Mayweather Jr. stripped of WBO belt

Floyd Mayweather Jr. stripped of WBO welterweight titleThe WBO belt, per pay per head sportsbook sources has been stripped from Floyd Mayweather Jr. This is due to a failure to comply with the organization’s rules. Mayweather claimed to title in his bout against Manny Pacquiao on May 2nd. This bout broke all record for pay-per view subscriptions, closed circuit revenue, live gate, foreign television sales and sponsorships.

“The WBO world championship committee is allowed no other alternative but to cease to recognize Mr. Floyd Mayweather Jr. as the WBO welterweight champion of the world and vacate his title for failing to comply with our WBO regulations of world championship contests,” the WBO wrote Monday in its resolution.

On Friday the deadline expired, the championship committee, which are voted Monday afternoon. “The WBO has the utmost respect for Floyd Mayweather Jr. and all that he has accomplished during his storied career,” the WBO wrote in its resolution. “Mr. Mayweather has always agreed with and understood that world championships have both privileges and responsibilities and that status as WBO champion is subject to and conditioned on compliance with the WBO rules and regulations.”

Of course, Mayweather’s camp was displeased with the decision. “It’s a complete disgrace,” Mayweather Promotions CEO Leonard Ellerbe told ESPN.com. “Floyd will decide what, or if any, actions he will take. But in the meantime he’s enjoying a couple of hundred million he made from his last outing and this has zero impact on anything he does.

“Floyd Mayweather has a great deal of respect for each and every organization, as he has always had in his 19-year career, but he will not be dictated to by any organization or person as it relates to his decision making.”

After the bout with Pacquiao, Mayweather spoke at length about vacating the titles to give younger a chance to fulfill their dreams. “I don’t know if it will be Monday [May 4] or maybe a couple weeks,” Mayweather said in the news conference. “I’ll talk to my team and see what we need to do. Other fighters need a chance. Give other fighters a chance. I’m not greedy. I’m a world champion in two different weight classes. It’s time to let other fighters fight for the belt.”

Per best pay per head company, Mayweather has to complete a 6 fight contract with Showtime/CBS. He will then make a decision on what he will do next though many people believe he will retire.