Boxing champion Wladimir Klitschko announces his retirement
The Ukrainian former world heavyweight champion will now turn his attention to expanding his luxury hotel group into Germany and the US
Berlin — Ukraine’s former world heavyweight champion Wladimir Klitschko announced his retirement from boxing on Thursday to scupper any hopes of a November rematch against Britain’s Anthony Joshua.
Hamburg-based Klitschko, who is 41, hangs up his gloves as one of the all-time greats of the ring after a nine-and-a-half year reign as heavyweight champion, which was ended in 2015.
Klitschko, who won super-heavyweight gold at the 1996 Atlanta Olympic Games, was the undisputed world champion from 2006-15, when he held several belts, before finally losing to Britain’s Tyson Fury on points two years ago.
His last fight was in April when he was stopped by Joshua in the 11th round of the World Boxing Assocation (WBA) title fight at Wembley Stadium in London in a hard-fought bout in which both fighters hit the canvas.
Klitschko’s retirement dashes a mooted blockbuster rematch with Joshua, possibly in Las Vegas in November. Such was the interest in Klitschko’s announcement that the demand crashed his website on Thursday morning.
"After my last fight against Anthony Joshua, I deliberately took the time to make a decision," said Klitschko, whose older brother Vitali is also a former world heavyweight boxing champion. "I never thought I’d have such a long and incredibly successful boxing career, I thank you all from the bottom of my heart," he told his fans in a statement.
Klitschko bows out with a record of 64 wins and five defeats with 54 knock-out wins professional bouts.
"I have achieved everything I dreamt of, and now I want to start my second career after sports," added Klitschko in a video statement. "I started my journey 27 years ago and it was the best decision I could have ever made. Because of this choice, I have travelled the world, learnt new languages, created businesses, built intellectual properties, helped people in need. I became a sports scientist, an entrepreneur, a motivator, a leader, a trainer, an investor and much more."
He said he is still able to do all this because of the global appeal of boxing: "At some point in our lives, we need or just want to switch our careers and get ready for the next challenges, I’m no exception. Now it is my turn. I’m honestly doing this with respect for the new challenges and also with tremendous excitement, passion and dedication. I am expecting and hoping that my next career, which I have been planning and working on for a few years, will be at least as successful as my old one."
Klitschko will now turn his attention to the hotel industry. He is involved in a chain of luxury hotels — 11 Mirrors — in Ukraine and has plans to expand.
"We are concentrating on expanding with 11 Mirrors to Germany and the US," Klitschko told German finance magazine Euro am Sonntag. "I like to spend a lot of money on the training of my employees. There is no better return on investment than investing money in its team."