Floyd Mayweather, the undefeated boxing legend, has officially announced his retirement in an emotional press conference following a crushing defeat to John Gotti III in a costly $35 million exhibition match.

In a heart-wrenching moment, Mayweather struggled to hold back tears as he informed his fans of his decision to step away from boxing. The announcement came in the wake of an exhibition fight that ended Mayweather’s perfect record after John Gotti III made history by defeating him in an intense eight-round bout.

The exhibition match, held in Mexico, was a high-stakes affair with a prize pool of $35 million. The fight saw Gotti III dominating the ring and ultimately breaking Mayweather’s flawless career record. The loss has not only marked a significant turn in Mayweather’s career but also led to his decision to retire from professional boxing.

Mayweather, known for his impeccable skills and unblemished record, had long been a dominant force in the sport. His retirement marks the end of an era for boxing fans around the world. The emotional press conference highlighted the deep impact this loss had on Mayweather, who has been a towering figure in the sport for decades.

As fans and the boxing community process this significant development, Mayweather’s departure from the ring is sure to be remembered as a poignant and dramatic conclusion to one of the most storied careers in boxing history.