What is the best way to put this?
Belts don’t matter.
People know who the real champ is in whatever weight class we are dealing with. For example Deontay Wilder has a heavyweight belt, but he isn’t the heavyweight “CHAMPION” that is Wladimir Klitschko.
The WBO stripped Mayweather of his Welterweight belt essentially because he didn’t pay the sanctioning fee and they have a weird rule about guys holding multiple belts in different weight classes with different sanctioning bodies.
Tim Bradley will get the belt, but the Welterweight champion everyone knows is Floyd Mayweather.