Floyd Mayweather Jr. Stripped Of World Boxing Organization Welterweight Title After Not Paying Sanction Fee

Floyd Mayweather, Jr. failed to pay the $200,000 sanction fee required by the World Boxing Organization (WBO) for the belt he won on May 2 when he defeated Manny Pacquiao at the MGM Grand in Las Vegas, reports Yahoo! Sports.

The deadline was the end of the business day on Friday, and Monday, the Puerto Rico-based organization stripped Mayweather of the title.

It elevated Timothy Bradley, who defeated Jessie Vargas on June 27 for the interim championship, to full champion status, reports Yahoo! Sports.

WBO rules require boxers to pay 3 percent of the purse they win to fight for a world title, and a minimum of $1,000 and a maximum of $200,000 for fighters like Mayweather who earn extraordinary large purses.

Normally, fighters are required to pay the sanction fee on the night of the fight, and it’s deducted from their purse. However, Mayweather, who has had a long history with the WBC, wasn’t sure he wanted the WBO title. As a result, the WBO gave Mayweather time to pay the fee, and it wasn’t paid.

However, Pacquiao paid his sanction fee, and would have kept the belt had he won, so the WBO still made $200,000 on May 2 from that fight, writes Yahoo!

http://espn.go.com/boxing/story/_/id/13211446/floyd-mayweather-jr-stripped-wbo-welterweight-title

Advertisements

One thought on “Floyd Mayweather Jr. Stripped Of World Boxing Organization Welterweight Title After Not Paying Sanction Fee

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s