'The Money Team' responds to WBO: 'It's a complete disgrace'

Milan Ordoñez on Jul 08, 2015 05:47 PM
'The Money Team' responds to WBO: 'It's a complete disgrace'
Photo credit: AP Images (File photo)

News about the Floyd Mayweather Jr. being stripped of the WBO welterweight title he won against Manny Pacquiao on May 2nd has reached “The Money Team”, and they are not too happy about it.

The team’s sentiment was voiced out through Mayweather Promotions CEO Leonard Ellerbe, who spoke to ESPN.com.

"It's a complete disgrace. Floyd will decide what, or if any, actions he will take. But in the meantime he's enjoying a couple of hundred million he made from his last outing and this has zero impact on anything he does.”

"Floyd Mayweather has a great deal of respect for each and every organization, as he has always had in his 19-year career, but he will not be dictated to by any organization or person as it relates to his decision making,” Ellerbe contined.

On Monday (Tuesday, PHT), the World Boxing Organization World Championship Committee decided to strip Floyd Mayweather of the said title, for not paying the sanctioning fee of $200,000. The said fee is for simultaneously holding world titles in two different weight classes.

RELATED: Mayweather officially stripped of WBO welterweight title

It is a ruling that is not usually followed by sanctioning bodies such as the the WBC and WBA. The WBO, however, decided to uphold the said decree.

Ellerbe implied about taking possible legal action, but noted that Mayweather himself has not yet decided on their next steps.

"We have the best attorney in the game, John Hornewer, and we are fully aware of what our rights are. Floyd will decide what he wants to do,” he added.

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Follow this writer on Twitter: @Mr_Ordonez

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