The belt Floyd Mayweather won when he bested Manny Pacquiao earlier this year no longer belongs to him.
The WBO stripped Mayweather of the welterweight title after he failed to pay a $200,000 sanctioning fee and vacate the two junior middleweight titles he also holds.
Mayweather was awarded the belt when he topped Pacquiao via decision in May in a 147-pound unification fight that netted “Money” more than $220 million.
“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 wrote Monday in its resolution (thanks to ESPN for the quotes).
Mayweather was given more time than most to decide which weight class he wanted to hold titles in. The WBO usually forces a fighter to decide within 10 days, but he was given two months.
“The WBO has the utmost respect for Floyd Mayweather Jr. and all that he has accomplished during his storied career,” the WBO wrote in its resolution. “Mr. Mayweather has always agreed with and understood that world championships have both privileges and responsibilities and that status as WBO champion is subject to and conditioned on compliance with the WBO rules and regulations.”
Mayweather improved to 48-0 when he topped Pacquiao in a bout years in the making. The fight shattered pay-per-view buys for the sport.