You would think that the way Floyd flashes his money around he would be able to pay $200 000 to keep the title that he was so boastful about.
On Monday, Floyd Mayweather was stripped by the World Boxing Organisation of the welterweight world title that he won by beating Manny Pacquiao about two months ago.
Mayweather failed to meet the deadline that was given to him to pay the $200 000 sanctioning fee required by the WBO after he took the belt from Pacquiao on May 2 in Las Vegas. As we all kjnow the fight was said to be the richest fight of all time, with Mayweather earning a reported $220m in the process.
WBO rules require that all boxers pay 3 percent of their winnings for a world title up to a maximum of $200 000.
The WBO rules also prohibit that a WBO champion to hold any belts in any other weight divisions. Mayweather is currently holds two championships outside his WBO championship belt.
A statement on the Puerto Rico-based sanctioning body’s website confirmed that Mayweather was no longer the WBO champion.
“Mr Mayweather, Jr failed to pay the $200 000.000 fee required of him as a participant of a WBO World Championship Contest,” said the statement.
“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 no response from him or his legal representatives on this matter.
“The WBO World Championship Committee is allowed no other alternative but to cease to recognise Mr Floyd Mayweather, Jr. as the WBO Welterweight Champion of the World and vacate his title.”
Does anyone else agree that this fight wasn’t for Mayweather to win? The odds of the world are really against him…
