Oscar De La Hoya retires from boxing (Video)

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Boxing legend Oscar De La Hoya announced his retirement from the sport on Tuesday, admitting he could no longer fight at the highest level.

“Boxing is my passion, boxing is what I was born to do,” an emotional De La Hoya told a news conference in downtown Los Angeles.

“And when I can’t do it any more, when I can’t compete at the highest level, it’s not fair. It’s not fair to me, it’s not fair to the fans. I’ve come to the conclusion that’s over, it’s over inside the ring for me.”

Nicknamed the “Golden Boy,” he won the lightweight boxing gold medal at the 1992 Olympics in Barcelona and won the first of his 10 world titles at super-featherweight before eventually moving up to middleweight.

The 36-year-old Mexican-American last fought on Dec. 6 when Filipino Manny Pacquiao stopped him in the eighth round.

VIDEO: Oscar De La Hoya announces retirement