"Ricky's well aware of the decision. He accepts and respects it."
Ricky's put in place a three-year plan and we're half-way through that. We want to continue to grow and grow
Hatton Promotions chief executive Gareth Williams
The Manchester fighter won world titles at two weights and his last fight was his second-round knockout defeat by Manny Pacquiao in May 2009.
Hatton made his professional debut in 1997 and won 45 of his 47 bouts.
"Mr Ricky Hatton MBE was legally represented... to answer charges of bringing boxing into disrepute arising out of incidents of alcohol and drug abuse by him which had been reported widely across the media," said the BBBC in a statement.
"The board is especially concerned to keep the sport of boxing free from drugs, whether taken for recreational or performance enhancing reasons, and to be vigilant in identifying and dealing with cases of alcohol abuse."
It added: "Ricky Hatton is not an active boxer and his current physical condition is such that the board decided to withdraw his boxer's licence."
Hatton also had his manager's and second's licence revoked.
The BBBC statement continued: "Ricky Hatton's manager's and second's licences allow him to have close, day-to-day contact with participants in the sport and the board has taken the view that his conduct and present circumstances make such contact wholly inappropriate.
"Consequently, the board has decided to withdraw such licences."
The BBBC decided not to withdraw his promoter's licence as "Hatton Promotions is a large organisation employing a number of experienced individuals in varying roles".
The next event for a boxer in Hatton's stable is for highly-rated Scott Quigley, who will fight in his native Bury on Saturday.
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