He's still undefeated...just with a few less championship belts.

On Monday, the WBO stripped Floyd Mayweather Jr. of the welterweight world title that he won by defeating Manny Pacquiao on May 2 and two junior middleweight championship belts as well. According to ESPN, the WBO stripped Mayweather of the title because the Friday (July 3) deadline had passed without him paying a necessary $200,000 sanctioning fee.

"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 for failing to comply with our WBO regulations of world championship contests," the WBO wrote Monday in a statement to the media.

It's against sanctioning bodies' rules for boxers to simultaneously hold world titles in multiple weight classes. The WBC and WBA actually bent their rules to accommodate Mayweather, but the WBO upheld its laws.

"The WBO has the utmost respect for Floyd Mayweather Jr. and all that he has accomplished during his storied career," the WBO continued. "Mr. Mayweather has always agreed with and understood that world championships have both privileges and responsibilities and that status as WBO champion is subject to and conditioned on compliance with the WBO rules and regulations."

| CLICK HERE TO SEE FLOYD MAYWEATHER JR.'S 10 BIGGEST VICTORIES |

The Money Team is disgusted by the WBO's decision to strip Mayweather.

"It's a complete disgrace," Mayweather Promotions CEO Leonard Ellerbe told ESPN. "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."

At 48-0, the 38-year-old Mayweather has said that he wants to at least fight one more bout this September before retiring. 

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(Photo: Ethan Miller/Getty Images)