Floyd Mayweather Gets WBO Title Won In Pacquiao Fight Stripped
The WBO announced yesterday that Floyd Mayweather was stripped of the welterweight world title belt after refusing to pay sanctioning fee. Floyd Mayweather refused to pay the $200k sanctioning fee and as a result will no longer be recognized as the welterweight world champion.
Floyd won the title after defeating Manny Pacquiao on May 2 in the highest grossing pay-per-view match of all times. Floyd earned more than $220 million from the fight based on total gross, pay-per-view subscriptions, closed circuit revenue, live gate, foreign television sales and sponsorships.
Floyd must also vacate two junior middleweight titles.