Floyd Mayweather stripped of the welterweight world title belt after refusing to pay sanctioning fee…
The WBO announced yesterday that Floyd Mayweather will not be recognized as the welterweight world champion because of his refusal to pay the $200k sanctioning fee.
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.
