Manny Pacquiao retires from boxing ahead of presidential run

Manny Pacquiao announced Wednesday his retirement from boxing ahead of his run for president of the Philippines next year.

The big picture: The 42-year-old, who's also a Philippines senator, said in a video posted on his Facebook page that it's "difficult for me to accept that my time as a boxer is over." Pacquiao won 12 world titles in a 72-fight career, with 62 wins. He's the only boxer ever to win titles in eight different weight divisions.