Manny Pacquiao's presidential bid is over ... the boxing legend officially conceded the race to his opponent, Ferdinand Marcos Jr., he announced on Tuesday in an official statement.
"I know how to accept defeat," Pacquiao said. "But I hope that even though I lost this race, my countrymen, especially the poor, still win in this scenario."
According to Rappler, a Philippine news website, the boxer-turned-politician was losing the election by a sizeable margin ... with the outlet reporting that Pacquiao had over 3.6 million votes, while Marcos Jr.