The World Boxing Organization has stripped Floyd Mayweather Jr. of his world welterweight title.
The decision to strip Mayweather of the title — which was won against Manny Pacquiao — was made after he failed to pay a sanctioning fee of $200,000 to the body.
The WBO also had an issue with Mayweather holding the World Boxing Association (WBA) and World Boxing Council (WBC) titles at junior middleweight, as a boxer is not allowed to hold titles in different weight divisions.
“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 said on its website.
“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.”
“Money”, as Mayweather is called, has been given 14 days to appeal the decision.