Floyd Mayweather Jr was stripped of his welterweight world title on Monday for not complying with the World Boxing Organization regulations.
This was imposed after his Super Fight with world-record holder Manny Pacquiao last May 2.
The deadline given to Mayweather was last Friday, and when the boxer failed to pay at the end of the business day, speculations about him being stripped of the title went over the weekend.
And on Monday, WBO issued a resolution to vacate the welterweight championship title.
In their statement, they emphasized what Mayweather said in the post-match interview – “Other fighters need to get a chance” and “I’m not greedy. It’s time to let other fighters fight for the belt.”
Mayweather, through his team, expressed his interest to vacate all existing titles. With this, the WBO has approved the fight between Timothy Bradley, Jr. and Jessie Vargas for June 27.
After the news of the Bradley-Vargas fight went around the media, Mayweather’s camp sent a letter asking WBO to release a written statement that Mayweather retain his WBO/WBA/WBC Unified Welterweight Champion of the World titles.
With WBO, Bradley and Vargas’ respect for Mayweather, the Bradley-Vargas right was demoted to an Interim WBO Welterweight Championship of the World match.
Then WBO, on May 22, wrote a letter to the Mayweather camp asking them to send a written expression of the fighter’s intent to retain his WBO Welterweight title. This was part of the WBO Regulations of World Championship Contests. It was also stated in the letter that under Section 15 (b) of the regulations, “he relinquish his WBA/WBC 154 lb. title, for ‘no WBO Champion may hold a non-WBO Championship in a weight class that is different from the weight class of his WBO Championship.’”
On June 1, Mayweather’s camp asked for an extension until August 1.
But on June 3, WBO President Francisco Valcarcel “advised Mr. Hornewer that a request was made to the WBO Championship Committee to render a decision on Champion Mayweather’s request no later than Friday, June 5th 2015” and that “WBO World Championship Committee resolved that while no future precedent was to be construed of the Resolution, that Section 1 (b) (20) of the WBO Regulations did in fact allow for certain extraordinary exceptions and flexibility, but that under no circumstances could it be interpreted as rendering any of our WBO Rules ineffective, and finally, that an extraordinary extension to allow Champion Mayweather to advise the WBO of his position within the WBO Welterweight division was granted until 4:30 PM EST on Friday, July 3rd 2015,” under certain conditions:
- Mr. Floyd Mayweather Jr. ’s legal representatives had to confirm within the next five (5) days that they were in agreement with the conditions set forth on the June 5th Resolution.
- The WBO reserved the right to protect its Welterweight Division from stagnation, and to proceed in accordance with our Rules and Regulations and to afford the opportunity to other fighters, particularly those of a younger generation, in the spirit of Mr. Mayweather’s statements on May 2nd 2015; and,
- If Mr. Mayweather were to fail to comply with the terms and conditions of the June 5th Resolution and his legal representative not notify the WBO World Championship Committee of his intention to vacate titles in other weight divisions by the July 3rd deadline, the WBO would cease to recognize him as the WBO Welterweight Champion of the World.
- Finally, that the WBO Championship Committee would not grant any further extension on the matter.
On June 10, Mayweather’s camp agreed to the conditions, thanking them for the extension.
But on July 3, there was no word from Mayweather’s camp on his expressed interest to vacate the titles.
It was stated:
WHEREAS, Section 16 (1) of our Regulations stipulates that the WBO shall be paid a “Sanction Fee” (both Champion and Challenger) of a rate equal to three percent (3%) of their purses with a minimum of $1,000.00 and a maximum of $200,000.00 per boxer; and,
WHEREAS, it is expressly against our Rules (Section 15 (b)) for boxers to hold world titles in multiple weight classes and if a WBO Champion wins a title in a higher or lower weight division, the WBO Champion shall have ten (10) days to determine which weight division the WBO Champion will retain.
In the concluding part of the statement, WBO Chairman, Luis Batista Salas, Esq. noted:
NOW, THEREFORE, BE IT RESOLVED by the WBO World Championship Committee according to our Regulations that:
In the present case, Mr. Mayweather, Jr. failed to pay the $200,000.000 fee required of him as a participant of a WBO World Championship Contest.
Despite affording Mr. Mayweather Jr. the courtesy of an extension to advise us of his position within the WBO Welterweight Division and to vacate the two 154-pound world titles he holds, the WBO World Championship Committee received no response from him or his legal representatives on this matter.
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.
This is a final decision of the WBO World Championship Committee. The affected WBO Participant may appeal to the Complaint and Grievance Committee pursuant to WBO World Championship Section 34, which per Rule 3 (e) of the WBO Appeals Regulation, must be submitted in writing to the WBO President within fourteen (14) days of the date of this decision as its sole and exclusive remedy.
Timothy Bradley, Jr., who won over Jessie Vargas, filled the vacated spot immediately after the resolution was passed.