38 year old Mayweather has been stripped of the WBO welterweight belt won from Manny Pacquiao in May.
This came after the unbeaten star failed to pay the WBO $200,000 sanctioning fee, which had a deadline of July 3.
According to a statement on wboboxing.com,
“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.”
Timothy Bradley will now become the full belt holder until May Weather appeals against the decision. He has been given until the 20th of this month to do so.
Floyd Mayweather is expected to stage one more fight later this year in Las Vegas before he hangs up his gloves.