The news can spread in seconds with all the media eyeing for Floyd Mayweather´s loss. The undefeated five-division world champion who topped the Forbes magazine as the richest celebrity with $300 Million under his name (in which more than $220 million is from his recent fight) just got stripped of his welterweight world title. A failure to meet the deadline for paying the $200,000 sanctioning fee from the supposedly FIGHT OF THE CENTURY last May 2nd of 2015 resulted in losing his WBO welterweight title.
What Went Wrong?
Mayweather Jr. spoke about his plans to vacate all of his titles, with the intention of giving the younger boxers a chance to fight for the winning belts. This pronouncement was made by Mayweather Jr. right after he won the bout against Filipino boxer Manny Pacquiao. The 38-year old world champion was given two months by the WBO committee to decide which one of his multiple weight class championship titles he wants to continue holding. A time long enough compared to the usual 10-day period given to a fighter. What went wrong? Is it his over-confidence that WBO will not uphold its contest regulations? Just like WBC and WBA that had both broken their own rules by allowing him to hold multiple weight division championship titles?
Who Takes The Advancement?
Unfortunately, Manny Pacquiao will not be the successor of the winning belt, rather, the WBO committee gives the privilege to the former welterweight titleholder Timothy Bradley, who won the bout against Jessie Vargas last June 27th via unanimous decision. Mayweather´s team express disappointment over the rulings of WBO and is already making arrangements to file a written appeal with the help of Attorney John Hornewer. In an interview with Leonard Ellerbe, he made a statement seemingly insinuating that the WBO president Francisco “Paco” Valcarcel, fussed over to favour Bob Arum, who promotes both Timothy Bradley and Jessie Vargas.
Mayweather´s team is yet to decide regarding the next action to make. However, regardless of their plans to appeal, the decision made by WBO to strip of his welterweight title is unlikely to be changed.