The World Boxing Organisation (WBO) has stripped Floyd Mayweather of his WBO welterweight belt after the champ failed to meet some mandatory obligations.
Mayweather won the belt after beating Manny Pacquiao in the so-called ‘fight of the century’, from which he raked in around $200m for one nights work.
But he has been stripped of the belt he won in that fight by the WBO, after he failed to pay a $200,000 sanctioning fee to the organisation. The deadline for the payment was Friday, and Mayweather’s camp had made no effort to pay up.
Champions are required to pay a portion of their winnings to the organisation, and Mayweather failed to do so.