Source: Al Bello / Getty
Floyd Mayweather was stripped of his welterweight world title Monday after earning more than $220 million in a long-awaited match against Manny Pacquiao on May 2, reports CNN.
Mayweather, 38, who won the belt with a unanimous points victory, lost the title after failing to meet a deadline to pay a $200,000 “sanctioning” fee to the World Boxing Organization (WBO) for the event that was dubbed the”fight of the century,” the report says.
He also failed to vacate his World Boxing Association (WBA) and World Boxing Council (WBC) titles at junior middleweight, an issue because WBO rules state a boxer can only hold titles in one weight division.
“Despite affording Mr. Mayweather Jr. the courtesy of an extension to advise us of his position within the WBO Welterweight Division and to vacate the two 154-pound world titles he holds, the WBO World Championship Committee received…
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