After missing a deadline to pay a $200,000 sanctioning fee, the World Boxing Organization stripped Floyd Mayweather of the welterweight world title he won after defeating Manny Pacquiao in May.
The WBO requires that boxers pay 3 percent of their purse to fight for a world title, up to a maximum of $200,000, AFP reports. Mayweather earned a reported $220 million from the fight against Pacquiao. Another WBO rule prohibits champions to hold belts in other weight divisions; Mayweather is currently the WBC and WBA champion at junior middleweight and welterweight.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
