Mayweather claimed the WBO welterweight title when he outpointed Manny Pacquiao on May 2 in a 147-pound unification fight that shattered all financial records for a boxing match, including total gross, pay-per-view subscriptions, closed circuit revenue, live gate, foreign television sales and sponsorships.
Mayweather, who holds two other alphabet welterweight world titles, missed the 4:30 p.m. ET Friday deadline by which he had to pay a $200,000 sanctioning fee from the May 2 fight (for which he earned more than $220 million) and vacate the two junior middleweight titles he also holds.
"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," the WBO wrote Monday in its resolution.
The Mayweather camp was displeased by the ruling.
"It's a complete disgrace," Mayweather Promotions CEO Leonard Ellerbe told ESPN.com. "Floyd will decide what, or if any, actions he will take. But in the meantime he's enjoying a couple of hundred million he made from his last outing and this has zero impact on anything he does.
"Floyd Mayweather has a great deal of respect for each and every organization, as he has always had in his 19-year career, but he will not be dictated to by any organization or person as it relates to his decision making."
"I don't know if it will be Monday [May 4] or maybe a couple weeks," Mayweather said in the news conference. "I'll talk to my team and see what we need to do. Other fighters need a chance. Give other fighters a chance. I'm not greedy. I'm a world champion in two different weight classes. It's time to let other fighters fight for the belt."
Culled from ESPN.
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