No, this is your theory. The Ring's theory is:
Champion
#1
#2
#3
If the Ring felt otherwise they would say:
Champion #1
#2
#3
#4
No, the Champion is just that, The Champion. If you want to get technical, let's say Pac was the champ and he got beat by the #100th guy. That would make the #100th guy Champion, not #1. There's a difference. #1 is something that can be earned over time. Champion is something that can happen with 1 punch.
Buster Douglass was Champion, but Holyfield was #1.
Once again, Dan, Hatton was Champion and Gatti was #1. Going off your theory, Hatton was #1 and Gatti was #2. If Gatti was #2, then why did you say Gatti was #1?
Champion
#1
#2
#3
If the Ring felt otherwise they would say:
Champion #1
#2
#3
#4
Obviously THE CHAMPION is #1 because he's the champion. That's common sense.
Buster Douglass was Champion, but Holyfield was #1.
When there's a Champion the #1 is essentially #2. Out of the 10 #1's Floyd beat in the division being fought in. Gatti was the only one that was #1 on a technicality. The rest were the highest ranked fighter in the divison being fought it unless it was Floyd himself.
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