Floyd Mayweather Jr., who has a record of 48 wins and No lose after beating Pacquiao in May 2, 2015 at MGM Grand in Las Vegas was officially stripped of the WBO welterweight world title he won for this fight, after failing to pay sanction fee.
He failed to pay the $200,000 sanction fee required by the World Boxing Organization for the belt he won by defeating Manny Pacquiao by the deadline.
On July 6, Monday the WBO said in a resolution posted on it’s website stating that “The WBO World Championship.
The committee is allowed no other alternative but to cease to recognize Mr. Floyd Mayweather Jr as the WBO Welterweight Champion of the World for his failure to comply with the organization’s rules.
The 38 year old Boxer requested a few more days to decide, but the WBO already had given him more than the standard 10 post-fight days. He has until July 20 to appeal the decision.
As a result, Timothy Bradley who won against Jessie Vargas last June 27 has replaced Mayweather as the WBO’s Champion, according to report.
Pacquiao paid his sanction fee, and would have kept the belt had he won, so the WBO still made $200,000 on May 2 from that fight.