Ricky Hatton has finally announced retirement from boxing

Former two-weight world champion Ricky Hatton has finally announced retirement from boxing on Thursday.

V Festival

The 32-year-old has not fought since losing Manny Pacquaio - although has also refused to confirm he had hung up his gloves.

However despite being linked with several big-name fights since, most notably against - Pacquiao and Floyd Mayweather Jr - the Hitman has now called time on his glittering 14-year professional career.

Hatton said: "I am very upset. It's a very sad day for me.

"I know it is the right decision, though. I've known it was the right thing to do for 18 months to be honest.

"It's a bit of a relief to finally do it. It's been hovering over my head for such a long time.

"These last two years have been really frustrating. I hit rock bottom and it almost drove me insane.

Ricky Hatton Quotes of the week, "I am very upset. It's a very sad day for me. I know it is the right decision, though. I've known it was the right thing to do for 18 months to be honest."

"There's nothing more I love than training for a fight but I have no dreams left now."

Ricky Hatton pictures his career

Ricky Hatton on Thursday in an interview posted on its Web site

Ricky Hatton on Thursday in an interview posted on its Web site that he is retiring from boxing.

V Festival

The 32-year-old devastating knockout in the second round after suffering from the war is fough to Manny Pacquiao in a May 2009 bout.

Hatton said, "I've had a wonderful career, absolutely loved every minute of it. I think my greatest achievement and my proudest achievement will be the fan base I was always able to generate."

Calling it "the greatest night in his life," Hatton closed the longest reigning title winner in June 2005 for the 12th round of the 140-pound champion Kostya Tsyzu Australia.

Hatton Mayweather Jr. bout 147 pounds in his initial concern with aggression, but after losing in the 10th round after round two of a stop.

Hatton said that under new trainer Floyd Mayweather Sr. felt great against Malignaggi but to fight Pacquiao overtrained.

"Alcohol when you're depressed is a bad combination," he said Thursday.

Hatton said that his excessive drinking as a result suffered blackouts.

"I was losing days on end where my mind was somewhere else and I didn't have a clue what I was doing," Hatton said of the weeks leading up to the newspaper revelation.