Remember that fight which was promoted as the ‘Fight of the Century’ between Manny Pacquiao and Floyd Mayweather which sane people thought was a snoozefest? Well, Floyd Mayweather  has been stripped of the WBO welterweight belt that he won from Manny Pacquiao in May because he failed to pay the WBO a $200,000 sanctioning fee by the 3 July deadline. Mayweather had said that he would relinquish the title to give younger fighters a chance but he refused to do so.

‘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.’ said a statement on wboboxing.com. Mayweather who still holds the WBA and WBC belts at welterweight has until July 20 to appeal the decision.  The WBO said it’s against the rules for boxers to hold world titles in multiple weight categories and it was up to Mayweather to indicate which weight division he should retain.