De La Hoya confirms he will not return to boxing ring

London, June 30 : Days after expressing his intention of making a comeback into the ring, American boxer Oscar De La Hoya has confirmed that he will stand by his decision to retire.The 42-year-old, in a Facebook statement, said that following a great deal of introspection and discussion with his family, he has decided to stay retired, the BBC reported.The former six-weight world champion had earlier said that he feels better physically, emotionally and mentally in view of his abstinence from alcohol for a long time, while describing his chances of comeback as ’50-50′.The American has become a boxing promoter since his retirement after losing to Manny Pacquiao in 2008.