Report: Floyd Mayweather to be stripped of WBO title

Floyd Mayweather will likely be stripped of his WBO title on Monday.

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Big news in the world of boxing, as Floyd Mayweather will reportedly be stripped of his WBO title. According to ESPN’s Dan Rafael, the organization will likely take back the strap on Monday, July 6.

According to @WorldBoxingOrg Floyd has not complied with the rules by today's 4:30 pm ET deadline. Likely to be stripped of 147 on Monday.
— Dan Rafael (@DanRafael1) July 3, 2015

According to Chris Williams with Boxing News 24, Mayweather failed to pay the WBO’s $200,000 sanctioning fee for the title, and did not relinquish his WBA/WBC junior middleweight titles as previously agreed upon.

"The WBO gave Mayweather a deadline of July 3rd, at 4:30 p.m. ET to vacate his WBA/WBC junior middleweight titles, and give the WBO a sanctioning fee for the title. If/when the WBO strip Mayweather of his WBO title, they’ll then be giving the full title to interim WBO welterweight champion Tim Bradley."

After defeating Manny Pacquiao on May 2, Mayweather initially claimed that he would give up all titles so as to give other fighters a shot at the belt. At the time, WBO president Paco Valcarcel stated that Mayweather’s ownership of the belt was mainly a formality, and that it would be relinquished almost immediately. However, two months have passed and Mayweather has yet to vacate his titles.

As courtesy we handed @FloydMayweather WBO belt- and he accepted it- but it was agreed beforehand that should he win, title would be vacant.
— Paco Valcárcel, Esq. (@PacoValcarcel) May 3, 2015

Once Mayweather is stripped of his title Timothy Bradley will officially become the WBO welterweight champion. Bradley defeated Jessie Vargas on June 27, and currently holds the title of interim welterweight champ.

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