The World Boxing Organization has stripped Floyd Mayweather Jr. of the
welterweight world title he earned two months ago, when he defeated
Manny Pacquiao in what was called the fight of the century.
Mayweather, whose victory in the fight earned him $200 million, failed
to pay a $200,000 sanctioning fee he owed the WBO by a Friday afternoon
deadline. He also failed to relinquish the junior middleweight title he
held prior to the May 2 fight, violating the WBO rule prohibiting its
fighters from holding simultaneous titles in different weight classes.
“The WBO World Championship Committee is allowed no other alternative
but to cease to recognize Mr. Floyd Mayweather, Jr. as the WBO
Welterweight Champion of the World and vacate his title, for failing to
comply with our WBO Regulations of World Championship Contests,” the WBO
said in a statement.
Reuters reports that he has two weeks to file an appeal.
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