GIST OF IT
By: Kiersten Ehr
On Monday July 7th, Floyd Mayweather was stripped by the WBO (World Boxing Organization) of the welterweight world title he won by beating rival Manny Pacquiao on May 2nd for what was called “the fight of the century.”
The Mayweather and Pacquiao fight broke all financial records for a boxing match
- including total gross
- pay-per-view subscriptions
- closed circuit revenue
- live gate
- foreign television sales and sponsorships.
Floyd Mayweather Jr. failed to comply with the WBO’s organization’s rules.
Mayweather failed to meet the 4:30 p.m. ET Friday deadline when he had to pay a $200,000 sanctioning fee from the May 2 fight (Mayweather earned more than $220 million) and vacate the two junior middleweight titles he also holds.
According to ESPN–“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.
IS THIS FAIR?
Well Mayweather was given two months to decide if he wanted to hold the titles he won in multiple weight divisions. Usually the WBO allows fighters only 10 days to make a decision…
What the WBO Had to say about Mayweather
“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.”
Mayweahter promotions reaction
“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.
gist of MAyweather
The 38-year-old Mayweather Jr. has 11 world titles in five weight classes under his belt, in a phenomenal 19-year career. His next fight is set for Sept. 12 (no opponent has been decided)
Mayweather is on Twitter–
Til the next time,
I’m Kiersten Ehr