Floyd Mayweather stripped of WBO welterweight title

Floyd Mayweather has been officially stripped of his Welterweight world title for failing to comply with rules.This is the title he won  after beating Filipino Manny Pacquiao this year .
According to the World Boxing Organization,he missed a deadline to pay a $200,000 sanctioning fee from the fight and vacate the junior middleweight title he also held..

The WBO said it is against the rules for boxers to hold world titles in multiple weight classes and that Mayweather had to indicate which weight division he would retain.The said in a statement 

 The WBO World Championship Committee is allowed no other alternative but to cease to recognise 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 has the utmost respect for Floyd Mayweather Jr. and all that he has accomplished during his storied career,"

An angry  Mayweather Promotions CEO Leonard Ellerbe told ESPN.com...

 It's a complete disgrace,"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 made over $200m from the fight..