiao on his retirement: "I just heard the final bell. Boxing is over."

The Philippines' flag-bearer at the 2008 Olympic Games officially announces his retirement from the sport to focus on his political career.

Picture by Michael Owens

Boxing legend Manny Pacquiao has retired from the sport as he seeks to focus on becoming president of the Philippines.

The 42-year-old - considered one of the top offensive boxers in history thanks to his dazzling fast footwork and blistering speed of punches - announced his retirement in a 14-minute video posted on his official Facebook page.

“I just heard the final bell. Boxing is over,” said an emotional Pacquiao, who had a record of 62 wins, eight defeats and two draws.

He said retiring from the sport was one of the biggest decisions he ever made.

“I never thought this day would come as a I hang up my boxing gloves.”

He intends to run for president in the country's 2022 elections.

Picture by 2019 Getty Images

Olympic flag bearer

The eight-division world champion became the first Filipino Olympic non-participant to be Team Philippines' flag-bearer at the 2008 Beijing Olympics.

He had a chance to box at Rio 2016 when the IOC allowed professional boxers under 40 years of age to compete at the Games, but he chose to focus on his duties as a Senator.

“As I hang up my boxing gloves, I would like to thank the whole world, especially the Filipino people for supporting Manny Pacquiao. Goodbye boxing,” he said.

"It is difficult for me to accept that my time as a boxer is over. Today I am announcing my retirement."

“Thank you for changing my life, when my family was desperate, you gave us hope, you gave me the chance to fight my way out of poverty. - Manny Pacquiao on his retirement.

“Because of you, I was able to inspire people all over the world. Because of you I have been given the courage to change more lives. I will never forget what I have done and accomplished in my life that I can’t imagine.”

Pacquiao's last bout took place on 21 August when he lost to Cuban boxer Yordenis Ugas in Las Vegas by unanimous decision.

Picture by 2021 Getty Images

Before that, aged 40, he became the oldest welterweight world champion in July 2019 when he beat American Keith Thurman to win the WBA (Super) welterweight title.