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Oscar De La Hoya retires from professional boxing

De la hoya Oscar De La Hoya announced his retirement from professional boxing during a press conference this afternoon outside of L.A. Live in downtown.

"When I can't compete at my highest level, it's not fair -- to me, my fans," De La Hoya said.

De La Hoya lost two of his last three fights, including a Dec. 6 bout against Manny Pacquiao. The East Los Angeles native posted a 39-6 career record with 30 knockouts.

Check out Lance Pugmire's story for more on De La Hoya's decision.

-- Austin Knoblauch

Photo: Oscar De La Hoya celebrates following his final career victory on May 3, 2008. Credit: Wally Skalij / Los Angeles Times

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