Al Bello/Getty Images(NEW YORK) — Floyd Mayweather Jr. lost his welterweight world title on Monday, the one he won after beating Manny Pacquiao on May 2, for failing to adhere to the World Boxing Organization’s (WBO) rules.
According to the WBO, Mayweather failed to pay a $200,000 sanctioning fee and vacate two titles he holds in other weight divisions before the 4:30 p.m. ET deadline on July 3.
Therefore, the WBO said in its resolution Monday that it was “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.”
Mayweather’s camp responded to the ruling, telling ESPN, “It’s a complete disgrace.”
“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,” Mayweather Promotions CEO Leonard Ellerbe said.
ESPN reported earlier this month that Mayweather is set to make between $220 million and $230 million from the May 2 fight.
“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,” Ellerbe added.
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