The undisputed world champion, Floyd Mayweather Jr. was recently stripped of his WBO (World Boxing Organization) title because he did not pay a sanction fee, which is necessary for that specific belt. It is a requirement for any boxer fighting for the WBO title belt to pay 3 percent of their purse. In this case, Mayweather would have had to pay $200,000, which is extremely high for a sanction fee, but his refusal to pay cost him the WBO title belt. As a result, Welterweight fighter Timothy Bradley is now the WBO champion following his victory June 27th against Jessie Vargas. It appears that this really doesn't have much of an affect on Mayweather because he is still the undisputed pound-for-pound champion.