Only days away froml the much awaited catch-weight fight between Canelo Alvarez and Miguel Cotto, the World Boxing Council announces that they are stripping Cotto as their middleweight champion.
The decision happened Cotto refused to pay the sanction fee as agreed with WBC. Below is the official statement of WBC on the situation with Miguel Cotto.
After several weeks of communications, countless attempts and good faith time extensions trying to preserve the fight as a WBC World Championship, Miguel Cotto and his promotion did not agree to comply with the WBC Rules & Regulations, while Saul Alvarez has agreed to do so. Accordingly, the WBC must rule on the matter prior to the fight.
The WBC hereby announces that effective immediately has withdrawn recognition of Miguel Cotto as WBC World Middleweight Champion. If Saul ‘Canelo’ Alvarez wins the fight against Cotto, he will be recognized as the WBC middleweight world champion.
The WBC’s decision is premised on the fact that Miguel Cotto and his camp are not willing to abide by the governing WBC Rules & Regulations, and the specific conditions the WBC established to sanction the fight. Simply put: they are not willing to respect the very same rules and conditions which applied to Cotto becoming WBC champion. The WBC wishes Miguel Cotto the best of luck as we truly regret the course of action which led to them taking such decision.
With no clear reason on what rule did Cotto violate to make them strip away the recognition, the boxing organization was put in a negative light.
Despite the statement released by WBC, the match between Cotto and Alvarez this coming weekend will have WBC, Lineal and The Ring middleweight championship titles on the line.
In on what is perceived as the biggest boxing match since Mayweather fought against Pacquiao, should Alvarez lose his fight against Cotto, the belt will surely be vacated afterwards.