The WBO stripped pound-for-pound king Floyd Mayweather of his welterweight world title on Monday for his failure to comply with the organization's rules.
Mayweather claimed the WBO welterweight title when he outpointed Manny Pacquiao on May 2 in a 147-pound unification fight that shattered all financial records for a boxing match, including total gross, pay-per-view subscriptions, closed circuit revenue, live gate, foreign television sales and sponsorships.
Mayweather, who holds two other alphabet welterweight world titles, missed the 4:30 p.m. ET Friday deadline by which he had to pay a $200,000 sanctioning fee from the May 2 fight (for which he earned more than $220 million) and vacate the two junior middleweight titles he also holds.
"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.
It is against sanctioning organization rules for boxers to hold world titles in multiple weight classes. The WBC and WBA had been breaking their own rules by allowing Mayweather to hold their titles, but the WBO upheld its rules.
Typically, the WBO will allow a fighter 10 days to decide which weight class he wants to continue to hold the title in if he wins titles in multiple weight divisions. The WBO gave Mayweather two months to decide.
Once the Friday deadline expired, the WBO sent the issue to its championship committee, which voted Monday afternoon to strip Mayweather of the belt for not complying with either request.
Culled from ESPN.
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