Oscar De La Hoya and Richard Schaefer admitted they had made a mistake, suspecting Manny Pacquiao in steroid use

Oscar De La Hoya and Richard Schaefer operate the company Golden Boy Promotions. These persons accused the boxer Manny Pacquiao in intake of steroids. Since this accusation could disturb Pacquiao’s reputation, he filed a defamation lawsuit against the president and the CEO of Golden Boy Promotions, the boxer Floyd Mayweather Jr. and his father.
But later Manny Pacquiao and Bob Arum, the CEO of Top Rank, achieved an agreement with Golden Boy Promotions. Thus, Manny Pacquiao dropped lawsuit against the president and CEO of the promotional company 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 claimed that they denied their prior settlements about accusation in steroid use by Manny Pacquiao. They claimed that there was no any evidence to suspect Manny Paquiao in administration of banned medications. They 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, the CEO of Top Rank shook their hands.
It is considered that this apology will lead to competitions between Top Rank fighters and Golden Boy fighters.
Since the accusation was directed at Manny Pacquiao, the apology was related to him too. The boxer accepted it and removed the defamation that was related to Oscar De La Hoya and Richard Schaefer.
At the beginning the debate about possible administration of performance-enhancing medications delayed the competition between Pacquiao and Mayweather. It happened because Mayweather insisted on tests for prohibited drugs by the WADA.
Later Mayweather refuted to fight with this boxer again, referring to steroid accusation. It caused enhanced impatience in fans because they were expecting the fight.