Mayweather stripped of WBO welterweight title

Floyd Mayweather has been stripped by the World Boxing Organization of the welterweight world title he won by beating Manny Pacquiao two months ago. Mayweather had failed to meet the deadline last Friday for paying the $200,000 sanctioning fee required by the WBO after he took the belt from Pacquiao on May 2 in Las Vegas in the richest fight of all time, earning a reported $220 million in the process. WBO rules require boxers to pay 3 percent of their purse to fight for a world title up to a maximum of $200,000. The rules also prohibit WBO champions to hold any belts in any other weight divisions. Mayweather is currently also the WBC and WBA champion at junior middleweight (154lb), as well as at welterweight (147lb).