Floyd Mayweather Stripped Of Welterweight Title From Pacquiao Fight
He has been given two weeks to launch an appeal.
By John Lim — 07 Jul 2015, 11:50 AM
Floyd 'Money' Mayweather has been stripped of his welterweight title after failing to pay his 200,000USD sanction fee. Pretty ironic for someone whose nickname is 'Money'...
Floyd Mayweather Jr. has been stripped of the welterweight world title he won after beating Filipino Manny Pacquiao this year for failing to comply with rules, the World Boxing Organization said on Monday.
Mayweather won the title over Manny Pacquiao back in May - dubbed as 'The Fight Of The Century'. Mayweather earned a total of 200 million USD from the fight.
Floyd ‘Money’ Mayweather’s 12-round decision over Manny Pacquiao proved to be a winner for most Las Vegas sports books, despite a flurry of late action on the undefeated boxer on Saturday that pushed his odds from -190 to -250 at several betting venues.
sportingnews.comHowever, he missed the deadline set by World Boxing Organisation (WBO) to pay a sanction fee and relinquish his junior middleweight titles prior to the Pacquiao fight - boxers are not allowed to hold titles in different weight classes
Mayweather failed to pay a $200,000 sanctioning fee he owed the WBO by a Friday afternoon deadline (3 June). 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.
time.com
With that, WBO has no choice but to strip him of his welterweight world title. Mayweather will have two weeks to launch an appeal.
“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.
time.com
