According to a report in the New York Post, Golden Boy Promotions President Oscar De La Hoya allegedly shelled out a whopping $20 million in connection with the 2007 scandal which saw the the former champion dressed in high heels, fishnet stockings and lingerie. The newspaper cited confidential courthouse sources.
The newspaper published the drag photos of De La Hoya, alongside New York stripper Milana Dravnel, on November 15, 2007, following which the boxer insisted that the pictures were frauds.
De La Hoya, 38, finally admitted the truth in a remarkable Spanish-language interview with Univision on Tuesday, which also saw the fighter say that he contemplated suicide while battling alcohol and drug addictions.
"Let me to tell you, yes, yes, it was me [in those pictures]," De La Hoya said. "I am tired now of lying, of lying to the public and of lying to myself."
De La Hoya said he was high on alcohol and cocaine when the racy photos were snapped.
After De La Hoya launched a campaign to discredit the wild images, Dravnel filed a $100 million dollar federal lawsuit against him, claiming that his handlers duped her into agreeing that the photos were manipulated.
They settled the lawsuit out of court, and both sides clammed up, citing a confidentiality agreement.
But courthouse sources advised the paper that De La Hoya allegedly paid $20 million to make Dravnel go away. The deal also called for her to give back the heels, lingerie and fishnets that she kept after the kinky photo session.
