Floyd “Money” Mayweather has been stripped of his WBO boxing title. He won the WBO Welterweight title after defeating Filipino, Manny Pacquiao in May.
According to a statement on the WBO 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.”
The decision was taken after Mayweather failed to pay a required fee of about $200,000 which was due July 3. Following this development, the WBO title will move to Timothy Bradley.