Floyd Mayweather has been stripped by the World Boxing Organization (WBO) of the Welterweight World title which he won by beating Manny Pacquiao two months ago. Mayweather had failed to meet the deadline last Friday for paying the 200,000 dollar sanctioning fee required by the WBO after he took the belt May 2nd in Las Vegas in the richest fight of all time, earning a reported 220 million dollars.WBO rules require boxers to pay 3 percent of their purse to fight for a world title up to a maximum of 200,000 dollars. The rules also prohibit WBO champions to hold any belts in any other weight divisions. Mayweather is currently also the WBC and WBA champion at junior middleweight (154 lbs), as well as at welterweight (147 lbs).