• Boxer loses title he won against Pacquiao in richest match
  • World Boxing Organization says he has 14 days to appeal

Floyd Mayweather was stripped of the World Boxing Organization title he won in May by beating Manny Pacquiao in a $500 million fight for not paying the sanctioning body’s $200,000 fee.

He has 14 days to appeal the decision, the San Juan, Puerto Rico-based WBO said on its website. Mayweather and his promoter Leonard Ellerbe couldn’t immediately be reached for comment.

Mayweather, 38, said after the May 2 win he planned to vacate his world titles to give other boxers a chance. He didn’t respond to requests for clarification of his intentions, the WBO said.

The welterweight unification bout generated $400 million in U.S. pay-per-view revenue on 4.4 million buys, according to HBO and Showtime, the two networks that co-produced the event. The fight also generated foreign broadcast income, ticket sales and sponsorships that probably topped $100 million.

The previous record for pay-per-view revenue was $153 million for Mayweather’s 2013 win over Canelo Alvarez.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE