By Yannis Mihanos: Earlier this week the news spread that Miguel Cotto (40-4, 33 KOs) has been stripped of his WBC middleweight title because he failed to pay the World Boxing Council’s $300,000 sanctioning fee in order for him to have the WBC title on the line for his fight against Saul “Canelo” Alvarez (45-1-1, 32 KOs) this Saturday night in their fight on HBO pay-per-view from the Mandalay Bay Resort & Casino in Las Vegas, Nevada.
The news spread a bit of panic around, especially to the organizers and the TV channels for the Cotto vs. Canelo fight.