Giant sports company, Nike has terminated its endorsement contract of more than eight years with Filipino boxer, Manny Pacquiao over his anti-gay comments.

The company announced late Wednesday that it serves the interest of all hence, it is cutting ties with Pacquiao because of his derogatory remarks over same-sex couples.

"We find Manny Pacquiao's comments abhorrent," the company said in a statement. "Nike strongly opposes discrimination of any kind and has a long history of supporting and standing up for the rights of the LGBT community."

Pacman had said on a Filipino television earlier in the week that same sex couples are worse than animals. The comment generated wide condemnation in the gay community and Nike did not find it funny.

"Have you seen any animal having male-to-male or female-to-female relations?" Pacquiao asked. "If you have male-to-male or female-to-female [relationships], then people are worse than animals."

Though Pacquiao apologized hours later via his Twitter handle.

He tweeted: "I'm sorry for hurting people by comparing homosexuals to animals, please forgive me for those I hurt. God bless!"

“I'm sorry for hurting people by comparing homosexuals to animals. Please forgive me for those I've hurt. I still stand on my belief that I'm against same sex marriage because of what the Bible says, but I'm not condemning LGBT. I love you all with the love of the Lord. God Bless you all and I'm praying for you.

With this latest contract termination, Pacquiao joins the list of athletes Nike has turned its back against of late. Over the past four years, it has severed deals with cyclist Lance Armstrong, running back Ray Rice, running back Adrian Peterson and sprinter Oscar Pistorius.

*Photo shows Manny Pacquiao.

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