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.
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